I look for enty for OMG here as i believe it will be a good longer term investment. Here we see some divergence developing with the BB% and we eventually see a pull away from the lower bollinger band, but its been very slow and still hasn't gone positive with weak volume. The AC oscillator is coming close to the zero line signifying a possible change in trend and we are at the very top of the current channel. We sit against line of monthly resistance now so in order to consider a buy in, I want to see a closing candle outside this channel, and then I want to see if we can see a push past the 20 period moving average. If we can not break through the channel or unable to break through the lines of resistance here, the next line of possible support isn't until 134375 SATS so I would wait to see if we get the trend change there before considering entry.
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We have Omisego starting what appears to be a new bullish trend here as we have passed over the 20 period moving average with a strong candle and closed above the last line of resistance. AC Oscillator is over the zero line though I am wary if volume will hold as the OBV is only slightly positive. I am making an entry here though at around 0.00151529 sats setting a stop loss for 0.00140837 in case we see a reversal.
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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.