OMG/BTC
- OMG is struggling to stay above the peak of its uptrend channel
- Bearish MACD Divergence
- Price to most likely retrace towards local support at 261,800
- Major support area at 180,000 - 195,000 to be targeted if price breaks below channel
Expect price to retrace a little and form a new consolidation pattern before retesting highs
If price breaks above 285,000 (resistance) game on again for the bulls
Bearish MACD Divergence (purple)
Happy Trading!
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All information is presented for educational purposes only and does not constitute financial advice