OMG: Pullback in Uptrend
OMG Network (OMG) technical analysis:
Trade setup: Price broke above $2.00-$2.10 resistance zone with massive volumes and reached $2.50 resistance, the highest level since Sep 2022. Pullback near $1.50 support could be a swing entry with $2.00-$2.50 upside potential. Wait for Momentum to inflect bullish again (MACD Histogram rising) to indicate that price has found support and could swing back up.
Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $1.50 (previous resistance), then $1.00. The nearest Resistance Zone is $2.00 – $2.10, then $2.50.
Trade setup: Price broke above $2.00-$2.10 resistance zone with massive volumes and reached $2.50 resistance, the highest level since Sep 2022. Pullback near $1.50 support could be a swing entry with $2.00-$2.50 upside potential. Wait for Momentum to inflect bullish again (MACD Histogram rising) to indicate that price has found support and could swing back up.
Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $1.50 (previous resistance), then $1.00. The nearest Resistance Zone is $2.00 – $2.10, then $2.50.
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