$OPG is making a strong BULLISH move on the 4H chart, gaining nearly 17%... 🔥
Look at that massive green candle! Buyers are clearly in control right now.
Price has pushed above the previous consolidation zone around $0.1382... 👀
Now $0.1549 is the key RESISTANCE to watch. A clean breakout could open the door for another move higher.
But RSI(6) is around 90... That's extremely OVERBOUGHT, so some cooling down wouldn't be surprising.
VWAP is sitting near $0.1369, making it an important SUPPORT to keep an eye on.
If price holds above $0.1382, bullish momentum could continue.
BUT if price loses this area... a pullback towards VWAP could follow. 📉
Watch $0.1549 for a BREAKOUT and $0.1382 for a possible invalidation of the current bullish move.
Follow for more chart analysis 😎
Look at that massive green candle! Buyers are clearly in control right now.
Price has pushed above the previous consolidation zone around $0.1382... 👀
Now $0.1549 is the key RESISTANCE to watch. A clean breakout could open the door for another move higher.
But RSI(6) is around 90... That's extremely OVERBOUGHT, so some cooling down wouldn't be surprising.
VWAP is sitting near $0.1369, making it an important SUPPORT to keep an eye on.
If price holds above $0.1382, bullish momentum could continue.
BUT if price loses this area... a pullback towards VWAP could follow. 📉
Watch $0.1549 for a BREAKOUT and $0.1382 for a possible invalidation of the current bullish move.
Follow for more chart analysis 😎
