Astral_Trader
Long

OMGBTC Breakout - To the moon?

BITFINEX:OMGBTC   OmiseGo / Bitcoin
After confirmed reversal head-and-shoulder formation we may now judge if the reversal will hold true. Should it break the current resistance trend line it is an indication that the trend has in fact reversed.
CCI is indicating the trend reversal. MACD is showing support is in control and RSI agrees the movement as upwards.

This is a great buying opportunity as the sky is the limit on what happens next. However, use proper discretion and use a trailing stop if you decide to trade this plan as it is needed to lock in profits.

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