OmiseGo Bullish Symmetrical Triangle
Updated
This is a classical Symmetrical Triangle that's forming.
RSI and MACD are indicating that the price is going to decrease and fulfill the second correction leg for this pattern before further upward movement is confirmed.
Remember that The Symmetrical Triangle is known from it's explosiveness. After it breaks it will do it rapidly.
Having knowledge of this helps us to set buy targets and stop losses early.
I'll keep you updated what will happen.
Trading information:
Buy: 7.9 level
Partial Profit: around 10 level
Longer Term Profit Levels: 13 & 14 levels
Stop-loss: 6.5 level
Note this is a long term trade!
Things to remember:
-> To trade safely we need to use stop losses in case something goes wrong.
-> Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
-> Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
Be Careful While Trading!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
RSI and MACD are indicating that the price is going to decrease and fulfill the second correction leg for this pattern before further upward movement is confirmed.
Remember that The Symmetrical Triangle is known from it's explosiveness. After it breaks it will do it rapidly.
Having knowledge of this helps us to set buy targets and stop losses early.
I'll keep you updated what will happen.
Trading information:
Buy: 7.9 level
Partial Profit: around 10 level
Longer Term Profit Levels: 13 & 14 levels
Stop-loss: 6.5 level
Note this is a long term trade!
Things to remember:
-> To trade safely we need to use stop losses in case something goes wrong.
-> Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
-> Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
Be Careful While Trading!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Trade active
Pattern breached and the price broke upwards.Note
Partial Profit Target Reached!
Related publications
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.