Due to the surge in Bitcoin, there has been money leaving the alt-coins which gives us a major opportunity to take profits and jump back in at a lower price.
What this graph shows:
Both MACD and RSI show that OMG has further to drop (into oversold position).
Moving Average (200) is providing fair support at USD $7.00
Wedge showing support at USD $6.80
Analysis: LONG OMG/USD WHEN PRICE DROPS BETWEEN $6.80 & $7.00.
Bitcoin expected to have a correction in the near future. This will lead to a surge in the price of OMG.
What this graph shows:
Both MACD and RSI show that OMG has further to drop (into oversold position).
Moving Average (200) is providing fair support at USD $7.00
Wedge showing support at USD $6.80
Analysis: LONG OMG/USD WHEN PRICE DROPS BETWEEN $6.80 & $7.00.
Bitcoin expected to have a correction in the near future. This will lead to a surge in the price of OMG.