Any break above the resistance line could prove to be a bull run. Otherwise, put buys near the bottom of the support line.
Note
OMG broke through the resistance last night/early morning (23.10.2017 UTC) and went up against the 2nd resistance line before trending back down. It now has a narrow trading band between the former resistance line and the new one. My hunch is the new support line will be a bit above the old support line. Any news catalysts from OmiseGo or a squeeze on BTC could cause OMG to break the new resistance line. — Suggestion: Slowly accumulate with soft stop-limit orders.Note
Looks like OMG hit a bit below my predicted support line and bounced back up.
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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.