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...
Based on the 4H chart we can see a double top chart pattern. It belongs to a reversal group of chart patterns. We should expect for downward movement to 5.5000 level at least. This is a support level which can stop and reverse the market. Also the uptrend line is an additional support in this zone. We must be ready to open long trades based on a confirmed reversal...
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
Just waiting how the market correction will affect OMG. Higher Trend line is decisive at the moment. After a bull run we can expect correction to the Fib levels. Possible bearish wedge. Any idea how to trade? Please share. Thank you for watching. Good luck and peace!
After the rally, OMG is moving on a big ascending triangle, which is a bullish continuation pattern. Market rejected the downtrend on the 0.382, 0.5 and 0.318. The published long position only poses a Risk/Reward of 0.8. Only small volume orders should be considered