OMGUSD: Still sideways. Approaching a bearish break-out.

Omisego remains neutral both on 4H (RSI = 50.314, Highs/Lows = 0.0000) and 1D (RSI = 47.725, Highs/Lows = 0.0000) as it approaches the 1W Channel Down limitation. It will either be rejected towards 2.000 or bounce to the 0.500 - 0.618 Fibonacci retracement level. In both cases 1W is a strong sell (MACD = -2.179, Highs/Lows = -0.6889, B/BP = -28843) and should make a Lower Low. Our TP is intact for OMGUSD at 1.4942.