OMG/USDT is seeing a big inflow of volume currently, producing a big candle on the daily chart.
Historically, OMG tends to shoot up drastically after a longer period of quietness, I've marked these consolidation phases with yellow rectangles. We might be entering a new bullish phase for this pair, what do you think?
Furthermore, I've marked two areas of resistance on the chart, R1 and R2. Consider these areas important since there might be a lot of bearish pressure from there. In case we will see another bull-phase like before, I don't expect these resistances to oppose any threat.
Happy trading!
Historically, OMG tends to shoot up drastically after a longer period of quietness, I've marked these consolidation phases with yellow rectangles. We might be entering a new bullish phase for this pair, what do you think?
Furthermore, I've marked two areas of resistance on the chart, R1 and R2. Consider these areas important since there might be a lot of bearish pressure from there. In case we will see another bull-phase like before, I don't expect these resistances to oppose any threat.
Happy trading!
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