Long
#OMG time to buy !
OMG after a long HEALTHY correction through a WW pattern, OMG is turning bullish again
For these reasons:
- daily MACD is crossing after cooling down.
- Market found strong support at daily MA100. (in most cryptos daily MA100 is a huge support that can reverse market)
- Great news have been released
Breaking downtrend will give momentum and rally is highly possible
For these reasons:
- daily MACD is crossing after cooling down.
- Market found strong support at daily MA100. (in most cryptos daily MA100 is a huge support that can reverse market)
- Great news have been released
Breaking downtrend will give momentum and rally is highly possible
Note
Price bounces from previous downtrend and from 4hr - MA100.from resistance to support --> bullish
Note
As we can see also OMG/USD pair bounced from huge support daily MA100 and broke downtrend with a strong green candle.This confirms reversal and new target
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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.
Disclaimer
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.