OMG is fundamentally solid crypto that rose to fame in late 2017 being one of the early gainers in the 2017 bull run, ever since then 1120 days ago, OMG has been in a pennant formation and has broken out!!!
THIS IS HUGE! and many other coins such as wanchain are sharing similar patterns!
Bullish indicators - 1120 days pennant breakout - macd and ma cross upward - volume increase - red Ichimoku cloud break - similar pattern to ETH (3MONTHS AGO) before run to ATH
'Let me know what you all think!
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I think the biggest issue I noticed yesterday (EU Time) was an *enormous* sell wall of old liquidity around 5.5-5.6. I suppose volume is key in breaking that but given the overnight dip in the market do you think new ATH is possible in the short term for OMG?
MegaWhale
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@Jemkie, I think nothing is impossible in crypto - long term OMG is a very solid coin, I believe the overnight dip was nothing but a natural pullback and it doesn't change my opinion on the performance of OMG (:
As for the ATH we are seeing many coins reflecting the same pattern etherum had before reaching a new all-time high - if it followed the same pattern we could definitely see a new ATH before eoy - time will tell