OMG is looking a lot like the NEO chart was before it experienced its 3rd bull rune recently. This is another coin that has great fundamentals behind it as well which gives me confidence on this move. OMG is following quite a strong trend line, and if it can bounce from it again here then we would be able to confirm its strength. The price appears to almost be...
Lots of signs that point to OMG remaining strong and due for an explosive ride upwards this weekend.
RSI slowly heading towards oversold status while it continues to test support at the 190k level. We had a cross of the base line in the Ichimoku cloud, but we're going to need heavy sell pressure to bring it both below the cloud + break through the 190k support...
OMGBTC currently on an ascending channel, seems to have formed double bottom and double tops.
Double bottom found resistance before reaching pattern TP.
Double top just formed. If pattern is not fulfilled could lead to new ATH with resistance on Fib rET levels shown.
Going short or long is up to your current holding.
Key levels are shown in green and...
Seems to be pushing through top resistance, if it does expect big gains. Strong support line as drawn in the diagram will keep it from dropping too much, GL
This pattern has repeated over and over with $OMG. Don't fight the trend. Go large here but set stops near 6.25. The structure is in place for this company to increase their market share in crypto.
TA: Above cloud still on 4hr with major appearance of yet another C N H that would if confirmed breach ATH sending the Fibbie's searching for the $10 range.
Beyond...
MACD hitting a low cross indicating trend reversal?
Potential Buy Point if we can get above the top line, If it breaks down we can see significant drop as the Fib Retracement levels indicate support
