OMG/USDT on the previous correction manages to find support at 0.382 - 05 fibs retracement. the current price also sitting at
the same Fibonacci levels. Stoch rsi on weekly about to flip bullish. The RSI on weekly is also at circa support (44%) the last 2 #OMG corrections managed to bounce from this level. OBV on weekly still on uptrend
might need some consolidation but I think should bounce.
i see this as BUY THE DIP!
invalidation point:
a break of the 0.382 fib level ($4.99)
the same Fibonacci levels. Stoch rsi on weekly about to flip bullish. The RSI on weekly is also at circa support (44%) the last 2 #OMG corrections managed to bounce from this level. OBV on weekly still on uptrend
might need some consolidation but I think should bounce.
i see this as BUY THE DIP!
invalidation point:
a break of the 0.382 fib level ($4.99)