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OmiseGo Price Analysis OMG / USD: Go, But Where?

OmiseGo has a bullish short-term bias, with the cryptocurrency recovering above its 200-period moving average on the four-hour time frame
The OMG / USD pair has a bullish medium-term outlook and is trading back above its 200-day moving average
The daily time frame time shows a large ascending triangle pattern
OmiseGo / USD Short-term price analysis

OmiseGo has a bullish short-term bias, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame.

The four-hour time frame is showing that a complex head and shoulders pattern is building, with the bearish pattern warning of a much stronger downside move to come.

Technical indicators on the four-hour time frame have turned bullish and continue to issue a buy signal.

 

OMG / USD H4 Chart by…

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