Posted on Leave a comment

OmiseGo analysis:6 hour timeframe

The 6 hour timeframe of OmiseGo is presented in this analysis with price action from August 17, 2018 to current date.

omisego price analysis, omg price prediction 2020

~$3.84 and $2.99 have marked a horizontal barrier for price action since September 19, 2018, with $3.84 acting as a ceiling for price and $2.99 as support area.

The width of the pattern best described as a rectangle bottom pattern is indicated and taken as $0.85 ($3.84 minus $2.99).

A successful breakout above $3.84 or below $2.99 should provide a $0.85 move as a minimum expectation for the price of OMGUSD i.e. projection of ensuing move following a successful bullish or bearish breakout.

Interested in Bitcoin analysis (BTCUSD)? Check out our previous work here. Moreover,  Zcash analysis (ZECUSD) can be found here.

Sign up now  for full access to our premium research and analysis to learn more about OmiseGo analysis, updates, other cryptocurrencies and Foreign Exchange (FX) pairs.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.