After the drop OmiseGo' shows us a pretty solid price action from the strong support and currently we are starting to fight with the round number ($4) and with the trendlines which are pulled from the 4h chart.
The bounce came from the trendline which is pulled from the bottom (2018 low) and second touch 23.08.
This trendline holds us almost perfectly! On the trendline area, we got after the drop a very nice candlestick pattern which is "Hammer" and doji after doji which also indicates that the trend may turn around.
Also, we have a nice harmonic pattern called "Cypher" which matches exactly with the trendline!
So, if the Bitcoin' starts to show us some bullish signs then we can be almost certain than OMG' starts to make higher highs!
Hopefully, this quick overview helps You out a little bit to confirm Your own analysis!
Please, don't forget to LIKE!
Thank You for your support!
Have a nice day!
The bounce came from the trendline which is pulled from the bottom (2018 low) and second touch 23.08.
This trendline holds us almost perfectly! On the trendline area, we got after the drop a very nice candlestick pattern which is "Hammer" and doji after doji which also indicates that the trend may turn around.
Also, we have a nice harmonic pattern called "Cypher" which matches exactly with the trendline!
So, if the Bitcoin' starts to show us some bullish signs then we can be almost certain than OMG' starts to make higher highs!
Hopefully, this quick overview helps You out a little bit to confirm Your own analysis!
Please, don't forget to LIKE!
Thank You for your support!
Have a nice day!