Is OmiseGo ready to blow?!
Updated
OmiseGo has been on my radar for some time, but how low can we go?
We have been in a downward channel tend for some time, currently sitting on a historic resistance, will we see a bounce off that at 0.000801
Quite possibly..
The next stop is 0.000453 and an ATL
OMG is a well respected token with some big news in the not so distant future, that is..
1. the COSMOS hardspoon, (new staking token for holders on cosmos DEx) (they will give a 2 week warning, I'd expect a very positive price action in this time) tokens will be removed from exchanges into wallets - demand will increase - ^price goes^
2. plasma release and staking (scaling payments on the ethereum chain) Potentially in Q3 but who knows
RSI has been oversold for 2 weeks
It seems people are forgetting about the huge potential this token holds as OMG don't shill us with their twitter and get on with their stuff.
Long term its looking like a pretty tidy buy right now, short term its hard to say where we can go
the time to buy is when there's blood in the streets? The question is how much blood will we see before this trend reverses
Let me know what you think+
We have been in a downward channel tend for some time, currently sitting on a historic resistance, will we see a bounce off that at 0.000801
Quite possibly..
The next stop is 0.000453 and an ATL
OMG is a well respected token with some big news in the not so distant future, that is..
1. the COSMOS hardspoon, (new staking token for holders on cosmos DEx) (they will give a 2 week warning, I'd expect a very positive price action in this time) tokens will be removed from exchanges into wallets - demand will increase - ^price goes^
2. plasma release and staking (scaling payments on the ethereum chain) Potentially in Q3 but who knows
RSI has been oversold for 2 weeks
It seems people are forgetting about the huge potential this token holds as OMG don't shill us with their twitter and get on with their stuff.
Long term its looking like a pretty tidy buy right now, short term its hard to say where we can go
the time to buy is when there's blood in the streets? The question is how much blood will we see before this trend reverses
Let me know what you think+
Note
Our potential resistance at 801 has been smashed through so I can expect us to potentially run down to 400.Bitcoin seems to be controlling the market with the alts totally out of favour, so long as the bitcoin doesn't brake below 6000 and stay there I'd say we`re looking good for going forwards. I can see bitcoin climbing higher now it has had it's pulled back
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