This Will Be The Most Explosive Move In The History Of OMG Network (OmiseGo)

Hi friends, hope you are well and welcome to the new update on OMG Network (OMG) token.

Different support and resistance levels:
From December 2020 to May 2021 the price action of the OMG network was very strong bullish . Finally, in May 2021the OMG found very strong resistance at $13. After being rejected by this level the price action broke down the different supports and finally found strong support at 4.25 dollars. This is a very strong support level because previously it has been working as a very strong resistance. And previous resistance levels can also work as strong supports. There are also $3 and $2 support levels after $4.25 as well.

A golden cross:
If we switch to the weekly time frame and place the simple moving averages with the time period of 200 and 50. Then it can be easily noticed that the 50 simple moving average went very close to the 200 simple moving average and soon it is going to cross up the 200 SMA . When the 50 simple moving average crosses up the 200 SMA then it is considered as a very strong bullish signal among the trader’s community. It is also called a golden cross. At this time the golden cross formation is above the candlesticks . If it would be formed below the priceline of OMG then it would be stronger bullish signals. However, as it is being formed on the weekly time frame therefore it can produce a very powerful bullish divergence .

A big Fibonacci based bullish harmonic move:
On the weekly time frame chart, OMG has formed a bullish harmonic Shark pattern. There is strong support at $2 in the buying zone. The buying and sell targets as per the Fibonacci sequence of this harmonic pattern are as below:
Buy between $3. 05 to $2 (according to max fib of Shark 1.13 is at $0.7762, but we have strong support at $2 therefore we can buy it max at $2)

Sell between: $6.17 to $11.88
The buying area is too wide therefore I would recommend using $2 as stop-loss because here we have very strong support.
We are bit late in catching this pattern because after visiting the buying zone the priceline is moved up and now moving above the potential reversal zone. If Bitcoin takes another dip to re-test $30000 level then we may have another chance to buy it from the potential reversal zone.

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