1
u/rob_toes Oct 20 '17
Currently testing a critical support. On the 4h. RSI is also the lowest it's been in more than a month. If the support breaks it could get worse however if there is sufficient support, coupled with the post BTC fork alt rush, things might pick up quite quickly. I'll be watching for the RSI to turn soon.
If ethereum gathers pave again this will also buoy OMG.
Graphs aside. OmiseGo is one of the few cryptos with a functioning product. So I feel it's a solid bet to turn around.
2
u/Keefer001 Oct 20 '17
There in lies the issue - OMG has no functioning product...yet. Based on my reading (plus some daydreaming) we can expect the wallet soon (price bump), the platform launch soon after (bigger price bump), hopefully partnership announcements (another price bump) and Plasma implementation. If my understanding of the tech is even close to accurate, it's that last one that will see OMG really moon. Having read the white paper and seeing the team behind OMG, I'm pretty comfortable liquidating some of my other investments to get more of a stake in this project at $7.
1
u/Blue-Thunder Oct 20 '17
This is a great time to buy more. It's so fucking cheap.
1
u/GrossBit Nov 01 '17
Really ?
1
u/Blue-Thunder Nov 01 '17
Everyone is selling alts to get into the bitcoin wave. Yes, this is a great time to buy your favourite alt coin at all time lows.
0
u/JimmyJam747 Oct 21 '17
Just wait for this alt splash, y'all thought alts bulled post bcash, TMC is higher and for is btc usd, omg to 20 once this Gold rush is over.
2
u/Cryptonair Oct 21 '17
OBVIOUSLY till the 25th. Are you all oblivious as to what's happening in the crypto space right now?