OmiseGo is soft touching an ascending trend line, is in the pitchfork mid area, the only thing it needs is to cross above EMAs 10-26-55 and close the candle above them in the daily Chart. It's growth has been a sustainable one so I don't see other reason than a bitcoin price action reason not to have a healthy growth in the short-mid term for OMG. Modest Target should be the average line of the pitchfork in the mid run, that's over 300k sats.
It also needs a lot of more volume and buying pressure to sustain the uptrend, but this is not outta ordinary situation in the actual market panorama.
Can it go lower? yes, everything can turned out different in the next 12 hrs, at 6hrs chart it has support by Ichimoku cloud so the odds it can bounce from that point are good.
It also needs a lot of more volume and buying pressure to sustain the uptrend, but this is not outta ordinary situation in the actual market panorama.
Can it go lower? yes, everything can turned out different in the next 12 hrs, at 6hrs chart it has support by Ichimoku cloud so the odds it can bounce from that point are good.