OMGUSD - LOOKING FOR BREAKOUT - BULLISH PATTERN FORMED???
OMGUSD
Forming a symmetrical triangle, looking for breakout move.
Reason for upward breakout:
1) MACD green on daily TF
2) Above 20MA on daily TF
3) Bullish pattern formation on daily TF
4) RSI above 55
5) Above 20MA on 4 hours TF
6) MACD soon flip green on 4HR TF - Currently above 0 level
Entry level : 5.0-5.25
Stop loss : Daily closing below 4.78
Target: USD 5.7, USD 6.42, USD 6.9
Forming a symmetrical triangle, looking for breakout move.
Reason for upward breakout:
1) MACD green on daily TF
2) Above 20MA on daily TF
3) Bullish pattern formation on daily TF
4) RSI above 55
5) Above 20MA on 4 hours TF
6) MACD soon flip green on 4HR TF - Currently above 0 level
Entry level : 5.0-5.25
Stop loss : Daily closing below 4.78
Target: USD 5.7, USD 6.42, USD 6.9
Note
All entry done, price is respecting the analysis, should start pumping next week.Note
Price has broken from the symmetrical triangle, towards expected targets!!!Note
USD 5.7 target done
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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.