OmiseGo
Short

Rebound successful. Now resuming the downtrend. Short.

440
OMGUSD has followed the curve pattern making a new Lower High within the 1D Channel Down (RSI = 35.624, MACD = -0.624, Highs/Lows = 0) and will now either trade sideways to 4.000 in order to exhaust the consolidation or test 2.6561. In both cases the underlying trend will remain bearish. TP = 2.6561 and 1.4942 in extension (but under circumstances for which updates will follow).

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