OMG - will you hold!?
Possibly one to keep an eye on either way:
OMG released a new roadmap - but it does not seem to have done much to price so far. Hae to tried to read it? This weeks earlier retracement was spotted in advance and now I am wondering if the long-term buy support is going to hold above the approx 7 dollar range (cluster of darker blue lines)?
Price for several ALTS is still trading within the long candle from the snapshot night (pink red lines). A breakout from this range may suggest the same distance in either direction.
We are still being held by the downtrend and are being held by the volume support (pink) ... but I fear when volume support goes horizonal as to it's ability to continue that support.
So what have we here? Several candles may signal a price flip in the next few hours/day ... BUT they have not completed. Such a potential retracement (if only small due to being so oversold) unless it breaks out of the long candle is probably only going to remain inside the downtrend pressure. If support does not hold, sooner or later, we may have a dip to 6 dollars or below to the only decent fresh supply (light thicker blue lines) I can find. Such a low price might be a great buy?
All the best.
OMG released a new roadmap - but it does not seem to have done much to price so far. Hae to tried to read it? This weeks earlier retracement was spotted in advance and now I am wondering if the long-term buy support is going to hold above the approx 7 dollar range (cluster of darker blue lines)?
Price for several ALTS is still trading within the long candle from the snapshot night (pink red lines). A breakout from this range may suggest the same distance in either direction.
We are still being held by the downtrend and are being held by the volume support (pink) ... but I fear when volume support goes horizonal as to it's ability to continue that support.
So what have we here? Several candles may signal a price flip in the next few hours/day ... BUT they have not completed. Such a potential retracement (if only small due to being so oversold) unless it breaks out of the long candle is probably only going to remain inside the downtrend pressure. If support does not hold, sooner or later, we may have a dip to 6 dollars or below to the only decent fresh supply (light thicker blue lines) I can find. Such a low price might be a great buy?
All the best.
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