OMG/USD is trying to take out the resistance levels.
Note
OMG/USD has started a minor increase after the failure to test and retest the WL1 of the descending pitchfork. It has managed to pass above the SL but it has found a temporary resistance ay the 250% line. You should know that this rebound could be temporary if the rate will make a valid breakdown below the warning line (wl1) and below the 78.6% level, so the next downside target it will be at the uptrend line. It could increase from here only if it will make a valid breakout above the 61.8% level.
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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.