OMG broke out of the downward channel (bullflag) with volume. Judging by the flagpole length, the target should be around the 1.618 fib, and it might find some resistance at the 1.0 fib.
Enter trade at retest of the upper resistance of the downward channel.
One of my favorite projects. A shame that it's so silent at times but I still love it.
It seems to be getting at the end of a 17 day triangle with Stoch RSI bottomed out since 10 days. MACD stopping the drop and squeezing and it has tested the upper side of the triangle earlier today. Big sellwall at 5000 sats tho.
I would recommend buying after breakout/retest so...
I think OMG is ready for a nice push up after the recent correction based on this daily chart.
-Forming a nice ascending triangle between 0.5 fib and trendline. Trendline has been a strong support in the past.
-Stoch RSI bottomed out. As can be seen in the chart, a bottomed out Stoch RSI has always caused a nice bump in the past.
-And last but not least, a Golden...
