RizeSenpai

OMUSDT: Falling Wedge with RSI Bullish Divergence at Support

Long
BINANCE:OMUSDT   OM / TetherUS
OMUSDT is trading within a Falling Wedge, holding onto a congestion zone at support with heavy amounts of Bullish Divergence on the RSI. If this level holds, I think we might get somewhat of a Bull Flag type of move which would take it up to around $0.40 and also happens to align with the 1.618 Fibonacci Extension from here.

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.