OMGUSD could rise...
Hello guys,
in this period the volatility for all the biggest cryptos is particularly low end this setting is consistent with a rise of all sector.
In this environment the only out of tune is volume, low for all the principal cryptos, exepting EOS.
Looking at different chart I've focused my attention on OMGUSD: it is trying to complete a 1-2-3 formation.
In fact if it's able to break $12.40/50 area, corresponding to a resistance area and the highest point of the formation, it could surge with first target
to $14 where we can find daily 200 MA and then to $14.8/$15 area, where there is a resistance area.
Indicators are setted to drive the increase.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
in this period the volatility for all the biggest cryptos is particularly low end this setting is consistent with a rise of all sector.
In this environment the only out of tune is volume, low for all the principal cryptos, exepting EOS.
Looking at different chart I've focused my attention on OMGUSD: it is trying to complete a 1-2-3 formation.
In fact if it's able to break $12.40/50 area, corresponding to a resistance area and the highest point of the formation, it could surge with first target
to $14 where we can find daily 200 MA and then to $14.8/$15 area, where there is a resistance area.
Indicators are setted to drive the increase.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
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