OMG is seeing a very bearish pattern playing out - ascending wedge! This pattern is shared with many other altcoins, alongside bitcoin forming a head and shoulder pattern on the 4-hour chart the overall market direction is pointing downward!
I believe we will see downward movement for the remainder of the month before we head back up nearing the later half of the month - could be a great opportunity to load up on some cheaper coins!
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.