OmiseGo Plans To Rise After Trendline Breakout

BITFINEX:OMGUSD   OmiseGo / Dollar
1343 10
OmiseGo showing some strength during the past week. It has managed to break above the downtrend trendline and on a corrective wave down it rejected it. Same happened with the RSI Oscillator breaking the trendline and then rejecting it.

Overall there are signs of emerging uptrend with the first target being near the previous resistance, the all-time high, which is at $13 area. It corresponds with the 327.2% Fibonacci retracement applied to the corrective wave after the trendline breakout.

Daily close below $6 support should invalidate bullish outlook and could extend the consolidation.
Kommentar: OmiseGo Gaining Momentum, time to rise!
Trade ist aktiv
Trade geschlossen: Ziel wurde erreicht: While the $10 resistance area is holding there is the risk of correction
Trade ist aktiv: should get now to the target and potentially beyond
Kommentar: OmiseGo rejected final resistance
What will happen now
HiTech sofiane-sher
@sofiane-sher, potential correction
@HiTech, down to where should we exit and buy low or just hold on
Still active?
HiTech Summys
@Summys, yes
look at OMG/BTC last 12 days. we touched support line and its going up. target 0.00111btc
HiTech dzadzulo
@dzadzulo, so far looking good... expecting target to be reached within max 30 days, but probably much faster
Can i buy now ?
+1 Antworten
HiTech Chroniclez
@Chroniclez, I can't give you advice, but I can tell you that I bought it now
+1 Antworten
Thank you. Doubt we'll see that $6
+1 Antworten
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