OmiseGoShort
A Breakdown OMG!
Updated
I honestly have no idea what this coin is other than one with a funny name but it is among the high market cap cryptocurrencies so I put it in my Tradingview signals alerts for potential breakouts. While the other big coins have experiences a nice run upOMGUSD has definitely lagged. Now it is setting up a rather clean breakout of a consolidation according to my metrics. If it breaks the consolidation it will also be breaking the 50% retracement of 3.2394 which is the halfway point of November's price action. This should trigger a retest of the bottom. So if a trader is looking to hedge a potential selloff in the space this would be my pick.
OMGUSD has definitely lagged. Now it is setting up a rather clean breakout of a consolidation according to my metrics. If it breaks the consolidation it will also be breaking the 50% retracement of 3.2394 which is the halfway point of November's price action. This should trigger a retest of the bottom. So if a trader is looking to hedge a potential selloff in the space this would be my pick.Order cancelled
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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