Shwayze

OMG:USD breakout pattern - highest high broken

Long
Shwayze Updated   
BITFINEX:OMGUSD   OmiseGo
OMG has just broken out of it's current consolidation and seems to be a continuation of it's previous trend. It has broken out above the 100MA, and the volume oscillator shows big volume, RSI peaking on hourly charts.

We should see a slight retrace, but overall pattern looks bullish.

Trade closed: target reached:
Target reached. However, look for this to continue on to around $7, before profit retracement commences. Good buy back after this will be around $4.70

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.