Long OMG/USD RSI Turning, Fibonnaci, New Wallet Q1 2018
OMG has very solid fundamentals and is about to release its biggest news in Q1 (wallet release). It is adhereing to traditional TA and has a high enough market cap not to be easily manipulated.
It is currently in an upward channel that has held multiple times. ETH/BTC which is a strong indicator of alt future performance has bottomed out. RSI turning positive on the daily chart. All these are strong indicators of bullish momentum.
Take profit on strong resistance (TP1) followed by Fibonnaci TP points which worked well in the past.
Good Luck!
It is currently in an upward channel that has held multiple times. ETH/BTC which is a strong indicator of alt future performance has bottomed out. RSI turning positive on the daily chart. All these are strong indicators of bullish momentum.
Take profit on strong resistance (TP1) followed by Fibonnaci TP points which worked well in the past.
Good Luck!
Comment:
Broke resistance of 9 USD , with Vitalik posting that the OMG model is his model of choice, it is another fundamental catalyst.
Comment:
TP1 Done, took partial profit, looking for TP2 before re-entering at the previous resistance of 10.5
Comment:
TP 2 Done , great momentum for TP3
Trade closed: target reached:
All targets reached. Now that it broke ATH , expect a restest before move higher to 18.9 USD . Will publish a new chart soon.