An intraday timeframe (1 hour) is presented in this OmiseGo analysis. A trendline is used to connect a series of higher price lows to draw the bullish trendline on the 1 hour timeframe.
Also highlighted on the chart is the rising wedge which is ideally bearish. Use of the same chart pattern was also mentioned in this trade with a successful outcome. ~1.30 and 1.18 is expected to provide support for OmiseGo in order to enter into a buy (long) order(s).
Lack of consolidation especially at 1.18 implies the possibility of the downtrend resuming, and therefore further lower prices in OmiseGo.
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