OMGUSD Technical Analysis
From the last bar we can see that it is trying to break through the resistance level.
Vitalik Buterin Tried to stir up the pot by tweeting that OMG was his favorite trading currency, this caused a little pump as we can see in the last bar.
He is trying to break the resistance, however it might not happen.
At the moment OMG is caught up in diagonal resistance, followed by a resistance level and a wedge!
I don't see the breakout potential at the moment, but possibly later on in the wedge.
However i have made all the possibilities that could happen in my opinion.
I don't suggest going into the trade at the moment, seeing as it is consolidating and we don't know for sure it is going to rally and break through resistance.
The leverage on this crypto is 1:1, which you usually try to look for 2:1.
Here is my source: twitter.com/VitalikButerin?ref_src=twsrc^google|twcamp^serp|twgr^author
Vitalik Buterin Tried to stir up the pot by tweeting that OMG was his favorite trading currency, this caused a little pump as we can see in the last bar.
He is trying to break the resistance, however it might not happen.
At the moment OMG is caught up in diagonal resistance, followed by a resistance level and a wedge!
I don't see the breakout potential at the moment, but possibly later on in the wedge.
However i have made all the possibilities that could happen in my opinion.
I don't suggest going into the trade at the moment, seeing as it is consolidating and we don't know for sure it is going to rally and break through resistance.
The leverage on this crypto is 1:1, which you usually try to look for 2:1.
Here is my source: twitter.com/VitalikButerin?ref_src=twsrc^google|twcamp^serp|twgr^author
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