OMG Network has seen a large fluctuation in price lately. After topping out at the $10 resistance, the crypto is looking to hold the $5 psychological support. Below that, the bulls will need to see $4.80 hold before testing some of the lower supports.
The overall analysis and chart formation for the cryptocurrency so far still is very bullish. There’s a descending wedge pattern forming right now, and although the supports are lower than the $4.80 level, The EMA supports on the longer timeframes are still very supportive and fall within the descending wedge pattern.
In today’s video, we’re looking at all things OMG Network. We will discuss multiple scenarios, potential targets, supports, resistances, etc. Make sure you watch the full video to get the full analysis and learn how to think and trade in these environments with crypto’s like OMG. OMG and OMG Network have great potential for a LOT of success. This is why it rallied so hard recently.
View more analysis on OMG Network cryptocurrency:
https://www.youtube.com/watch?v=3ov7dqBOyDc&list=PLzLIFPJ-WOd-UEiHBKDrE1fEExKMltuaQ&index=2
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The content in this video is my own personal opinion which I have made from my own personal analysis. The views are my own beliefs. Always be cautious when investing in cryptocurrencies. This should not be treated as financial advice. Never invest more than you can afford to lose.
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