OMG Can the bullish momentum keep going?
I've been feeling pretty good about OMG but there is also the possiblity that if the lower uptrend line is broken then we could go down to the bottom of the descending channel.
A large correction in BTC could be catalyst for such a move.
The recent bearish move has just had a .618 retracement and we could go up or down just as easily from here.
I suspect we will either see the formation of a nice cup and handle which will be great.
Or we will continue down into the $3-5 range.
I dropped off most of my OMG for ETH for the short term. I'm not really interested in holding a lot of them until OMG starts making bullish price movement on the ETHOMG chart.
A large correction in BTC could be catalyst for such a move.
The recent bearish move has just had a .618 retracement and we could go up or down just as easily from here.
I suspect we will either see the formation of a nice cup and handle which will be great.
Or we will continue down into the $3-5 range.
I dropped off most of my OMG for ETH for the short term. I'm not really interested in holding a lot of them until OMG starts making bullish price movement on the ETHOMG chart.
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