Technical analysis OmiseGO. OMG-BTC on July 05, 2018July 5, 2018
It strats to bounce from its support level. Once it broke the downtrend wedge pattern the price is retracing and testing the upper edge of the wedge as a new support. We can go up again from this level forming an uptrend wave. OmiseGo is a popular asset that often attracts attention of the new investors. If to look at the charts on the higher timeframes, we can make a conclusion that this coin demonstrates good trading opportunities in a long-term perspective, which can bring more than 100% profit. If the market doesn’t go below the new support and can break the local resistance at 0.00130000, we should expect the further uptrend movement.