OMG Bear Flag Warning!
Volume on OMG has been great the past few weeks. However, nothing has materialized during those weeks.
Upon looking at the 4 hour chart, we can see a clear bear flag that I feel will start OMG wave 2. We should see a retracement of about 61.8% for wave 2.
Bear Flag Pattern has about 67% Success Rate in terms of its reliability. So there is still about 33% chance that it ignores the bear flag and goes up, however odds aren't too good.
Upon looking at the 4 hour chart, we can see a clear bear flag that I feel will start OMG wave 2. We should see a retracement of about 61.8% for wave 2.
Bear Flag Pattern has about 67% Success Rate in terms of its reliability. So there is still about 33% chance that it ignores the bear flag and goes up, however odds aren't too good.
Nota
Critical point for OMG. If the price continues to fall leaving the teal color channel into the green, it'll fall most likely to the support 1 channel.Will be interesting to see where it will head.
Nota
OMG broke into the green channel. Next support is around 0.0021 and 0.0019Dagangan ditutup: sasaran tercapai
Closing short at 0.1967.Looks like omg is going to bounce back soon. For now.
Dagangan ditutup: sasaran tercapai
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