Looking to be near the bottom of the bear channel where it crosses the old bull channel and 5th wave - looking for reversal soon back to bull movement. Will be breaking entry orders down until reversal
Rise showing a slight downtrend to test the 78% fib again, or just above. Other indicators confirming down movement with possible reversal incoming, but that reversal signal is still in it's early stages, which confirms down trend further.
ADX looks to have hopefully found it's latest bottom. It's finding resistance at our past crash fib. All other indicators showing signs for possible reversal, and it being in a buy zone. If we come back up to test the resistance at the previous 100% fib we should see it crack through continue it's movement up to next resistance levels.
I personally and loading...
Here are my thoughts on OMG as of today. We are looking for a small retrace from the 38%. It recently found it's new bottom and has tested the 38% fib a couple of times. After this next minor retrace down, we should see it come test 38 and break through making it's next movements to the next resistance.
BTC is back testing the last support line. We are wanting to see it break the current down trend and at least see it make it's way back up to the VWAP.
The MACD and RSI look like they could be making a turn back up soon as well.