OMG nearing breakout
The charts are looking nice for OMG. Both the BTC and USD charts are coming to a pinch point and I've personally piled in to OMG and will sit tight now until it moves. The only potential problem is if people pull out of OMG into BTC if segwit causes the price of BTC to rocket. Given that OMG looks so strong overall, I think that's fairly unlikely but obviously not impossible.
Yep! I noticed this trend too the past few days.. Been waiting on the breakout. General trend still seems to be very healthy upward, so I have good faith that we will be pushing past $10 once it does break out. Which should be today, tomorrow or at the very latest the day after...
Thanks for this great post. Now following!
That's a really nice looking pennant formation on both charts. If I knew more about the fundamentals of the coin and it checked out I'd be buying on technicals for sure.
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