OMISEGO Price Prediction Today: Daily (OMG) Value Forecast – July 2
- The bears may still potentially hold down the OMG/USD market in a range moving mode around range prices of $2.40, $2.20, and $2 levels.
- Traders are enjoined to be cautious of getting trapped around price levels of $2.30 and $2.20 marks.
OMG/USD Medium-term Trend: Bearish
- Supply levels: $3, $3.20, $3.40
- Demand levels: $1.80, $1.60, $1.40
Omisego price valuation has been prevailed over by the US dollar market worth over time. On the financial book of records, the pair had lately boomed northwards to trade around a high value at $2.80 mark on June 29.
Presently, the market has been trading around its Bollinger Lower Band trend-line towards approaching low mark at $2. The Bollinger Middle Band has briefly touched the 50-day SMA indicator from the top. The Stochastic Oscillators have slightly crossed to point south in its consolidation move at range 20.
The bears may still potentially hold down the OMG/USD market in a range moving mode around range prices of $2.40, $2.20, and $2 levels. However, the bulls are expected to regain the energy while a bullish engulfing candlestick occurs around the Bollinger Lower Band trend-line.
OMG/USD Short-term Trend: Bearish
The market valuation of OMG paired with the US dollar has been dumping in today’s trading operations. The crypto-market started dropping while it averaged $2.50 very closely from below to now almost touch a low mark at $2.20.
Yesterday, the pair visibly moved in a bearish trend outlook towards the same low market point. The 50-day SMA indicator is situated above the Bollinger Bands as they still somewhat point to the south direction. The Stochastic Oscillators are attempting to close their hairs a bit above range 20.
Observantly, the bears have been finding an entry around the Bollinger Middle Band to the market southwards. However, price levels between $2.30 and $2.20 marks need to be cautious of placing short position as bears may soon be getting weaker around those market points.
Live OmiseGo (OMG) Price:
1 OMG/USD =$3.7418 change ~ -3.97%
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