I wanted to throw up my little doodle on our basic trend for OMG at the moment. It's a gorgeous one and definitely leading to a parabolic structure that I believe will continue for a good while.
If I had to guess, we'll likely revisit the low $9 area to test our new higher low a few times today or tomorrow, followed by a resumption of the uptrend - market conditions not withstanding.
Be safe!
Jemkie 🦊
PS: If any of my tips make you money and you want to show appreciation, feel free to send ETH to my address! I'm a uni student supporting herself through crypto and stocks:) 0x0008eb9764B45b7a7761eB747E1C6a5a55C9d6Ec
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Oof that market drop! Looks like a nice correction wave coming, remember to DCA if you're trying to get in :)
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I don't want to call it, but we may be resuming our uptrend after touching the low 9's and high 8s :)
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Update:
Here's your chance to get in, we're having that cool-off day or two prior to our next moves!
Hi, a big like for the work. What do you think how deep will this corecttion go??
Jemkie
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@rapidofr, Thank you! :) I'm unsure. The worst seems past at this point, OMG has held quite nicely. Famous last words and all that, but we needed a solid shakeout of dead liquidity in BTC and ETH prior to any more movement. We may see another red day tonight/tomorrow but OMG seems to have built a great support level around the high 8 and low 9 dollar mark :)
Of course, DYOR and I could always be as wrong as the bears saying BTC to 10k in a month! :)
EMA34TRADER
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@Jemkie, agree and really good TA. OMG in my opinion is going much higher and a little patience is all that is needed to break through some resistance zones.