Omisego (OMG) Analysis: Sideways Price action Could Carve Out a Triangle Pattern
SUMMARY
Omisego (OMG) might take the sideways price action option. Prior smaller wedge pattern allowed a near four month time exension; and likely the current pattern of an abcde triangle is being porcessed to consume even a longer serving of time. What's key is that the lower white line needs to hold as support. IF this support breaks, the downside targets can be deep low.
The closeup chart shows the projected pattern of the two remaining waves d,e. Each will be subdivided by an abc (white). The support line has held thus far but this correction could also morph into a more complex type but those scenarios won't be reviewed unless the triangle becomes invalidated.
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Price is range bound. Big buyers at $9 and Big sellers at $22. Price bounced off of the 200 ema recently. If price can take out the highs of the previous several days, 1st target is $18.
OMG medium-target: $34
Your target should be 7$ first :) It will plunge below previous low!
Best your post,
I'am reestem ok
I 'm betting 5 Steem dollars that Omisego won't make triangle as @haejin predicts! Who wants to take this challenge?
Congratulations @haejin, this post is the fifth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 51 and the total pending payments to posts in these categories was $2450.09. To see the full list of highest paid posts across all accounts categories, click here.
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Thank you @haejin, please take a look at Monaco (MCO) whenever you got some time to spare!
Thanks for your work senpai.
There is mess all around the crypto market... Price is falling very badly be it on steem ot btc... I don't think anyone can give a solid pridiction this time...last month what we predicted is all opposite to what we have right now.... We were expecting a huge rise but itz hugeee fall....
Going very toughhhhh....hope to see some relaxation ahead
Heijin. Which do you like better? Digibyte or Steem?
Upvote https://steemit.com/special/@bram17/reuni-stain-malikussaleh-angkatan-2010