1. OMG stays in blue channel, first resistance at 96k, if it breaks expect movement to around 100k
2. Blue channel can't hold it, expect hovering around upper line of red channel
3. Movement in yellow channel related to other factors, BTC price drop/raise, OMG news release etc...
2. Blue channel can't hold it, expect hovering around upper line of red channel
3. Movement in yellow channel related to other factors, BTC price drop/raise, OMG news release etc...
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Also watch out for Fibonnaci levels!
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Scenario 3 is in play... Bounced of yellow line, 0.786 fib is now resistance, and possible target is around 92k. Untill the BTC fork we can still expect price drop of another 10% down to base support at around 80k.
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BTC up OMG down! Buy in at 80k, but I would wait for confirmation of an upward trend...