2019-6-14 16:46 |
OmiseGo has a bullish short-term bias, with the cryptocurrency recovering above its 200-period moving average on the four-hour time frame The OMG / USD pair has a bullish medium-term outlook and is trading back above its 200-day moving average The daily time frame time shows a large ascending triangle pattern OmiseGo / USD Short-term price analysis
OmiseGo has a bullish short-term bias, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that a complex head and shoulders pattern is building, with the bearish pattern warning of a much stronger downside move to come.
Technical indicators on the four-hour time frame have turned bullish and continue to issue a buy signal.
OMG / USD H4 Chart by TradingView
Pattern Watch
Traders should note that the downside projection of the bearish head and shoulders pattern would take the OMG / USD pair toward the April 2019 trading low.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish, although it is approaching overbought conditions.
MACD Indicator
The MACD indicator on the four-hour time frame has turned bullish and continues to issue a buy signal.
OmiseGo / USD Medium-term price analysisOmiseGo has a bullish medium-term trading outlook, with the cryptocurrency holding price well above its 200-day moving average.
The daily time frame is showing that a bullish ascending triangle pattern has formed, with the OMG / USD pair performing a strong technical bounce from key trendline support.
Technical indicators across the daily time frame are attempting to turn bullish.
OMG / USD Daily Chart by TradingView
Pattern Watch
Traders should note that a bullish breakout from the ascending triangle pattern on the daily time frame would take the OMG / USD pair towards the November 15th trading high.
Relative Strength Index
The RSI indicator has turned bullish on the daily time frame and is starting to generate a buy signal.
MACD Indicator
The MACD indicator is attempting to turn bullish on the daily time frame as medium-term buying pressures build.
ConclusionOmiseGo is attempting to recover bullish momentum across both time frames after eroding its hard-fought early month trading gains.
The four-hour and daily time frames are currently showing contrasting patterns, which further underscores the indecisiveness towards the cryptocurrency, following the strong early month sell-off.
Check out the OmiseGo coin guide.
OmiseGO ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=OMG&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24546 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24546 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24546 a.tabperiods.tabperiods_active, #ccpw-ticker-24546 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24546 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24546 .coin-container:after, .ccpw-container_four #ccpw-ticker-24546 .coin-container:after {border-color:#ccc !Important;}
The post OmiseGo Price Analysis OMG / USD: Go, But Where? appeared first on Crypto Briefing.
Similar to Notcoin - Blum - Airdrops In 2024
OmiseGO (OMG) на Currencies.ru
|
