Head and shoulders pattern developed and broke the neckline on the daily suggesting there could be a pullback to around the $5.60 level which may give an indication the bears are still in control of the market. The MACD and RSI are still holding positive values but the RSI is right on the midway point. If we see a hold and reversal on the RSI then this pattern is invalid and we should see $OMG move closer to the breakout point.
Remember to do your own research I have been wrong on multiple occasions. I share this information with you as a comparison to your own research and for that purpose only.
THIS IS NOT FINANCIAL ADVICE!!!! DO YOUR OWN RESEARCH.
LIKE - FOLLOW - SHARE
Remember to do your own research I have been wrong on multiple occasions. I share this information with you as a comparison to your own research and for that purpose only.
THIS IS NOT FINANCIAL ADVICE!!!! DO YOUR OWN RESEARCH.
LIKE - FOLLOW - SHARE
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This may be a time to short it or hedge your position if do futures, but overall I am long on the project.
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Keeping an eye on $ETH to see if it breaks the neckline on its head and shoulder pattern as confirmation on our next direction of $OMG.
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Still going north ⬆✔
