Long
OMNI seems to be at the end of the downtrend?
OMNI coin seems to be at the end of it's downtrend and is now looking to break structure for an upward move.
This cryptocurrency is now at the bottom of the structure and I believe it is now on it's way to break from structure in an upward move.
Once breakout of structure occurs, it will be a confirmation of the uptrend. TDI shows the bands in an upward direction and RSI has just come out of the oversold position, where previously had formed a sharkfin and we should now see the result of that. The Mustard EMA has just crossed the Ketchup EMA and once breakout of structure occurs, both Mustard and Ketchup EMAs should cross the Blueberry EMA which will confirm the upward move, then looking to cross the Mayo and Water EMAs as well to double confirm the long-term upward trend.
In my opinion, once price action breaks the structure, we should see a long-term uptrend to complete the structure. To confirm the upmove, Mustard and Ketchup EMAs must cross the Blueberry EMA as well.
This is best viewed on the DAILY chart in order to reduce the amount of 'noise' that is present on the lower time frame charts.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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This cryptocurrency is now at the bottom of the structure and I believe it is now on it's way to break from structure in an upward move.
Once breakout of structure occurs, it will be a confirmation of the uptrend. TDI shows the bands in an upward direction and RSI has just come out of the oversold position, where previously had formed a sharkfin and we should now see the result of that. The Mustard EMA has just crossed the Ketchup EMA and once breakout of structure occurs, both Mustard and Ketchup EMAs should cross the Blueberry EMA which will confirm the upward move, then looking to cross the Mayo and Water EMAs as well to double confirm the long-term upward trend.
In my opinion, once price action breaks the structure, we should see a long-term uptrend to complete the structure. To confirm the upmove, Mustard and Ketchup EMAs must cross the Blueberry EMA as well.
This is best viewed on the DAILY chart in order to reduce the amount of 'noise' that is present on the lower time frame charts.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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