OMGUSD trade ideas
Pump, Accumulate, Pump- 2021 Roadmap Could a fib trend extension taken from July 2017 to September 2017 have had the answers to the future the entire time? A fractal of a December 2021/January 2022 blow off top like the last bull market in 2017, but this time I am applying the repetitive pump and accumulate pattern that seems to keep playing out in between key Fib Levels. Let me know what you are thinking is going to happen.
$OMG - can it push higher ?$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+)
OMG Price Gears Up for 20% UpmoveOMG price traded at $10.30 with a gain of 6.80% in the last 24-hour and 40.87% up in the weekly time-frame. Furthermore, OMG bounced back from the support of $9.10. In contrast, the market capitalization stands at $1.44 billion. Technically, investors can perceive a positive crossover in EMA, and the price is above the 8-EMA. RSI index showcases a flat slope. Moreover, the price movement can exceed the resistance of $10.95 in future trading sessions.
Resistance: $10.95
Support: $9.10
OMGUSD / for a good relationshipOMGUSD / for a good relationship
OMGUSD break up of descending triangle pattern.
ab=cd projection and fibonacci level at 11.30
general informations:
-omisego is an interoperable decentralized exchange and payment platform that allows value transfers across blockchain networks and provides fiat-to-crypto and crypto-to-crypto investment gateways
-“omise'' means store in japanese