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Kenjin_Tanoshii
Nov 28, 2017 1:52 PM

$OMG - Accumulation Period 

OmiseGo / BitcoinBitfinex

Description

it's time to start accumulating OMG

OMG has been holding up great support even with BTC's bullish runs.

-With higher lows, slowing climbing the bottom of the support trend line.
-I drew out the projections of the EMA 20 & EMA 55. on the 1 Day chart.
-When both EMA's cross, it will be a confirmation for a new bullish trend.

First targets are marked as resistance, currently sitting on the buy area. .

Practice safe swing trading within the ascending triangle.

chinatown price line marked in chart.
Comments
trader85737
What you think now?
Kenjin_Tanoshii
@mmaakkee, Im bullish on OMG.
when_lambo
did not pan out. What is your new view?
Kenjin_Tanoshii
@when_lambo, Waiting to retrace back into that channel.
I bought more at the bottom. Can't pass up on discounted OMG.
Kenjin_Tanoshii
@when_lambo, Also, you have to keep in mind that BTC pushed ever single alt coin down when it rallied from 12k-18k
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