OMG Network / BitcoinUpdated $OMG heading back to accumulation zone?
I have no idea about this coin, just looking at it and noticed similar pattern you can see in all new coins.....
After launch, some while easy going (accumulation), prepump, accumulation,pump and dump back to the accumulation zone.
I'm not predicting its going back down all the way, but I think it has a good chance to do so. You can find these movements all over the place.
Let's see!
After launch, some while easy going (accumulation), prepump, accumulation,pump and dump back to the accumulation zone.
I'm not predicting its going back down all the way, but I think it has a good chance to do so. You can find these movements all over the place.
Let's see!
Note
Nice breakout and making new highs, but.....There is bearish divergence on RSI and MACD, therefore we could see a test of the yellow trendline which gives good idea what's next
Note
Another move up and still not breaking the trendline, but it didn't make new highs.Therefore, I'm still looking for (C) if it breaks the trendline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.