Here OmiseGo finally breaks out of the long term downtrend it faced after being introduced to the world and pumping to high heavens. As BTC corrects down, it is nearing the end of the 'B' wave. This should confirm BTC's bear market and thus will make alt coins and their holders very happy. ETH also appears to be showing bullish signs and thus the cards seem to be in place for an Omise pump. Analyzing the MACD we can see that there is bullish hidden divergence in place. Smaller timeframes (I.E 1hr) also depict bullish divergence for the move which breaks out of the correction.
Entry point is $6.40 T1- $8.50 T2- $10.00 T3- $12.00
noticing the elasticity between ETH and OMG and NEO.... if we see eth here pump, expect NEO and OMG to follow, or perhaps lead the way?
ArmandBouillet
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@ScottWilhelmsen, honestly with the recent volatility in bitcoin/bch market its hard to say... its been impacting the market as a whole in a large way. That being said in my experience ETH tends to lead while OMG follows. This is obviously due to the tight links between Vitalik & OmiseGo. NEO doesn't really fit here for me, has there been frequent correlation between NEO and ETH ?
mcandi
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Great! Following.
Thanks!
gtk123
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We are waiting since a long time around OMG's table for a piece of the pie, but it seems like the owen in broken.