Will OMG form a cup? Target date shows Nov 2019
Updated
OMG has been in a huge downtrend along with the rest of the market. We can see that it has found a level of support (for now), however, we aren't all that far from the all-time low.
Obviously, there are many paths OMG can take, along with fundamentals being a bit poor at the moment (I don't think the Dev's are delivering on the project in respect to the potential it has/had.
This running is essentially based on the market as a whole turning around and the assumption that we are at a low. There is plenty of room for a further drop so stay safe and use protection!
Obviously, there are many paths OMG can take, along with fundamentals being a bit poor at the moment (I don't think the Dev's are delivering on the project in respect to the potential it has/had.
This running is essentially based on the market as a whole turning around and the assumption that we are at a low. There is plenty of room for a further drop so stay safe and use protection!
Note
RSI and MACD were both bottomed out and in an uptrend which is what makes me think a bottom here could be in.2nd half of 2019 could be alt season while BTC stays range bound in the 2.5k - 4k range
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.