If BTC don't highly dumping, OMNOM could return to trading range within a few weeks breaking a three-month downtrend which is about 70% . Return to the previous local high is 1,100% . Also, we can interpret this candle as a Bullish Pin Bar with some consolidation or a Hammer. Here, sellers could lose control over the price and there is a high probability that we will see a trend change.
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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.