OMG looking ripe for a bounce in tandem with my linked BTC thread. This analysis assumes BTC will bounce. BTC collapse = OMG collapse, but I think the bounce is on. BTC could have a flash dump before the bounce and that would be reflected in OMG chart, but I am allowing for that in my entry.
OMG seems a good choice to trade for a bounce:
Daily RSI is overbought and showing some hidden divergence.
MACD is curling up with histogram moving well above the 0 point.
Price drifting sideways.
OMG has not been affected by recent bearish price action in stock indexes.
OMGBTC printing bullish divergence.
Not advice.
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Might see a re-test of the trendline but OMG appears to be breaking out.
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And has broken above the daily BB basis line for the first time since $17 = bullish.
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