OMG, like most blue chip alts is following BTC, obviously. Personally I am bearish on BTC at the moment and believe that for OMG given the bearish MACD crossover and the overhead resistance line that keeps not being broken we are still in the same downtrend channel. OMG buying time is coming but we're not quite there yet...
this is all of course just for educational purposes and not advice one way or the other
@lrs1995, you may very well be right and as soon as that trend is confirmed I will happily cut my loses and jump right on the bull train straight to the moon but at the moment, I'm not seeing enough confirmation/volume to reverse whats been a bearish period
lrs1995
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@parkwil, Check the OBV on BTC ;) I use that to confirm trends.