Long

$OMG bounce back to $11.72-$12.60?

Updated

has had one of the worst drawdowns in altcoins since November. I lean towards a strong bounce to make up for the quick move down.

Over the next weeks/month(s), I think OMG should bounce back to retest resistance up in the $11.72-12.60 range.

I've marked out key dates for changes in price action. Entry at $3.79.

Let's see how it plays out.

Note

Just to be fully transparent, I exited all of my crypto positions after BTC just broke that low right now. I think there's too much risk that we fall further from here. I'll reassess the charts in May as I think that's when we'll see things shape up. Until then, good luck.

Note

Here's my reasoning for exiting. We'll need to see if this plays out from here:

$BTC $32k-37k needs to hold, otherwise $23k-29k is coming.

benjihyam

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