OMG doubles in price but is it over?
OMG has performed nicely since the breakout at about $13 and has since doubled in price. OMG has exceeded my initial target of $18-$20 so at this point one could sell their cost basis
and then just play with the houses money. However, I will say that the amount of wicks on the daily candles tells me that the price has been held back to not let it get too
out of control to the upside like many other coins have done. It's also interesting that most crypto traders know of and like OMG even if they don't currently own a position but
many of the converted wall streeters also realize that OMG is one of the few companies that appears to have a viable product worldwide. If they can perform to expectations
and stay focused then look out because if you thought XRP (Ripple) soared then you ain't seen nothing yet!
Good Trading!
and then just play with the houses money. However, I will say that the amount of wicks on the daily candles tells me that the price has been held back to not let it get too
out of control to the upside like many other coins have done. It's also interesting that most crypto traders know of and like OMG even if they don't currently own a position but
many of the converted wall streeters also realize that OMG is one of the few companies that appears to have a viable product worldwide. If they can perform to expectations
and stay focused then look out because if you thought XRP (Ripple) soared then you ain't seen nothing yet!
Good Trading!
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