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amutt
Dec 25, 2018 4:24 AM

OMG vs ETH Long for the new year Long

OmiseGo / EthereumBitfinex

Description

I think that OMG is going to make some gains on ETH. I have no idea what will happen to ETH but if you are holding some and would like to increase the amount you have I think this is a good one to look at. NEO too possibly. You can see divergence on the daily chart, it hit fib targets from the last big drop it had so at the very least it should retrace to one of the fib levels from the last high. Pay attention to the prices on the right and the 30/50 fibs as it moves up, if it does. If it breaks that previous high it could be the turn on this particular pairing. Its been very low for a long time, might just die away but let see. Its a good RR play especially if you are an ETH hodler.

Would like to see it making a double bottom here on a lower timeframe then buy, but I think this should see some gains.

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