We saw a minor break though of the ceiling as we watch OMG fall back into it's channel. As BTC rises, I would expect to see OMG stabilize around it's major support line and bounce back off, starting a potential new wave cycle. Keep an eye on volume as we approach the support line as it may indicate whether OMG holds steady or falls under to the next channel.
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.