Why did not OMG keep it?

On 3days timetable it is clearly visible how OMG formed the head and shoulders, which is confirmed by volumes, breaking the basis and the most important price level 7.7-8.3.
Therefore, if the test of the price zone 7.7-8.3 or the basis in the area 9.7-10.4 will be successful - then I wait 3-3.5 $, and then possible and 1.4

Note

I continue to wait $ 6.2 to trade a possible rebound

Note

After breaking through the most important price zone 7.7-8.3 we tested it. The buyers tried to break through the week, but only failed mistakes. Globally, I see only falling this coin up to $ 6.3-6.7, then up to $ 3-3.5 $
At the moment, there are no prerequisites for growth. The volumes are low.

Note

After the test 7.95-8.3 $ the price has gone to update the low. There are two scenarios:
1) the consolidation will continue between 6.67-8 $
2) Break through 6.67 and go to 6$
Global goals do not change

Note

OMG The targets are the same.

Note

OMG is very weak. If we try 6.5 $ - sure shorts

Note

OMG Buyers are weak. I do not see the reasons for the fall stopped.

Note

I will not buy OMG more than 3-3.5 $. It may volume that the signal for the purchase will be faster. But so far I can not see him.

Note

I am expecting a rebound from $ 3.45-3.6.

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P_S_trade

🎁 -20% on ALL trading fees OKX
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