OMG is on the move again. See the chart for targets. If you buy now, it's gonna be risky so always be cautious when trading OMG as of now.
Comment:
wait for the pullback before buying
Comment:
should not break the yellow uptrend line if it wants to keep pushing up
Comment:
there's an uptrend channel. we just recently touched support levels. and now trying to break resistances if we want to move up. selling pressure is subsiding. hopefully, buyers would rush in again and move the prices up
Comment:
Broke support but
Comment:
Broke support but there's buying demand as indicated by the long wicks. If price could go lower down to the demand zone, then OMG could be in danger. Once BTC settles at a specific level, the trading volume should flow back in to OMG and the other altcoins.
Comment:
there's a gap up in OMG. buy now while it's not yet too late
Comment:
Trade idea invalidated because of Bitcoin's rise. There's distribution that's going on as seen by the descending triangle.
Comment:
If the last candlestick to the right doesnt close higher than the green candlestick, then we could go lower. Probably to the demand zone.
Comment:
it's a breakout from the downtrend slope. This show signs of altcoin market recovery.