OmiseGo (OMG): Shorter Term Target $15 on its way to $32 or higher.
OmiseGo (OMG) is expected to tag higher highs. The breakout from the Bullish Downward Pointing Symmetrical Triangle was decisive and now its a matter of impulsing up. I've labeled the subwaves of blue wave 3. I expect $15 or so range but as in prior analysis, OMG is being consumed by the Jaws of Wealth and so $32 target remains.
Here is OMG/BTC pair with little change. Circled blue wave 1 is complete and now wave 2 is in progress. Target of 0.0034 BTC remains.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**