OMG/UDST Strong Price Action Spotted: Bullish Scenario

OMG/USDT has shown strong bullish price action over the last three days. Yesterday I already wanted to make this post, but with BTC showing erratic behaviour I wanted to wait till things cooled down a bit.

Since April, the last two big bullish moves from OMG started with large bullish daily candles emerging after a relatively quiet time of consolidation, see the yellow squares. I think we might see more bullish action in the coming days!

For the short term, I've marked two areas of resistance where I think the price could reverse: Resistance 1 and Resistance 2. In case both resistances get beaten, we might rival the ATH soon.