Long

OMG - Small Dip then Moon

Updated

Oversold on the RSI, Stoch RSI has bearish cross. Forming an inverse head and shoulders pattern. Hold off on buying for a couple weeks and watch for the shoulder to form. I'm hoping for a dip of about 10%. Remember, with another crypto bull market beginning to form, pumps can happen very quick, so watch closely! Or, buy now and stay on the safe side, we will see some serious gains soon. :)

OMG has been on a lot of peoples watch list since its release. 2018 will be a big year for OMG, with the wallet and staking going live during Q2 this year. When it first released, the hype for OMG was huge, but it slowly died down. With the live product coming closer and closer, expect that hype to build back up, as well as staking to remove portion of the token supply being traded.

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Just realized the chart did not post correctly, sorry folks.

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Right shoulder target should be ideally in the mid-high 0.00150's, afterwards expect a breakthrough through the neckline

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Breakout today, bounced right off the neckline and fell back down to the bottom of the shoulder where it had support. 4h RSI bounced of the same resistance as before. 4h MACD looking to form another bearish cross. Still looking for the shoulder target.

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Looking like a bulltrap - still a risky buy, I think.

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Chart has fallen back into right shoulder pattern and bounced off the bottom. We have come up a little since, but I expect it to fall at least one more time before reversing. Ideally we would want the 1d RSI to touch the oversold line. The last two huge moves by OMG occurred after doing so. Also waiting for a cross on the MACD for confirmation. However, we are lower than the previous shoulder and have a bullish cross on the stoch RSI, so be ready for a price increase. I do expect the price to go a little lower, but now might not be a bad entry. Either way, expect big gains from OMG over the next little while.

green_brow

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