csdailey

Signs of a pump?

Long
csdailey Updated   
COINBASE:OMGUSD   None
Let's be real - there is a whale that controls the entire OMGUSD market. We recently broke through a resistance line and there was 0 sell pressure. At the same time, it looks like BTCUSD is not doing well. We also know that OMGUSD does well when BTCUSD does not. Even though the price is dropping, the RSI looks like it has higher lows. I wonder if it is about to consolidate at the bottom of it's lower range and then scoop up for a pump.
Comment:
This is mostly a gut feeling. OMGUSD is in a downwards channel and it's at the upper range of that channel, which means it could easily drop.
Comment:
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