OMG Will Have You Sayin' "OMG"Clearly OMG has broken out on the BTC pair. Currently back above the 200 DMA and this should be a fun ride over the next 3-4 weeks. Measured move takes it back to late August 20 levels. Priced in USD that would be $26-$32.
I am primarily a swing trader so I'll be holding on for the whole move. Critical levels are marked in dotted yellow lines for those of you more inclined to take profits.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Omgbinance
OMG/BTCOMG/BTC
-OmiseGo just painted a bearish Lower High sign
-And will likely to shift into a short term downtrend market
-If the 4600 sat range will not hold, the next support is at 3958 sat
-This level is a confluence of 0.618 Fib area and 50MA dynamic support
-I recommend opening Buy orders only if Bullish signs are seen
-Take note of the downward resistance acting as a short term barrier
-Once OMG breaks this resistance line, chances of reversal are high
-Be patient and wait for the right opportunity
OMG/BTCOMG/BTC is seeing a long-awaited break out above this old trendline, suggesting a strong bullish move up is imminent. As volume continues to increase, naturally, we are bullish on this pair. Oscillators and moving averages are also reading bullish; we believe that a daily close above 920 sats would be significantly bullish, leading to the potential upside. Feel free to use our resistance levels as taking profit points.
- Happy Trading, Fat Pig team
