Is OMG Ready for Testing Previous Highs?

  • The coin traded flat on the 24 hours chart, however, gained 12% over the week and currently trading at $3.70
  • The indicators are in the favor of the price to regain its high
  • The altcoin is in strong momentum and trading with respect to support and resistance from the bottom 
Source: Tradingview

The 4-hours chart indicates an uptrend from a previous low of $2.55 to a high of $4.40. The coin is currently trading at the level of $3.70 and has shown signs of consolidation at the range of $3.50 to $3.95 as the support and resistance for the short term range respectively. The coin`s market cap was at $521,695,063 and the volume traded in 24-Hours is $172,552,011, however, the crypto market was up by 1.15% on Monday after the bullish move over the global market rebound. 

The coin has shown a bullish move after making the low of $2.55 on the monthly chart and continuously in an uptrend. The indicator also supports the crypto asset for this movement.  

Source: Tradingview
- Advertisement -

MACD gives multiple signs over the chart as the positive crossover is expected in the coming trading session and the coin aiming the level of $4.00 and a bullish movement is expected in the coin after the positive crossover.

Source: Tradingview

Likewise, RSI was around the level of 50 which indicates the crypto asset in the neutral zone with the support of the global market the altcoin shows a bullish movement from this price. However, the RSI was in the oversold zone and after the bounce back it jumped to the overbought zone and currently at the neutral zone.  

RESISTANCE LEVEL: $3.95

SUPPORT LEVEL: $3.45

Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

How useful was this post?

Click on a thumb to rate it!

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Download our App for getting faster updates at your fingertips.

Pratik Chadhokarhttp://www.thecoinrepublic.com
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange