Do I know if OMGUSD will pump back up to $2? No, I'm not a whale and I have no idea. Do I know if OMGUSD usually drops after entering this range? Yes. There's still room for OMGUSD to hit $1.6, but we are in a sell zone.
I'm bullish short term, but bearish long term. My long term buy goal is $.10
We are testing this resistance line. If it breaches, that's bad news.
There's room for a 10% pump or a 26% drop.
Near long term resistance, under sell off resistance, RSI has higher lows. Good buy opportunity.
Looks like it's mostly to the upside, but I wouldn't be surprised if we hit low 200's again. There's still a 10% difference between the 2 resistances so we'll see how long this pattern can hold on.
This is a huge red flag for me. I really believed the market would boost OMGUSD to a 2nd higher high, but that doesn't seem to be the case and instead there's low volume and it was sold off right after. Can anyone explain this activity?
I think we've found the short term bottom. Depends on if BTC is positive of course. Goal: $600
Just calling it how it is. Potential double bottom from .12-.10? It's also almost oversold on the daily RSI so it's possible to have a higher low.
MKRUSD's movement has been very confusing for me.. It doesn't seem to react much to BTC so just a guess long term.
Let's be real - there is a whale that controls the entire OMGUSD market. We recently broke through a resistance line and there was 0 sell pressure. At the same time, it looks like BTCUSD is not doing well. We also know that OMGUSD does well when BTCUSD does not. Even though the price is dropping, the RSI looks like it has higher lows. I wonder if it is about to...