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OmiseGo Bulls Still Running the Show

An intraday timeframe (1 hour) is presented in this OmiseGo analysis. A trendline is used to connect a series of higher price lows to draw the bullish trendline on the 1 hour timeframe.

Omg price prediction

Also highlighted on the chart is the rising wedge which is ideally bearish. Use of the same chart pattern was also mentioned in this trade with a successful outcome. ~1.30 and 1.18 is expected to provide support for OmiseGo in order to enter into a buy (long) order(s).

Lack of consolidation especially at 1.18 implies the possibility of the downtrend resuming, and therefore further lower prices in OmiseGo.

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Interested in EOS Technical Analysis (EOSUSD)? Checkout our previous free blog post here.

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