OMGUSD appears to be in consolidation no cleat direction yet.

BITTREX:OMGUSD   OmiseGO / US Dollar (calculated by TradingView)
OMGUSD broke out to the upside from long term wedge pattern. 1st resistance 49% and 2nd resistance 73% gains are expected. Momentum appears to be absent with more consolidation ahead. Stay at sidelines until a clear direction is evident for a trade up or down.
Hoping to see $7 again for a quick scoop, but seems doubtful. With Eth surging towards new ATHs (and a subsequent sell-off) and the lack of official OMG news lately, I think we're heading into a perfect storm for it to jump way up (finally).
+1 Reply
@nfs5, Let ETH go up a bit more, OMG down a bit more and I'll dump some ETH into OMG...
zhuoyikang Throwaway_Money_SSS
@Throwaway_Money_SSS, ETH is going to high, no coin can always up.. if you already win some profits, take it and find another potential one..
+1 Reply
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