Buying Opportunity on OMG/USDT
We've identified a descending wedge pattern on the OMG/USDT daily chart. Notably, there's a breakout above the resistance level. Additionally, there's a bullish divergence on the RSI, further confirming the potential upward movement.
Entry Recommendation:
Consider a buying opportunity with a target price between $0.7 and $0.75.
Stop Loss:
Set a stop loss at the closing of a daily candle below the former resistance (now support).
We've identified a descending wedge pattern on the OMG/USDT daily chart. Notably, there's a breakout above the resistance level. Additionally, there's a bullish divergence on the RSI, further confirming the potential upward movement.
Entry Recommendation:
Consider a buying opportunity with a target price between $0.7 and $0.75.
Stop Loss:
Set a stop loss at the closing of a daily candle below the former resistance (now support).