OMG after a long HEALTHY correction through a WW pattern, OMG is turning bullish again
For these reasons:
- daily MACD is crossing after cooling down.
- Market found strong support at daily MA100. (in most cryptos daily MA100 is a huge support that can reverse market)
- Great news have been released
Breaking downtrend will give momentum and rally is highly possible
For these reasons:
- daily MACD is crossing after cooling down.
- Market found strong support at daily MA100. (in most cryptos daily MA100 is a huge support that can reverse market)
- Great news have been released
Breaking downtrend will give momentum and rally is highly possible
Yorum:
As we can see also OMG/USD pair bounced from huge support daily MA100 and broke downtrend with a strong green candle.
This confirms reversal and new target
This confirms reversal and new target
from resistance to support --> bullish