OMGUSD Chart - Downtrend Broke & High Level Resistance Tested! What Next?

in #trading7 years ago

OMG, Winter is Over

I'm on a ROLL!

Like we've seen in NEO, OMG has finally broken its downwards trend that we've seen in the beginning of the month and began consolidating/testing smaller support structures.

What Next?

As seen below, there is a major support/resistance level at the $12.45 mark, where we've seen price bounce off multiple times in the last 4 months. Its too soon to tell what the primary direction price is going to go, but the fact that we now know the major areas inside this channel are, we can start deducing what the key areas are for our next move!

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