OmiseGo (OMG): Pathway to $31.17
I've frequently referenced the "uniformity of sentiment" phenomena that is prevalent throughout the Cryptosphere. Much of it is largely due to promiscuous holding of coins. Many who hold Omisego (OMG) apparently must also own Bitcoin as the pattern similarity is quite uncanny.
The below chart shows the rightward leaning Inverted Head & Shoulders was completed and confirmed, just like that of Bitcoin. The minimum target was also hit at $19.85, and thus the pattern precision oriented. BTW, rightward leaning IHS are more "powerful" as it is more devoid of "sellers".
Similar again to Bitcoin, the larger Inverted H&S is shown in below chart. This is all sentiment driven and thus market leaders are almost always easy to identify. IF this larger IHS completes by finishing the Right Shoulder (RS) and then confirms so that price decisively breaches the white Neck Line; then an impulse Elliott Wave based pathway to $31.17 would be highly likely...all time new highs! The only aspect not positive is that volume doesn't confirm the pattern. However, since Bitcoin's volume confirms quite well; and OMG is following Bitcoin, the "pull effect" from BTC should be powerful enough to negate the abscence of the volume confirmation.
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