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Omisegousd

OMGUSD has limited upside potential: Short (4hr) tf analysisOmiseGO (OMGUSD) trended downwards after it hit a high of~$24.50 on Jan 7,2018 to the price low of ~$7.00 on Feb. 06, 2018. Price swing from the high of $26.07 on Feb. 13, 2018 to the low on Feb. 06, 2018 is described in the 4hr tf as a corrective (A-B-C) Elliott wave structure (i.e. a correction). Price swing upwards from the low on Feb. 06, 2018 is currently completing another intermediary wave that has been labelled so far as another 3wave move (W-X-Y) upwards, although not yet complete. Projection of wave Y (in red) = 61.8% wave W (in red) gives a price target of $22.85. This is close to the target area indicated on the chart (between $23.26 and $24.52), and therefore increases the chance of OMGUSD reaching the target area. The implication of entire Elliott wave structure upon completion of WXY (in red) is that OMGUSD should sell off with price reaching or moving below the low made on Feb. 06, 2018 (i.e. $7.00). POI= Point of invalidation (Price should not close above $26.07 for this analysis to remain valid = $26.07) after which analysis would be revised.
BITFINEX:OMGUSD
by Coin_Analyst
OMISEGO $20 PROJECTION?!OmiseGo looks to be breaking a key resistance level anytime soon. From this, we may see a medium-term increase to the $20 Mark where will we see some resistance and consolidation before another movement upwards. This is quite a big move for the cryptocurrency, however, the market has been growing at an exponential rate as more Media outlets are consistently talking about the new tech. $20 is also perfectly in line with the 1.618% on the Fibonacci which is also a further indication that we could see a move up to this price. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
BITFINEX:OMGUSDLong
by thomasfar6