Multi timeframe price action analysis on OMGUSDT, comment below anything you would like me to update next.
My analysis of OMGUSDT for 25th-26th Dec! Your feedback is highly appreciated!
Hey guys, we are doign a quick update on OMG. You are in profit and waiting to move SL to break even. We are waiting to confirm the resistance zone (6.30) as support and move towards targets. Or we are waiting for a retracement again for loading more-- assuming you missed the initial opportunity or can afford it (risk wise).
We are a few candles away from receiving a confirmation (if that is what is provided). We need a bullish context before we look for entries anyway.
Guys thank nazim for recommending this coin! Here is an update and moving trade to break even to extinguish the risk. We need to break through the resistance zone listed before we can have a run upwards our target! GOOD LUCK! and be safe guys!
Thanks again Naim Thomas for the suggestion! We are trading above the previous structure and currently waiting for a confirmation. With targets, we can expect a 300% to at TP1. However, the 8.50 mark might give resistance as it was the previous monthly sturcutre. Dicy trade, but with crypto sentimental at the moment we are passing a bullish bias.
Bull flag is forming, so if it breaks up, we can get a 30% climb. Be patient and vigilant!