OM has been in a symmetrical wedge for a while now, after dying down from its hype quite a while ago. It may be time for an upswing again after some heavy consolidation. Wait for the breakout of the wedge and find support around the $0.5 level. From there, we can expect healthy gains back up to near ATHs.
Note: This is a risky trade since this is a small cap coin and the project is in its early stages. Please do your own research. This is not financial advice.
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OM has broken out of the descending wedge. Wait for it to find support to confirm breakout.
@sondvptit Thank you! I would say take partial profits around the $0.635 level, then $0.81 (ATH-ish) would be profit level 2. But in the mid term we can expect it to go higher than that if markets stay bullish.
@WitWolfy This trade mentioned to wait for the breakout of the wedge and it finding support. We have not broken out yet, so if you enter early, you are taking higher risk.
MCMANSTER
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This didnt age well
RainyTrader
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@MCMANSTER This trade mentioned to wait for the breakout of the wedge and it finding support. We have not broken out yet, so if you enter early, you are taking higher risk.