OMISEGO Price Prediction Today: Daily (OMG) Value Forecast – July 16
- There have been slow and steady depreciating moves in the OMG/USD market.
- The OMG/USD market now seems to head to seeing variant price consolidation moving motes.
OMG/USD Medium-term Trend: Bearish
- Supply levels: $2, $2.20, $2.40
- Demand levels: $1.20, $1, $0.80
The US dollar market worth has in its slow-tight appreciating moves overwhelmed the trade valuation of OMISEGO over time. That price action has led to bringing down the market’s immediate supply level to $2 mark.
The 50-day SMA indicator and the Bollinger Upper Band very closely located around the immediate supply level of the market. And, presently, price has continued to trade slowly around the Bollinger Lower Band trend-line. The Stochastic Oscillators have moved up to seemingly cross the hairs at range 40 to the south.
Indications still show that this crypto-market hasn’t free from the bears’ pushes. The pair’s journey to the south may continue as long as its Bollinger Middle Band remains unbroken northwards to maintain past $1.80 point.
OMG/USD Short-term Trend: Ranging
As at the time of writing today, OMG/USD market valuation has moved more being down than up around ranges of $1.60 and $1.50 price levels. Yesterday’s trading sessions firstly witnessed a sharp drop in its first formed 1-hour candlestick. But, the subsequent ones emerged as price recoveries that have only led to the current range trading zones.
All the trading indicators have now aligned around the choppy spots of the market. The Stochastic Oscillators have closed the hairs near above range 20.
The OMG/USD market now seems to head to seeing variant price consolidation moving motes. And, the $1.60 upper range spot in the short-term trend is key to defining pace to either way of the crypto market's direction.
Live OmiseGo (OMG) Price:
1 OMG/USD =$3.7418 change ~ -3.97%
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