My prediction for OMGUSDT is that the current uptrend will continue and as the price reaches the bottom line of the zone, it will face a resistance and drop down to the bottom trend line.
The zone is based on the daily chart.
This is one example of how the price might move in the 2H chart when applied FIB retracement levels.
However, price will not move so smoothly & cleanly like we wish it to be.
But I expect the overall trend to remain somewhat similar to the example.
Here is an alternative example if we adjust the zones slightly based on highs and lows.
Whatever the minor details of the trend might look like, it doesn't really matter because our fundamental strategy remains the same:
We enter at the price of 0.716, which is the price for the bottom line of the zone and exit once the price reaches the bottom trend line.
However, price will not move so smoothly & cleanly like we wish it to be.
But I expect the overall trend to remain somewhat similar to the example.
We enter at the price of 0.716, which is the price for the bottom line of the zone and exit once the price reaches the bottom trend line.
OMG is doing great for now, RSI is not showing any sign of overbought just yet so it's safe to say we are not at risk for the time being.