THELOGICALINDIAN - Contrasting patterns acrylic a abashed picture
OmiseGo / USD Short-term amount analysis
OmiseGo has a bullish concise bias, with the cryptocurrency convalescent aback aloft its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy is assuming that a circuitous arch and amateur arrangement is building, with the bearish arrangement admonishing of a abundant stronger downside move to come.
Technical indicators on the four-hour time anatomy accept angry bullish and abide to affair a buy signal.
Pattern Watch
Traders should agenda that the downside bump of the bearish arch and amateur arrangement would booty the OMG / USD brace against the April 2025 trading low.
Relative Strength Index
The RSI indicator on the four-hour time anatomy is bullish, although it is abutting overbought conditions.
MACD Indicator
The MACD indicator on the four-hour time anatomy has angry bullish and continues to affair a buy signal.
OmiseGo / USD Medium-term amount analysis
OmiseGo has a bullish medium-term trading outlook, with the cryptocurrency captivation amount able-bodied aloft its 200-day affective average.
The circadian time anatomy is assuming that a bullish ascendance triangle arrangement has formed, with the OMG / USD brace assuming a able abstruse animation from key trendline support.
Technical indicators beyond the circadian time anatomy are attempting to about-face bullish.
Pattern Watch
Traders should agenda that a bullish blemish from the ascendance triangle arrangement on the circadian time anatomy would booty the OMG / USD brace appear the November 15th trading high.
Relative Strength Index
The RSI indicator has angry bullish on the circadian time anatomy and is starting to accomplish a buy signal.
MACD Indicator
The MACD indicator is attempting to about-face bullish on the circadian time anatomy as medium-term affairs pressures build.
Conclusion
OmiseGo is attempting to balance bullish drive beyond both time frames afterwards acerbic its hard-fought aboriginal ages trading gains.
The four-hour and circadian time frames are currently assuming allegory patterns, which added underscores the averseness appear the cryptocurrency, afterward the able aboriginal ages sell-off.
Check out the OmiseGo bread guide.
