OMGUSD - Scale in orders for long Giá lên

OmiseGo / DollarBitfinex

Mô tả

⋅ 14 Th04 2018 09:15

Tools used:

Fibonacci speed resistance fans
Chande Momentum
RSI
VWMA (Length: 8, length of 20 on hourly)

OmiseGO popped up to $17 and quickly dropped. Currently forming a bull flag, looking forward to a confirmation for a continuation of it.

Regression channels:

Arguments for a long position:

Taking the traditional method of finding target price of a bull flag, OMG should hit $20 after breakout
ATH is just around $40
Bull flag pattern
Strong FA, both team and community wise; verifiedtopics.com/omisego-omg-strong-daily-gainer-strategy-announcement-expected/
Re entering main (green) regression channel after it failed to break out under it. (Poor correlation ratio at ~.5 however)

Arguments for a short position:

Currently in a correction phase after a huge rally
Top of bull flag channel, expecting it to drop again in the flag channel
Seems to have failed to break out from cyan regression channel
Weakening momentum
RSI making a hns pattern (lol)

Safest move would be to scale in long orders from $10 onwards as BTC is still grappling with its identity crisis.

Đóng lệnh: đạt mục tiêu

⋅ 28 Th04 2018 10:44

Thêm nữa