Updated

Omisego/Bitcoin - Possible Cup and Handle?

OMG/BTC

- In new price trend
- Ascending triangles
- MACd looking to cross on the 4 hour charts
- Possible Cup and Handle?

Note

This is from the 15 min chart:

- volume stoll holding nicely, just beware the BTC price movements, as most alts follow Bitcoin's price fluctuations.
- possible reverse H&S.
- falling wedge, perhaps a bull flag?

Note

30 moin chart:
tradingview.com/chart/19KamGoB/

- Omisego has broken out of the first ascending triangle (light blue), and now is bouncing within a new ascending triangle (black lines).
- Now hovering around 0.786 Fib Retracement level, if omisego can move past this with momentum, a new bull run should be expected.
- There is a bigger ascending triangle (dotted lines), if OMG can break out of that, expect new ATHs.

Note

Trade active

Omisego holding strong while bitcoin fluctuates. A good sign indeed. That being said, a btc correction below 9k will surly hit OMG hard, as it will with every other alt.

Note

From the 30 min chart:
- ascending triangles have been broken, with positive momentum moving upwards. --- how high can omisego go?

Note

MACd on the 3o min has crossed downwards, indicating omisego see a little correction, before further bullish movement.
Even though the MACd has crossed, OMG still holding well above Ichimoku cloud - great signs.

Note

#0 min chart showing a nice Bull Flag forming, Omisego definitely looks like it can go much higher. - Maybe need some time to consolidate.
Within that Bull Flag we have some pretty standard Elliot Wave patterns forming.
- We have Elliot Triangle Waves (A-E).
-Within that Elliot Triangle Wave, we can see the ABC correction movements
as well as the ABC impulse movements that are forming the overall Elliot
Triangle Wave (A-E).

Vermillionz

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Vermillionz