Everybody is waiting for the September news. This maybe a good news that will be announced at the Berlin meeting together with Golem and friends, but who knows? There are also speculation of teaming up with Apple due maybe because one of the team Jun, shows a skateboard with sticker of Apple Logo. But we still don't know. While others are optimistic, some are also cautious that there might be a bear on the plasma land as what Santiment feed on it's twitter if the price of OMG drops to 0.0021btc per omg.
In the graph, I set up the horizontal line at 0.0021-22..
Trend line is upward. As of writing, price is side tracking near the lower ascending channel.
Some guys in reddit told maybe it's an Ascending triangle, I can see it can be true there are still needed price validation. The big green bar at the last part of consolidation seems like bullish but once news hits the crowd that OMG became the first Unicorn "having market cap of 1B" same as Qtum, some began to feel nervous and want to hedge so they cash out. But the true believers are still holding and buying.
We need more price confirmation if it will go bearish, but as of now, Imho, the trend of OMG is still bullish, as of writing, it's just resting and finding new support level at 0.0022. I will hold and wait for the implementation this quarter 4 , Oct. news is huge.
This is not a trading/financial advice and solely for the author's personal education about market analysis in crypto.
Due diligence is a must. Be responsible trader and do your own diligence. Thank you!
In the graph, I set up the horizontal line at 0.0021-22..
Trend line is upward. As of writing, price is side tracking near the lower ascending channel.
Some guys in reddit told maybe it's an Ascending triangle, I can see it can be true there are still needed price validation. The big green bar at the last part of consolidation seems like bullish but once news hits the crowd that OMG became the first Unicorn "having market cap of 1B" same as Qtum, some began to feel nervous and want to hedge so they cash out. But the true believers are still holding and buying.
We need more price confirmation if it will go bearish, but as of now, Imho, the trend of OMG is still bullish, as of writing, it's just resting and finding new support level at 0.0022. I will hold and wait for the implementation this quarter 4 , Oct. news is huge.
This is not a trading/financial advice and solely for the author's personal education about market analysis in crypto.
Due diligence is a must. Be responsible trader and do your own diligence. Thank you!