- The trading volume of OMG coin as the trading volume in the last 24hr at the time of writing this article is +8.56%
- The price of OMG/BTC and OMG/ETH at the time of writing this article is 0.0002831BTC and 0.004114ETH respectively
- Price near the Resistance and taking support on the 20MA
LONG TERM VIEW:-
In the daily chart time interval, we can see that the price is near the support of $12 and it seems like we can see bears are winning the fight and pushing the price down. Let’s have a look at the technical indicator we can see the MACD is showing green histograms as the MACD line is above the Signal line we can also see there is no sign of the lines to change its direction. In addition to that, we can see that RSI is also in the neutral zone near the 68 mark and it is pointing towards the oversold zone (30). Lastly, we can see the Moving average of both 20MA and 50MA is above the 100MA and prices have taken the support on the 20MA.
SHORT TERM VIEW:-
In the 4he time interval, we can see that the price is making an upward channel. Looking at the RSI when you can see the RSI is in the overbought zone at 72 and it is pointing towards the neutral zone now. In addition to that, we can see that MACD is showing green Candles as the MACD line is above the signal line and the distance between them is huge. Lastly, we can see the Moving average as the 20MA is above the 50MA and 50MA is above the 100MA, so basically, 20MA is also above the 100MA which is very bullish.
CONCLUSION:-
Looking at both the long term and short term we can see that the price is near the resistance giving a huge bullish run, now the trend can be changed as we see the sellers are already winning the fight as we can see the red candle after the green candles. So the trend is bearish for the time being and then can be changed when reaching support.
RESISTANCE:-$13,$15
SUPPORT:- $10,$8.40