OHM Double Bottom + Double Bullish Divergence on 4h Chart.

Aftet it was looking like the last 4h bullish divergence was the bottom, we have come back down to test the same support range, with a small deviation below. The original 4h bull div in my last idea is still valid, but now we have a clear double bottm and a double bull div. The 2nd one is because the price made a double bottm, while the price made a higher low. After 11 days of selling and the daily RSI in the mid 20's this would seem like an obvious area to accumulate this project, which is currently criminally undervalued. Invalidation for this idea is a clean break of the support line @ around $450. If this isn't the bottom, then it's surely soon. I think it's a great long-term play for value investors. Noise traders beware. Those are my thoughts. Enjoy :)

Commentaire:

*After ;)

Ordre annulé:

I guess OHM is destined to keep dumping despite some really clear technical indicators of a reversal. Oh well :)

Commentaire:

Ah I wasn't far from the bottom it seems ;)

Commentaire:

Happy at least that these divergences are playing out nicely, pity about the double bottom idea ;)