OMG has seen a large run up in the lat month and needs to correct. The general trend seems to have topped out with 200 EMA trending downwards and price below it. BTC Gold is coming Oct 25 alts will be sold into BTC so people can get their free BTC Gold. If BTC falls below $3000 we can see OMG price hit the major demand zone in the next 4 - 6 weeks. If BTC manages to consolidate through hard forks then the mid range support will be more likely, even then big corrections are not uncommon even for big cap alt coins (NEO & STRAT come to mind).
In the longterm I see this coin being a great longterm gainer. In December there will be fundamental news for OMG.
Thanks for the read.
Trade at your own risk, this is not financial advise.
In the longterm I see this coin being a great longterm gainer. In December there will be fundamental news for OMG.
Thanks for the read.
Trade at your own risk, this is not financial advise.
Note
I wanted to share this symmetrical triangle. Not sure if it is still relevant. We would need to see some buying volume come in tomorrow to stay in this triangle.
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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.