♟️ $OMG /USDT — Bearish Bias, Key Range Near Pivot
🕓 4H Timeframe | 💰 Price: **$0.18 (–2.2%)**
📊 Technical Outlook:
Moving Averages: Strong sell signals from all MAs (5‑, 10‑, 20‑, 50‑, 100‑day) with price below the 20‑ and 50‑period EMAs—indicates bearish momentum .
Oscillators: RSI ~40 (neutral), MACD slightly bullish (< –0.01), Stoch & CCI show mixed buy/neutral signals .
Pivot Levels: Classic pivot at $0.21; support zones at $0.19 and $0.18 .
🎯 Ranges & Targets:
🎯 $0.19–$0.20: Short‑term resistance; a move above could test $0.21 pivot.
🎯 $0.21–$0.22: Breakout target aligned with classic R1 resistance.
🎯 $0.16–$0.17: Drop zone if support fails—next fib/S3 areas.
🛑 Risks:
Price stuck below EMAs could lead to further downside if $0.18 support cracks.
Mixed oscillator signals — risk of fakeouts and lack of clear momentum.
🧠 Conclusion:
OmiseGO remains in a consolidation with a bearish tilt—weak MA structure, neutral RSI, and key decision zone at $0.18–$0.19. A clean breakout above $0.20 could shift bias, otherwise downside pressure remains intact.
⚠️ **DYOR – Not financial advice.**
📈 #OMG #OmiseGO #Trading #Crypto #TechnicalAnalysis #Altcoins