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Omgcoin

The beginning of the uptrend in Wave 3 with target of $ 40 The first uptrend ended in the range of $ 9.82, in continuation, the corrective movement of that has finished in the range of $ 1.96. By drawing the channel line, we can set a $ 40 target for this token. In the daily chart, the first 5 ascending waves which were able to cross the end of wave B, confirms the uptrend (wave 1) ( Daily Chart ) In the 240-minute chart, the first wave count from the uptrend waves and its corrective movement has been specified. By crossing the price from the specified trend line, we can get the confirmation for the uptrend. Needless to say, the main confirmation can be received by crossing the price from the range of 6.94, which should cross this range with 5 ascending waves. *Finally, my personal strategy: I will go long when the trend line is broken.
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by NirmataFX
OMG hitting critical resistance with high chance of breaking outFundamentals 1. Collaboration with DAO forming an alliance with MakerDAO which will improve and ensure the future decentralization. 2. Significantly, OMG cryptocurrency is built on Ethereum blockchain and achieves the highest scalability levels while at the same time enabling transparent peer-to-peer transactions that are fast (real-time) and secure. The decentralization feature is developed in a way that it can facilitate global sovereignty of every individual. 3. Overall the bitcoin market is in a highly probable sustainable recovery, with market expecting big investment houses to give the crypto market a boost. Technicals 1. Hitting the major trend line , within next few hours we should know if the price is able to break through the major resistance. 2. Rising RIS and MACD.RSI not as over bought as compared to last night. 3. TP:15.5 SL:12.5 4. Executed half trade size at 13.33. *Conservative traders can wait for a clearer break above trend line before executing.
BITFINEX:OMGUSDLong
by D_Market_Outlook