This is an excellent analysis, thank you so much for sharing and explaining. Please also note that omisego is expected to make an airdrop to ethereum holders any time now. This will also have an impact on the price. Prices usually go down after airdrops because not all the fortunate ones to receive these tokens are planning to hold them and therefore sell immediately.
Information about AirDrop: https://steemit.com/cryptocurrency/@crossedge/omisego-s-airdrop-you-needed-to-hold-eth-on-july-7th
Good luck!