OMG/USD Idea

The OMG/USD chart shows potential for more confirmation of upward movement. Red dotted line shows resistance from down trend on 1D chart that was clearly broken on November the 8th with good volume. Price fell from there to retest resistance turned support and bounced (also happened to coincide with the top of the cloud). We are now moving up through the cloud with a crossover on the MACD and a potential crossover of the Chikou span with the Kijun-sen (blue circle).

Watch for a candle close above the cloud with a confirmation of the Chikou crossover for a stronger signal, and expect resistance at $8.30. I love this little coin and always look for an opportunity to pick up more; I see good potential here.