OMGUSD is constrained within a channel and has created multiple flags leading to breakouts. We can see that the recent flag reacted to the channel support, 786 fibonacci and area of interest. Its leading to the -0.27 fibonacci where we can maybe look to short it until the next bull flag.
Goodluck and trade safe!
Goodluck and trade safe!
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Want more chart ups like this? Click the links below:
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Related publications
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.