OMG/BTC Potential buy setup
Updated
Good afternoon all,
Today I'm looking at OmiseGo.
I'll be monitoring this closely, as ETH continues to rise, expect ERC 20 tokens to rise with it.
What I'd like to see before purchasing is a high volume breakout of the resistance zone I've highlighted.
Key Notes:
1) If 1425 is broken with high volume, I will be looking to enter long until 1620ish, these targets will change as the market does.
2) RSI is currently approaching bullish zone.
3) Resistance zone is 1386 - 1425, this need to break with high volume for any potential purchase.
As always, if you find my information helpful, please support me by hitting the like and follow button.
Today I'm looking at OmiseGo.
I'll be monitoring this closely, as ETH continues to rise, expect ERC 20 tokens to rise with it.
What I'd like to see before purchasing is a high volume breakout of the resistance zone I've highlighted.
Key Notes:
1) If 1425 is broken with high volume, I will be looking to enter long until 1620ish, these targets will change as the market does.
2) RSI is currently approaching bullish zone.
3) Resistance zone is 1386 - 1425, this need to break with high volume for any potential purchase.
As always, if you find my information helpful, please support me by hitting the like and follow button.
Note
My XLM target hit, however I do not like the volume on this and have not purchased in yet.Order cancelled
This did not break the target zone with any conviction, as a result no trade was made. BTC is currently moving, and do not expect OMG to compete with BTC, am no longer tracking.
If you find my information helpful, please return the favor and hit the like and follow button, it's very encouraging and keeps me motivated!
Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
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