A week after our last analysis, OMGBTC pair, is still in range and overbought, however, rising triangle still formed, with possible entry levels on the chart. A break bellow triangle should trigger Stop-loss and could lead to next resisatance zone near 0.00129 IMO, it is more likely a break bellow support rather than a break over resistance because of RSI...
Seems like it can be a decision time, possibly go over the cloud and reach a new high =)
Clear break and hold of the upper trend line. Daily candle looks good as well. Added to position.
Channel getting tighter and tighter. Support at 0.00183491. Waiting for break of upper trend line to start scaling position. The next run looks like it could test previous all time high. Would like to see confirmation of bullish momentum on the daily chart as well.
MACD is has crossed over bullish, price action is coming towards the end of the triangle, RSI is currently in the mid range and strong support at the 0.382 fib. I see this dropping slightly again after price tests the top of the triangle once more but pretty confident it will break bullish. Volume is still a little low and I expect more to come in as it nears the...
Buy-in: 8.35$ Stop loss: 6.58$ Target: 14.65$
Great bull flag over several days, next two days will provide solid consolidation. Price will have no choice but to go up or down, and given the nature of OMG itself, the recent price trends and the tech behind it, I see it going nowhere but up. My entry would be around .00019600 for the next 12 hours or so, anything less would be a bit ambitious. Scale...
OMG is ready for a new big move. I would say it's 60-65% bearish. If OMG goes down it could make a deep run to 6.33 USD price level. Dont make any big trades untill the volume goes up and market moves one way or another!
BTC is still quiet and OMG has been brewing slowly. Time to buy at around 0.19 and sell at 0.22 if the volumes are there.
We may be seeing what is potentially an elliot wave ABCDE correctional pattern. Look for the price to bounce off of the support line off the triangle (which would be E of the correctional pattern). If it bounces you may look to enter just above the support line and look to sell just previous to the resistance line of the triangle. If the price cleanly breaks...
OMG gearing up for some price movement. Based on last last pennant break out we should see a +100K sats run if the volume shows up to play. Stoch RSI and MACD look good. Coinciding with the FA from the OMG "news," soon to drop we will most certainly see a nice bull run of FOMO and late to the party buyers,