art shows how BTC's bleed dragged OMG coin down with it. OMG is currently trying to hold support level at 140,000. That support has already been broken and fib retracement (not shown in chart so as not to clutter) suggests next support level at 130,000. Hence it would be wise to place some orders between those levels.
Once BTC recovers, a reversal is expected and a bullish trend to form and potentially reach the flag targets in the coming days.
RSI: Oversold 35%
Events:
18 January 2018 Jun Hasegawa will be explaining OMG future plans
This is not an invesetment advice, always do your own research!
Trade closed: target reached
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Breakout confirmed and reached both first and second target easily!
Price hovered between and even below the buy area. Those who bought at 130,000 are now looking at 23% gains! A dip buy would be a good idea to secure gains and find re-entry positions.
OMG is looking good despite the BTC shortfall and should achieve third target at 180,000 in the coming days. That's 38% for those who would like to hang-on.