After WXYXZ correction, OmiseGo's price went upward in a 12345 impulse wave and had an ABC correction. Since the price action formed a downward channel and is currently interacting with the support at 13$. If that support is being broken I am expecting the price to fall further to 0114 Fibonacci level or 10$. In the grand scheme of things, this will be the wave 2 of a larger cycle count. If this scenario plays out accordingly, after the expected downfall we are going to see new all-time highs as the target of wave 5 is at 32.6$.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.