OMG a clear hidden love and interest for this coin,Med term down

BITFINEX:OMGUSD   OmiseGo / Dollar
I have been watching this coin for a while now, this would be the first coin i would buy IF there is a moment after a big crash where i think the market could make a relief rally. This one has outperformed BTC many times and with great numbers. But for now it is making bearish patterns, indicating it will go lower. The red area is a clear resistance, the green area is what i think is the target for this flag.
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Bought the remainder of my OMG position today at 8ish.
Great post. I started accumulating today in the mid 8s. I suspect any purchase today will be profitable over the coming days and/or weeks.
botje11 stckpkr7000
@stckpkr7000, Good luck, looks like today we will hit the low for the coming days
+1 Reply
@botje11, where do you see OMG trading to after a bounce? OMG does tend to out pace BTC (as you said above) during strength.
your upper black line, make it horizontal and you have a bull flag
botje11 TheDudeForex
you probably mean a rising triangle? It doesn't matter wether it's a flag, triangle, wedge or whatever, TA is not about that. It's about the the stage it's in and the context. In summary, which story the bigger picture is telling you
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