OMG/USD descending trendlineBreaking this descending trendline would be bullish in my opinion. Stochastic RSI and MACD are looking good to try an upward movement. I doubt this can by typified as a falling wedge but I included the lower line nevertheless.
Omisegousdt
OMGUSDThe purchasing area from $ 1 to $ 3 is very interesting for long-term trade
To play for a fall is dangerous only with a short stop
With such indicators we will not go far
OMGUSDDouble top or triple bottom?
The triple bottom is a simple reversal figure of technical analysis which consists of three minima and presages a price increase
It all depends on BTC if you manage to hold above 7800 then the OMG will form a triple bottom and you can expect the test of the line and the channel resistance
If Bitcoin does not stand then a breakdown of the support line will follow and a double top will form with a break through the support line
Why did not OMG keep it?On 3days timetable it is clearly visible how OMG formed the head and shoulders, which is confirmed by volumes, breaking the basis and the most important price level 7.7-8.3.
Therefore, if the test of the price zone 7.7-8.3 or the basis in the area 9.7-10.4 will be successful - then I wait 3-3.5 $, and then possible and 1.4
