Updated
Omisego/Bitcoin - Possible Cup and Handle?
OMG/BTC
- In new price trend
- Ascending triangles
- MACd looking to cross on the 4 hour charts
- Possible Cup and Handle?
- In new price trend
- Ascending triangles
- MACd looking to cross on the 4 hour charts
- Possible Cup and Handle?
Note
This is from the 15 min chart:- volume stoll holding nicely, just beware the BTC price movements, as most alts follow Bitcoin's price fluctuations.
- possible reverse H&S.
- falling wedge, perhaps a bull flag?
Note
30 moin chart:tradingview.com/chart/19KamGoB/
- Omisego has broken out of the first ascending triangle (light blue), and now is bouncing within a new ascending triangle (black lines).
- Now hovering around 0.786 Fib Retracement level, if omisego can move past this with momentum, a new bull run should be expected.
- There is a bigger ascending triangle (dotted lines), if OMG can break out of that, expect new ATHs.
Note
Trade active
Omisego holding strong while bitcoin fluctuates. A good sign indeed. That being said, a btc correction below 9k will surly hit OMG hard, as it will with every other alt.
Note
From the 30 min chart:- ascending triangles have been broken, with positive momentum moving upwards. --- how high can omisego go?
Note
MACd on the 3o min has crossed downwards, indicating omisego see a little correction, before further bullish movement.Even though the MACd has crossed, OMG still holding well above Ichimoku cloud - great signs.
Note
#0 min chart showing a nice Bull Flag forming, Omisego definitely looks like it can go much higher. - Maybe need some time to consolidate.Within that Bull Flag we have some pretty standard Elliot Wave patterns forming.
- We have Elliot Triangle Waves (A-E).
-Within that Elliot Triangle Wave, we can see the ABC correction movements
as well as the ABC impulse movements that are forming the overall Elliot
Triangle Wave (A-E).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.