Blackwave

OMG could go either way

Blackwave Updated   
BITFINEX:OMGUSD   OmiseGo
I'm still very new to chart analysis and crypto in general but this was something i whipped up. imo OMG could go either way. safest bet is to HODL but some swing trades could no doubt make you some extra cash :)
Comment:
made a good bounce off our short term support and are now sitting above $9, slow but steady growth occurring. Break above $10 and we will head upwards before meeting resistance tops us between $11.00-11.50
Comment:
nearing the intersection between our short term support line and downwards trend channel. I expect big movement within the next few days. In which way? I'm not sure, i think an upwards swing is more likely at this point rather than a continuation downwards
Comment:
good breakout of the channel on the 1 hourly charts. jumped to $9 and is now sitting just below it. next few hours will be critical to see if it can stay out of the channel. Movement up to $10 will confirm a breakout and we will be going full bull mode
Comment:
OMG has being holding quite well after breaking the downtrend channel. provided there are no sudden flash crashes in the market i expect OMG to slowly but steadily grow upwards
Comment:
OMG still performing well and heading towards $10. Will take approximately a week before it hits ATH's
Trade closed: target reached
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