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OMG - Time For A Bounce

Od dRends35
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OMG looking ripe for a bounce in tandem with my linked BTC thread. This analysis assumes BTC will bounce. BTC collapse = OMG collapse, but I think the bounce is on. BTC could have a flash dump before the bounce and that would be reflected in OMG chart, but I am allowing for that in my entry.

OMG seems a good choice to trade for a bounce:

  • Daily RSI is overbought and showing some hidden divergence.

  • MACD is curling up with histogram moving well above the 0 point.

  • Price drifting sideways.

  • OMG has not been affected by recent bearish price action in stock indexes.

  • OMGBTC printing bullish divergence.

    snapshot


Not advice.
Komentarz
Might see a re-test of the trendline but OMG appears to be breaking out.

snapshot
Komentarz
And has broken above the daily BB basis line for the first time since $17 = bullish.

snapshot
Komentarz
closed above*
Komentarz
Blue Guppy breakout.

snapshot
Trend Analysis
dRends35
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