blakeren

OMG/BTC Trade Idea

Long
blakeren Updated   
BITTREX:OMGBTC   OMG Network / Bitcoin
OMG is looking a lot like the NEO chart was before it experienced its 3rd bull rune recently. This is another coin that has great fundamentals behind it as well which gives me confidence on this move. OMG is following quite a strong trend line, and if it can bounce from it again here then we would be able to confirm its strength. The price appears to almost be done correcting and has tested the down trending resistance line on the triangle, which a long with the prior trend, give me faith that it will break on the upside, more than likely after bouncing off the trend line the next time it hits. We may see some resistance at the 0.5 Fib level, which may cause us to see an ascending triangle . If not I'm expecting to see the price head towards the 0.0031 mark before a major correction. Will look to buy in either; once it bounces from the trend line the next time, or if it doesn't, then once a breakout has been confirmed. A stop/loss can be set just under the trend line
Comment:
Added daily graph

Comment:
OMG Starting to break out. Buy order was set and activated for 0.00182
Comment:
Looking to retest major support line

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