Insufficient longs to break the overall trend resistance created from a whale pump,
your first support has been testing nicely but is overall in a bearish condition
The chance to break bearish circumstances within the bullish channel has not been met.
I forecast a return back down to 1.50 with weak hands selling at 3.50.
The project is still doing well but under the overall market conditions we will see an accumulation at a cheaper price.
your first support has been testing nicely but is overall in a bearish condition
The chance to break bearish circumstances within the bullish channel has not been met.
I forecast a return back down to 1.50 with weak hands selling at 3.50.
The project is still doing well but under the overall market conditions we will see an accumulation at a cheaper price.
Trade chiuso: obiettivo raggiunto:
OMG is catching the minor support if a bears decides to enter this current position it will go back to 1.60-2.20 Range where smart money will continue to accumulate long positions.
Commento:
OMG continues to follow its trend resistance nicely alongside btcs brief touch on support,omg will continue to flush the weak hands as anticipated and i will be entering long position soon.