The chart for OMGBTC (OmiseGO) looks really good... We have all of the signals that I look for in place here.
1) We have a falling wedge, which is bullish. 2) We have bullish divergence with MACD, the name says it all. 3) The RSI is now above 50, which is bullish. 4) Down trendline broken, also bullish. 5) Moving above EMA10/21, bullish. 6) Strong bullish candle in-play. 7) Volume breakout.
All these signals are pointing to higher prices.
Here I mapped 210% as the main target, but all the fib. levels can be used as targets on the way up.
Thanks a lot for reading.
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