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OMG

OMG bounce with bullish divergence?OMG looks to be approaching a good opportunity for a bounce off of a previous trend line right around the long term 61.8% Fibonacci retracement area. This looks like it might be confirmed by hidden bullish divergence on both RSI and MACD for a continuation of the bullish trend. I recently published as well how there was a double bottom for OMGBTC that looks to still be possible for a breakout with strong potential resistance afterward. If indeed there is a bounce and potential breakout, it could be some fairly positive news for OMG over the next few weeks. However, if the support fails for that trend line, particularly if BTCUSD drastically drops, then OMGUSD could likely follow with a rather precipitous drop as well. However, there are still lots of bearish thoughts going around right now for BTC, so please like if you agree or comment or see anything differently, as I would love to hear any counterthoughts as well.
OLong
by crypto_trends
5
$OMG - can it push higher ?$OMG has bounced gracefully on the support at $7, if it can reclaim support around $8.5, then we cas see an uptrend continuation toward previous highs of $11. We can expect $17 as a short - mid term target (if uptrend continuation is confirmed). Long term target should be around $24-28 as the previous ATH back in 2018. OMG Network has a lot of fundamental going lately and a limited supply, if the project delivers as expected it can be a very long term play to HODL ($40+)
KRAKEN:OMGUSDLong
by DeCryptedTrading
OMGBTC double-bottom, wedge challenge?OMGBTC recently had a near breakout from a double bottom w-pattern a few days ago (blue dotted lines). It has since started to retrace (as is common with a double-bottom breakout), however, if it does in fact continue to break upward again, there is some interesting resistance right around the corner. Since 2018, a descending falling wedge has been forming for OMGBTC that has forms a vertex right around the beginning of 2022. Hence there is a possibility for a rise up out from a double bottom breakout to reach up to this wedge in the short term. From there either another push back downward or a breakout can be expected, but it should be interesting which occurs with how soon is the date for the apex of the wedge. It looks like OMGBTC might be a few weeks away from this point, but the direction change to challenge this wedge looks like it may occur in the next few days (if the trend does in fact head upward, as BTC Dominance has recently shown that BTC could also take over in this relationship soon, see my other post for details). Either way it looks to be another point to keep an eye on.
OLong
by crypto_trends