TJalam

Long trade setup on OMGUSDT : Analysis using Price action

Long
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BINANCE:OMGUSDT.P   OmiseGO / TetherUS PERPETUAL CONTRACT
Long trade setup building on OMGUSDT Analysis using Price action:

On chart we can see multiple ascending triangles on 30m,15m. price broken above of the rising wedge of 60m, the price is making a swing low within the 'D' timeframe Channels (Red channel line 'D' ). The overall bias has changed to Bullish . Formation of swing low may lead to bullish trend.


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