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I don't really keep up with OMG's development these days but the inability to break out of this formation is uninspiring to the traders eyes. This *could* get ugly.

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Everything that I could have made a bear case for in previous months has been fixed and we are sitting on a major trend line. All signs point up for this project, Skale is even sitting on a major announcement coming in the next week or 2 (probably when their first dApp goes live on their Mainnet).

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A common oversight I'm seeing on Trading View is people ignoring this chart because it indicates the opposite of what BTC/USD is showing. Majority of this crypto bull run has been characterized by BTC.D dropping because of money flowing into the market into alts at an increasing pace (at a faster rate than BTC is growing). In order for BTC to dump any further (and...

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It could keep going, sure, but this is the reality of the downside. Worth it? Depends on how degenerate your gambling problem is.

Dig-Deeper Updated 

Very difficult to fit everything I'm trying to show in 1 chart, still don't have enough rep to update with charts in an idea (hitting the like button helps with that, would be appreciated). I opted to show the zoomed out view just so you can see how well this all lines up, the fib extension is nearly on the nuts with the retracement from the 2nd move inside the...

Dig-Deeper Updated 

Looking like solid support, if the top gets blown off the 4.236 fib then this will probably be the final leg otherwise this project should continue up the ranks of market cap. Currently this project sits at around #100 spot for market cap and is top 25 market cap potential in my assessment. Everything checks out for this project to be a big gainer STILL as long as...

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All fib retracements were pulled from candle body to candle body (no wicks; unregulated market) and they are all colored individually just for your sanity. I cleaned up all the clutter just so you could see the top and bottom of where I pulled and then the 4.236 location which is all that this post is trying to point out. To the point: They all start to tell the...

Dig-Deeper Updated 

So here we are sitting at almost ATH... but I'm not cheering, and I still wont be if we have a breakout. I'll elaborate: As much as I'd like to say this is just about Bitcoin, for 2 examples the same scenario presents itself in markets like DOW Jones and S&P 500, the 3 have recovered from what I'm calling the COVID scare and are sitting at ATH levels (near ATH...