I have been saying for months that OMG is a coin to watch when a rally is expected from BTC. My previous analysis about OMG was picture perfect, it had reached the target and since than it has been the low and have been making a higher low.
As for all coins, it all depends on BTC what the price will do, but i expect BTC to make a relief rally soon and OMG will also be on the coins that will outperform BTC.
For the stop the are 2 options, depending on what you want to risk and you position size. The blue trend line could be use or the low of a few weeks ago. Target are is clear.
As for all coins, it all depends on BTC what the price will do, but i expect BTC to make a relief rally soon and OMG will also be on the coins that will outperform BTC.
For the stop the are 2 options, depending on what you want to risk and you position size. The blue trend line could be use or the low of a few weeks ago. Target are is clear.
Note
My previous analysis of OMG :)
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Get a breakout soon from this triangle, up or down, but probably up.Don't forget to like guys
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Still inside the triangle for now, almost broke out but just fell shortTrade closed: target reached
I have closed my position, targets reached
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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.