OMG is at its long-term support trend line,
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It has been 3 days since the black Tuesday crash, here is an analysis of the BTC chart on the 4hr time frame. Firstly, an overlap Fibonacci is plotted on the 2 major downtrend from the 2 highest peak. We find a strong support at 14k as both the 38.2 and 61.8 fib overlaps. Secondly, on the shorter time frame, over the past 2 days, the bulls are unable to break past...
As from prediction earlier, a rising wedge pattern detected, OMG falls strong support around consolidation region at 0.00158, if it drops further to 0.0015 or lower, its TIME TO BUY!!!
failed to breakthrough from a bull flag, going through consolidation for a period of phase, however rising wedge pattern formation spotted as the higher highs fail to be higher than the lower highs.
Seems to be on a downtrend, unable to break through the resistance line, descending triangle formation pattern, decision time soon, whether it would break out of the triangle or continue downwards
