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OMG Price Analysis: Wicks touching 50 SMA, SMA-20 is above to SMA-50

OMG Price Analysis
  • It has a circulating supply of 140,245,398 OMG coins and a max. supply of 140,245,399 OMG coins. The live price of OMG is $5.77
  • The token has shown the pattern of engulfing bearish.
  • The RSI oscillator for OMG shows the NEUTRAL action.
Tradingview

 

The last known price of the token(OMG) is 5.74 and is low by 2.61 over the last 24 hours. It has a current trading volume of 345,189,556. The holders are 694,172, with the  active transfers(s) of 3,314,247 traded over the last 24 hours. The chart above shows the movement of it where 200 DMA has been running below it, and even DMA-50 is below it. We see the token with respect to SMA’s, which are 20, 50, and 200, and it is SMA-20 which is ahead of the other two. Since 24 July, SMA-20 trails above SMA-50 and successfully crossed SMA-200 on 29 July. On average, the token has shown returns of 15%. The uptrend began in the last week of July and is still continuing. Although, candles formed yesterday to have their wicks touching SMA-50.

An RSI oscillator is also present in the chart, which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 52.138 and marks the neutral action. MA-5, MA-10, and MA-20 show the buy action. Also, MA-100 and MA-200 show buy action. However, the OMG at present is all set to buy, and that is just for an intraday trade.

The bull/bear power has the value of 0.1903 and shows the buy action. The high/low marks the neutral action with the value of 0.000.

The OMG-BTC pair is trailing at the level of 0.0001245, and the low of 0.31% was seen, whereas the OMG-ETH pair is trailing at the level of 0.001807, and the gain by 0.16% was seen in the last 24 hours. The volume/market cap of the token is 0.4247, and its market dominance is 0.04%.

Conclusion: The days range for the coin is 5.3751-5.9843. The token is expected to show a rise in the coming time, and if you wish to purchase this token, then long it as wicks have touched SMA-50. If you have already purchased the token and have gathered the acquired returns, then sell it.

Technical Instruments:

Pivot: 5.8205

R-1: 5.8673

R-2: 5.8963

S-1: 5.7737

S-2: 5.7447

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour