Technical analysis OmiseGO. OMG-BTC on July 05, 2018
July 5, 2018
#OMG
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.