Long
OMG - Time For A Bounce
OMG looking ripe for a bounce in tandem with my linked BTC thread. This analysis assumes BTC will bounce. BTC collapse = OMG collapse, but I think the bounce is on. BTC could have a flash dump before the bounce and that would be reflected in OMG chart, but I am allowing for that in my entry.
OMG seems a good choice to trade for a bounce:
Not advice.
OMG seems a good choice to trade for a bounce:
- Daily RSI is overbought and showing some hidden divergence.
- MACD is curling up with histogram moving well above the 0 point.
- Price drifting sideways.
- OMG has not been affected by recent bearish price action in stock indexes.
- OMGBTC printing bullish divergence.
Not advice.
Note
Might see a re-test of the trendline but OMG appears to be breaking out.Note
And has broken above the daily BB basis line for the first time since $17 = bullish.Note
closed above*Note
Blue Guppy breakout.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.