OMISEGO Price Prediction Today: Daily (OMG) Value Forecast – June 19
- The bulls now appear getting weaker especially while trying to push past $2.20 mark.
- Traders should be wary of a false breakout in the OMG/USD market.
OMG/USD Medium-term Trend: Ranging
- Distribution territories: $2.30, $2.40, $2.50
- Accumulation territories: $1.90, $1.80, $1.70
OMG/USD market has been in a push around range trading zones marked by $2.20, $2.10 and $2 price territories. The market has been hovering around the 50-day SMA indicator after touching a low point around the Bollinger Lower Band trend-line. The Stochastic Oscillators are now in an attempt to close hair at range 60.
Market’s price territories between $2.20 and $2.10 lines are now regarded as critical trading locations for the OMG/USD market bulls may not easily trade past. Therefore, the market tends to lose energy to the bears most times that price point moves slowly around them.
OMG/USD Short-term Trend: Bullish
The short-term market trend of the OMG/USD has seen a slight increase in its valuation today. The upswing price movements of the crypto-market are formed by a line of higher highs and higher lows.
Presently, after a short pull-back at the touch of the Bollinger Upper Band, the market has now been trading around it 50-day SMA indicator. Yesterday, the market moved in a range close to a low market’s value at $2. The Stochastic Oscillators now bends across range 60 to slightly point south-east.
The bears still potentially have the grand to push the OMG/USD market towards testing a low value at $2 mark.
Live OmiseGo (OMG) Price:
1 OMG/USD =$3.7418 change ~ -3.97%
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