OmiseGo (OMG/USD)- Uptrend Continues?

BITFINEX:OMGUSD   OmiseGo / Dollar
- MA supports uptrend.
- MACD supports uptrend
- RSI bullish
- wave doesn't really meet criteria, i'll give it a pass (wave 4 retraced to wave 1 slightly)

- fib targets are green boxes
Kommentar: My order is at 16 USD
Trade ist aktiv:

base price $15.5
SL 13.9

Aim for targets, GL
Kommentar: Expect resistance at $18
Kommentar: I was out yesterday at 16.3

Seems like we will get a longer consolidation. Will revisit for sure.
Kommentar: Forgot to update this morning.
my stopbuy was acivated, back in atm.
I like your 5 being the top of wave 3 better. That would mean a wave 4 that didn't break the rules ;)
cherity cherity
@cherity, apart from that it does...

How about this one?

+1 Antworten
AlexCH cherity
@cherity, I am still leaning towards my count because the candle did not close in the region of wave 1. In addition, the wick happened on Dec22 when the flash crash happened. I think it is still going to be valid if we give the wick a pass.
cherity AlexCH
@AlexCH, your wave 4 overlaps 1 massively and not with a small wick. More days worth of price action. I wont be giving that a pass.
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