OMG-BTC
OMG Strong SupportLots of signs that point to OMG remaining strong and due for an explosive ride upwards this weekend.
RSI slowly heading towards oversold status while it continues to test support at the 190k level. We had a cross of the base line in the Ichimoku cloud, but we're going to need heavy sell pressure to bring it both below the cloud + break through the 190k support in addition to the uptrend channel.
Not only that, but volume is still near the ATH. I expect possibly one more dip to the 180k if it does break through the first support, but then a subsequent continuous rise up. www.coinigy.com
OMG Elliot Wave - Need help with correction phaseSo I'm really new to Elliot Wave, but I enjoy the theory as a basic concept of human behavior.
The first 5 waves of OMG seem relatively clear and straight forward. I have more trouble with the correction waves as there seem to be more variations.
If anyone out there can assist, would really helpful. Also, interested in a projection on breakout out of the triangle.
Thanks
OMG BTC Long entryOMG setting up for a glorious 3rd pump. Chart looks healthy. 3 target zones clearly marked. Be sure to take profit in Zone 1, as BTC is king right now, and there are no moonshot guarantees, no matter how promising the coin. The more risk averse may wish to wait for confirmed break out before entering. Those comfortable with more risk exposure will likely opt not to wait for price to hit the bottom of the wedge before entering.
Good luck to all.
-Alamo
OMG / BTC - Cup and handleWell it's happening already, looks like a strong bull tonight, in case BTC stays stable.
Happy trades!
Target 1: 0.00200000
