OmiseGO (OMGUSD): 6 Hour Timeframe Bullish Patterns.

in #cryptocurrency • 5 years ago

Conclusion for today’s OmiseGO price prediction: A close above ~2.51 favors a bullish bias.

The 6 hour timeframe of OmiseGo is presented with primary focus on the current bullish price channel (tentative). Bullish trendline in OmiseGo since February 06, 2019 has seen successfully provided support with price and also aided in construction of the channel.

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omg.png

The bullish swing in price up to a price peak of 2.5353 has been followed by meandering price action for more than 4 weeks. Also indicated is the current region of immediate support and resistance for Omisego.

A break below 1.5608 implies an increase in bearish strength. A break above 2.51 on the other hand favors more upside and continuation of current trade. Price closing above the upper boundary of channel providing additional evidence for a bullish bias.

Our previous Bitcoin analysis (BTCUSD) before the current price rally was also posted for FREE and can be found below.
https://coinanalyst.investments/2019/04/26/btc-analysis

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5 years ago in #cryptocurrency by
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