It has lasted some days before OMG had enough momentum to break through resistance at 21.50$.
But then it took only one day to break this line and to climb higher.
Next aim is fib retracement at 161.8% (31.4$). It wouldn´t be surprising when the price bounces back.
indicators:
RSI: a little bit overbought but not seriously
MACD: positive!
ADX: Momentum coming back and +DI positive, while -DI is falling = positive
For the moment: the trend is your friend!
stop at old resistance = now support (21.50$)
But then it took only one day to break this line and to climb higher.
Next aim is fib retracement at 161.8% (31.4$). It wouldn´t be surprising when the price bounces back.
indicators:
RSI: a little bit overbought but not seriously
MACD: positive!
ADX: Momentum coming back and +DI positive, while -DI is falling = positive
For the moment: the trend is your friend!
stop at old resistance = now support (21.50$)
Trade active:
OMG has left trend channel to the upside but is now back in channel, so it was a false breakout and the former trend stays active
Trade active:
What a pitty, OMG has been on a good way, even if there have been some deceptions (consolidations). But with the last crash of all coins OMG has lost its momentum. I think it´ll last some days to regain the older highs.
Stay patient.
Stay patient.