OMG looking ripe for a bounce in tandem with my linked BTC thread. This analysis assumes BTC will bounce. BTC collapse = OMG collapse, but I think the bounce is on. BTC could have a flash dump before the bounce and that would be reflected in OMG chart, but I am allowing for that in my entry.
OMG seems a good choice to trade for a bounce:
Not advice.
OMG seems a good choice to trade for a bounce:
- Daily RSI is overbought and showing some hidden divergence.
- MACD is curling up with histogram moving well above the 0 point.
- Price drifting sideways.
- OMG has not been affected by recent bearish price action in stock indexes.
- OMGBTC printing bullish divergence.
Not advice.
Comment:
Might see a re-test of the trendline but OMG appears to be breaking out.
Comment:
And has broken above the daily BB basis line for the first time since $17 = bullish.
Comment:
closed above*
Comment:
Blue Guppy breakout.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
