Fact 1: OMG is a project with a live product, good fundamentals, strong partnerships.
Fact 2: We had a strong break of the bearish trend on April 2. Huge volume, big spike.
Fact 3: We had on April 4 a retest of the support level and after, an even bigger bullish bar. Even more volume. This pushed the RSI close to oversold so chances for a solid retracement/accumulation area were big.
This is what happened between April 6 and today when we were able to have 3 points and draw the trend line which acts as support for the bullish channel.
I expect another super strong bullish run with first target at 0.001550. The second would be around 0.001640.
Comment:
What do you think about this? :)
We reached our second target when most of the alt coins were still recovering from the huge bull run BTC had.
We reached our second target when most of the alt coins were still recovering from the huge bull run BTC had.
Comment:
This project really overdelivered. The price was rejected pretty strong from the previous February 28 high.
Key idea: Volume was huge. I mean really huge. We will experience a normal retrace for now. It's super important how low it will go and in what way. In this moment the chances to see a new high on Daily are significant.
Trading ideas:
Get out completely at around 40% profit when the price hits the resistance level at 1960.
Move 1/2 of your position at that level and re-enter on a lower price, let's say around previous swing at 1635.
Just wait.
Key idea: Volume was huge. I mean really huge. We will experience a normal retrace for now. It's super important how low it will go and in what way. In this moment the chances to see a new high on Daily are significant.
Trading ideas:
Get out completely at around 40% profit when the price hits the resistance level at 1960.
Move 1/2 of your position at that level and re-enter on a lower price, let's say around previous swing at 1635.
Just wait.
Comment:
Important Hint1: OMG was the first one to move strong after the Bitcoin run.
Important Hint 2: The retracement we seen today was pure beauty. The party is just starting.
Important Hint 2: The retracement we seen today was pure beauty. The party is just starting.
Comment:
Here go again with the 2000 resistance.
The volume to finally break that super strong area is present.
I think I will close this one at 2060 just a little under the previous high which rejected violently. We entered at 1350 so it's a potential 65% profit.
The volume to finally break that super strong area is present.
I think I will close this one at 2060 just a little under the previous high which rejected violently. We entered at 1350 so it's a potential 65% profit.
Note: OMG had partnership news today
Note 2: Really healthy 3 day accumulation on this one with testing of previous horizontal support at 1310.
I would be really surprise to see this one going down.
Still sideways...it's possible.