kdenery

OMG Possibility #1: Cup and Handle & Round Bottom

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BITFINEX:OMGBTC   OmiseGo / Bitcoin
OmiseGo, using the OMG token is a crypto-focused branch of the traditional and well-established Asian payment gateway, Omise. It is as close to a bluechip coin as it gets and I have very high hopes for it in future. They have recently been in a fairly consistent bull channel despite not having the most announcements or the best general public relations, so we can expect any large piece of news or project update to have a large effect.


The first piece of TA i see forming is a possible cup & handle, with a definite round bottom.

Another bullish possibility I see is that we may actually be forming a bullflag at the moment (linked below), in which case some of the support lines shown here may be broken without necessarily indicating a trend reversal.
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