A lot of alts making similar fractals now pointing down. Good location for a short position with a stop above fakeout of triangle.
This is a huge red flag for me. I really believed the market would boost OMGUSD to a 2nd higher high, but that doesn't seem to be the case and instead there's low volume and it was sold off right after. Can anyone explain this activity?
Hello, Traders. OMG seems to be breaking the short term downtrend line but wait, we are seeing this pattern a lot after a strong uptrend movement the price seems to be topping and doesn't continue the uptrend movements. On Intraday timeframes the Entry point is only above this accumulation.
BITFINEX:OMGUSD BULLISH DIV ON 4HR OMG COULD GO FOR A RUN HERE
Let's be real - there is a whale that controls the entire OMGUSD market. We recently broke through a resistance line and there was 0 sell pressure. At the same time, it looks like BTCUSD is not doing well. We also know that OMGUSD does well when BTCUSD does not. Even though the price is dropping, the RSI looks like it has higher lows. I wonder if it is about to...
Low volume. Maybe it's just a start of things to come? OMGUSD likes to pump when BTCUSD dumps. The volume does not impress me though.
Tether gonna be moving volume to OMG Network, volume finna pop out the roof on their network, trend gets me rock hard
Hello Traders, The bullish momentum remains on OMG after the price broke a descending wedge, and start a bullish accumulation pattern on intraday of 1h timeframes. We expect the prince continues the strong uptrend movement. Moon target, it is the short term last movement projection Best regards, Sandro and Gustavo. Feel free to visit my pages if you would...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6065). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6065). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Good time to buy in right now. We are oversold and retouched the low while the RSI is a lot higher, which tells me selling is most likely done for now. I expect another retest of the resistance today. Price: 1.47 Goal: 1.53
Decent volume. Seem's like the RSI is being rejected at 30 and someone does not want it to fall too fast. I'm surprised it hasn't hit the 1.51 range. I expect a short-term bound to 1.6. The RSI seems like it's itching to bounce up.
A breakout of the triangle to the upside was swiftly rejected. Small volume. I'm expecting a drop to our recent low. However, it seems that someone has been defending the price at the 1.58 - 1.60 range. If it broke through, I'd assume they'd be forced to sell.
We know that in cryptos eventually everything looks the same. Most alts will be above january levels before this run is finished. That's a great indicator. Then there are ZONE pumps where something pumps more than others, right now it looks like that the coins that pumped lesser in january pumps higher now, but everything reaches the level of highest pumping coin...
Looks like a failed pump to me. Was pumped, but I see a steady sell off by a whale afterwards. Looks oversold to me though. Expected: Short term relief of the sell off. Short term: Long Overall: Short
Buy range $1.52 - $1.53. We're currently in a sell off. The recent bump today is just relief from the constant selling.