OMG LONG - IF..THEN
After having seen a huge spike to the downside on many crypto pairs, chances are high that the month of December will present us plenty of decent buy opportunities.
Having a look at OMG, my area of interest is $10. If we see a clear break and close above the point of validation, the continuation would be confirmed. BUT there is also the possibility of a further move to the downside. That's why I'll be waiting for a break and minor retest, as I'm not interested in taking any shorts.
The projected target area is $16-$16.50
Having a look at OMG, my area of interest is $10. If we see a clear break and close above the point of validation, the continuation would be confirmed. BUT there is also the possibility of a further move to the downside. That's why I'll be waiting for a break and minor retest, as I'm not interested in taking any shorts.
The projected target area is $16-$16.50
Note
OMG looking good so far. However, I'd like to see a strong daily close above $10 AND an increase in buying interest, which is not really the case right now.
Note
Looks like we're about to break it finally! Buying interest is clearly increasing and price action looking impulsive too!
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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.