OMG showing signs of reversal at the lows
Omisego (OMG) has been trending down since announcing their USDT integration back in August 2020.
Price has returned to the lows that marked the breakout point of the previous bullish cycle.
Confirmed divergence on MACD and RSI on the daily.
Buy volume is picking up at these levels, indicating that buyers have once again taken interest in this token and are putting a floor in the market.
With BTC dominance rolling over and ETHBTC confirming another bullish close on the daily last night, this one looks primed to join the party sooner or later.
Any break of the lows would invalidate this idea.
We've outlined some resistance levels above where we expect to see consolidation on the way back up.
Price has returned to the lows that marked the breakout point of the previous bullish cycle.
Confirmed divergence on MACD and RSI on the daily.
Buy volume is picking up at these levels, indicating that buyers have once again taken interest in this token and are putting a floor in the market.
With BTC dominance rolling over and ETHBTC confirming another bullish close on the daily last night, this one looks primed to join the party sooner or later.
Any break of the lows would invalidate this idea.
We've outlined some resistance levels above where we expect to see consolidation on the way back up.
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