OMG coin gave a breakdown few days back and approached to another intersection point of support and resistance. There is a tough fight between the bulls and bears. Know more at the under given link
The technical chart of OMG Network highlights the significant retracement faced by the price levels after touching the critical resistance area of $5.00. The price levels went straight down to the critical support area of $2.50 resulting in almost 50% retracement. The support level did provide a positive bounce back to the support levels and during the current...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGUSD 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...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6065). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGUSD 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....
Technical analysis:
. OMISEGO/DOLLAR 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 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (7.00 to 5.50). if so, traders can set orders based on Price Action...
Technical analysis:
. OMISEGO/DOLLAR is in a downtrend 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 41.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. There is...
Technical analysis:
.OMISEGO/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (12.50 to 10.07). if so, traders can set orders based on...
Hello everyone,
OMGUSD has been on a run since the last drop. The patter as a whole is bearish. It has dropped almost 50% from its ATH - the correction phase. And make no mistakes the correction phase is still ON. The forming wedge patter is another sign that the drop is inevitable.
The wedge pattern will be proven wrong if the OMG/USD crosses the $15.2 mark....
Head and Shoulders pattern. If it breaks below $13 - $12.5, then can slide all the way till $7- $8 ...before finding support or news to come up. There are chances that it can make a bottom at $13 level and change trend by 2nd Feb or 3rd Feb 2018. Look at my prediction for BTCUSD during Dec'17...when whole world was dreaming high :)
