Looking back at how OMG has moved over the last few weeks we can see that it has formed a repeated ascending triangle patterns At present after consolidating from its previous ATH is it again forming an ascending triangle and looks prime for breakout witch would take it into the double digits on the $/OMG pair the BTC pairing is playing a little different but...
Having broke out from a small ascending triangle it seems that it has now started a on move upwards to form a wave 1 and then pulling back into a wave 2 of small sub wave set that should play out to form the larger wave that will finalize the current move and wave set that BCH is painting before starting an A,B,C retracement pattern back down. Where it go's...
Sorry bit late posting this i fell asleep !!! As you can see BCH has broken from an ascending triangle pattern for its continuation of the next wave i estimate target area is around 0.255-0.265 area maybe even higher Now is good time to take a position on the pull back of the first sub wave Happy trading
Is Mco is looking set for a new High ? StochRSI is strong on both the 12 and 6hr time frames and getting a solid amount of volume come in... So far it has tagged important Fibonacci extension points that can be predicted from the high of wave 1 both on the solid candle of the previous high of wave 3 of the 5 wave set in relation to Elliot wave theory and also the...