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/biz/ - Business & Finance

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2952951 No.2952951 [Reply] [Original]

My TA bros, what does this chart mean?

>> No.2953018

>>2952951
>doesn't show volume
no idea anon

>> No.2953071

Head and shoulder formation. Next move is down

>> No.2953092

>>2952951
Spikey movementt -> volatility

currently at ATH and highly volatile?

You're probably gonna get raped.

>> No.2953096

Means it is too risk to buy now

>> No.2953105

>>2952951
Honestly it means a huge dump is about to happen.

>> No.2953110

OMG is a good coin but it is overpriced for now.
I am waiting to buy at 40k sat.

>> No.2953226

>>2952951
It means you should look at the next hourly candle above this one and check the MACD for a switch. This is a garbage graph. Barely shows any information.

>> No.2953516
File: 259 KB, 975x585, distribution.png [View same] [iqdb] [saucenao] [google]
2953516

>> No.2953593
File: 26 KB, 448x243, omg.jpg [View same] [iqdb] [saucenao] [google]
2953593

>>2953516
Made me look just for fun, i think its currently at the second psy, i wouldn't buy in this stage

>> No.2953957
File: 240 KB, 2124x952, Screen Shot 2017-08-04 at 12.51.56 PM.png [View same] [iqdb] [saucenao] [google]
2953957

I've been using this same line for over a week now to help me trade. We're overbought (for now), expect profit taking. We're going to head down to $2, and then much higher.

Long-term, OMG is worth $25 based on fundamental/quantitative analysis.