The bottom formation here looks quite solid. The green support zone has been holding for quite some time now. The rejection after the triangle breakout earlier today is quite worrying though. Still above the support zone of the triangle. The target is actually around 3.9, so i am wondering if the market was too weak to reach that (bearish sign) or that the bulls will give it another try. The 3.8ish is a very strong resistance level so i see a buy signal for the mid/long term if we get a daily close ABOVE this level.
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Previous analysis:
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Previous analysis:
Yorum:
This one shows that it's better to be safe than sorry. Bitcoin has been to weak the past week so all the alts were slowly dropping. OMG has dropped into that green support zone on the right. On the left chart we can see it is testing that bigger support zone as well. I still think it's quite dangerous to enter here, because if that big green support breaks (rounding bottom), it could drop allot the coming weeks.