Let’s take a closer look at the movement of both these coins and determine if they will reach their targets.Current ACTIVE #altcoin trades right now: $WAVES and trying to enter in $OMG. I'm also in many big cap $ALTS that I haven't really touched a ton for weeks now and am up comfortably on all of them. Still believe the alt market is bullish and plan on hodling for a bit longer. pic.twitter.com/GT8kKrFXvN
— Altcoin Sherpa (@AltcoinSherpa) February 17, 2020
OmiseGO (OMG)
The OMG price has been increasing since January 9, at one point having done so by 79%. The current price is 46% higher than that on January 9. The price is trading above both the 50- and 200-day moving averages (MA), which are very close to making a bullish cross. In the future, it is expected that the price will use them as support. The main support area is found at 11,000 satoshis. Once the price reached it on February 17, it created a bullish hammer, which is considered a reversal candlestick.

OmiseGO (OMG) Highlights
- There is support at 11,000 satoshis.
- The price is trading above significant daily moving averages.
- There is resistance at 17,500 and 23,000 satoshis.
- The weekly RSI is bullish.
Waves (WAVES)
The most important area for the WAVES price is found at 25,000 satoshis. Once the price broke down from this area in June 2019, the rate of decrease greatly accelerated, leading to the all-time low price of 7185 satoshis reached in December 2019. However, there are strong reversal signs. The weekly RSI has generated bullish divergence. It has only done so once prior, and an upward move with a magnitude of 433% followed. If the same were to happen now, the price would break out above the 25,000 satoshi resistance and reach 37,000 satoshis.


Waves (WAVES) Highlights
- There is resistance at 25,00 satoshis.
- The weekly RSI has generated bullish divergence.
- The price is trading inside an ascending triangle.
- A golden cross has transpired.
Disclaimer
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