An intraday timeframe (1 hour) is presented in this OmiseGo analysis. A trendline is used to connect a series of higher price lows to draw the bullish trendline on the 1 hour timeframe.
Also highlighted on the chart is the rising wedge which is ideally bearish. ~1.30 and 1.18 is expected to provide support for OmiseGo in order to enter into a buy (long) order(s).
Lack of consolidation especially at 1.18 implies the possibility of the downtrend resuming, and therefore further lower prices in OmiseGo.
Also highlighted on the chart is the rising wedge which is ideally bearish. ~1.30 and 1.18 is expected to provide support for OmiseGo in order to enter into a buy (long) order(s).
Lack of consolidation especially at 1.18 implies the possibility of the downtrend resuming, and therefore further lower prices in OmiseGo.
