OMG is on the move again. See the chart for targets. If you buy now, it's gonna be risky so always be cautious when trading OMG as of now.
OMG has just broken out of it's current consolidation and seems to be a continuation of it's previous trend. It has broken out above the 100MA, and the volume oscillator shows big volume, RSI peaking on hourly charts. We should see a slight retrace, but overall pattern looks bullish.
Ascending wedge (bearisch) transformed into ascending channel (bullish)?
So we broke past the all time high and is creating a new one. Now, we're looking to reach the Take Profit target as indicated in the chart above. After this wave, OMG's price could most likely settle above in the new area near the TP zone.
Just waiting how the market correction will affect OMG. Higher Trend line is decisive at the moment. After a bull run we can expect correction to the Fib levels. Possible bearish wedge. Any idea how to trade? Please share. Thank you for watching. Good luck and peace!
Bitcoin isn't the only cup and handle out there. This recent ICO OmiseGO promises to decentralize an exchange. They seem to be further along in the company creation cycle due to the fact they already play a role in the Asian Fintech space with several large clients with their payment processing house. Vitalik wants this one to work as you see his computer has...
Pun intended. Haha. OMGUSD seems to form a double bottom. Still, its price movement is dependent on BTCUSD. See my analysis on BTCUSD to know the price movement.
OmiseGo looks pretty good. You can still buy it cuz it's cheap. Once it breaks red resistance line it's unstoppable. If it leaves the trendline maybe wait a while. But the Trend is new an it looks like a very long trend. If you have some OMG then HODL!!