• On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $2.60 and $2.80 resistance levels.
• On the other hand , if the bulls fail to break the EMAs, the price will continue to range below the EMAs.

OMG/USD Medium-term Trend: Bearish

• Resistance Levels: $2.40, $2.60, $2.80
• Support levels: $2.20, $2.00, $1.80

Yesterday, July 25, OMG price was in a range bound move below the 12-day EMA and the 26-day EMA.  On July 16, after the downward trend correction at the $1.340 price level the bulls  made an upward move to break above the EMAs. The bulls were facing resistance at the 12-day EMA . On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $2.60 and $2.80 resistance levels. On the other hand , if the bulls fail to break the EMAs, the price will continue to range below the EMAs.

Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may further depreciate. Nevertheless, the OMG price is in the oversold region of the daily stochastic but above the 20%range. This indicates that price is a bullish  momentum and a buy signal.

OMG/USD Short-term Trend: Bullish

On the 1-hour chart, the OMG price was in a bulish trend. The 12-day EMA and the 26-day EMA are trending southward. The crypto’s price is fluctuating above the EMAs indicating that price is likely to rise. Meanwhile, the price is in the oversold region of the daily stochastic but below the 40% range. This indicates that price is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.