Insufficient longs to break the overall trend resistance created from a whale pump,
your first support has been testing nicely but is overall in a bearish condition
The chance to break bearish circumstances within the bullish channel has not been met.
I forecast a return back down to 1.50 with weak hands selling at 3.50.
The project is still doing well but under the overall market conditions we will see an accumulation at a cheaper price.
your first support has been testing nicely but is overall in a bearish condition
The chance to break bearish circumstances within the bullish channel has not been met.
I forecast a return back down to 1.50 with weak hands selling at 3.50.
The project is still doing well but under the overall market conditions we will see an accumulation at a cheaper price.
Trade closed: target reached
OMG is catching the minor support if a bears decides to enter this current position it will go back to 1.60-2.20 Range where smart money will continue to accumulate long positions.Note
OMG continues to follow its trend resistance nicely alongside btcs brief touch on support,omg will continue to flush the weak hands as anticipated and i will be entering long position soon.
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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.