Cryptocurrency
by Seth Parker on April 19, 2018

OmiseGo (OMG) – Oh My God, we are going higher

New developers have to be very creative with the name of their new coin/token. You can already count them in thousands. You need to be even more creative to come up with the three letters shortcut used to write a trading symbol. Some of them can be on point like THC for Hemp Coin or OMG (popular ‘oh my God’) for OmiseGo.

Today I already mentioned a coin which had a different chart than most of the other coins (Monaco). Now, time for the second one – OMG.

Is the chart really different?

Yes, First of all, the drop since the peak was not so strong. Yes, we lost a lot but still less than the vast majority of the market. What is more, we had quite strong reversal at the end of February. From this, you can see that the situation is quite alright. That can be also seen in the current price movements. From the local lows (red lines), OmiseGo rose already around 100% and is now breaking the down trendline. That is a legitimate buy signal, which can drive us to the all time highs – a scenario, which for other altcoins is currently not reachable.

By Seth Parker

Seth is a professional trader with over 10 years of experience. He specializes in the technical analysis. His main focus is on the pure Price Action. In his trading, Seth used the trends, supports and resistances and technical formations. Always, the most important thing in his strategy is the money management. Seth reached a proficiency in trading and for the past three years is doing that for a living enjoying the sun and lovely beaches of the Spanish coast.

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