OKCash Possible Breakout of Falling Wedge

may have just broken out of a falling wedge coinciding with a bounce off a fib level (50%). This coupled with the upcoming birthday announcement could mean OK may retest earlier highs. Like most new events in crypto, this will probably be a sell the news situation where we will see accumulation until the announcement is made.

Entry: < 5600-5700
TP1: 6000
TP2: 6500
TP3: 7000
Target: 8000
MOON: >9000 (in the event of spectacular news...)

Trade active

So far, so good. nearing first take profit target.

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Resistance at 5900 is strong but if it is broken, the second target will come easily

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TP1: Reached. Should be long now...

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OK ended up dipping after all. Perhaps i was a little bulltarded but this is a good price level to add to your longs

Trade closed: stop reached

Real disappointing performance from OKCash. Unnecessary FUD from the failure to release any news has caused the price to plummet and it doesn't look like its going to recover at the moment

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s3.amazonaws.com/tradingview/snapshots/r/rs5keAEf.png

(for those who are not as risk averse as I am, OK may be bouncing off the 200MA on the 4hr so the bay be hope but if it breaks though the tunnel down is long and dark...)

myceliium

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myceliium

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