Hi friends hope you are well, and welcome to the new update on OMG Network (OMG) token.
Broadening and stochastic:
On the weekly time frame, OMG has formed a broadening wedge pattern and reached support. It can be also observed that the movement of stochastic and priceline is much synchronized, as whenever the prcieline moved to the support of wedge and the stochastic goes oversold then OMG starts a powerful reversal and sets a new all-time high.
EMA and resistance:
At the moment on the daily time frame, the priceline of OMG is facing two resistances. Once is the EMA 21 and the other one is $7 resistance. Once the priceline will be able to breakout these two resistances then it can lead to a big move.
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You can also support my work at Patreon for more ideas:
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In order to play and watch the current performance of the chart you need at least a free account on tradingview:
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Link for BINANCE exchange, to trade crypto:
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Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
