1. The red trendline has acted as resistance since Nov 2018. It has successfully identified local tops since.
2. Each of the last few pumps have been 600% +. Can it do it again in 2022?
3. The yellow line represents the 0.1 Fib level of the previous wave, it is where OMG has found support post each consolidation.
4. The green trend line has acted as support...
Technical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
....
