OMG (OMISEGO): Analysis Shows That Correction is Nearly Complete, If Not Already
SUMMARY
IF price goes below the upper white trendline and stays there, then we have a different scenario and analysis will be updated. The price neared the upper white line, I had posted a criticaljuncture alert and noted the significance of breaching the upper white trend line. I believe a wider scoped perspective always prevents myopia.
A breakout is very likely and the purple Elliott Waves project an impulse rise for wave 5. This would be a 280% profit potential. Will this happen overnight?No, it'll happen in a five wave impulse.
A full label of waves, subwaves and pattern is showing a culmination of technical events that is signaling an impending trend reversal. The future price pathway projection shows primary to be the blue Elliott Waves with a target of 2,254 Satoshi.
Price is also starting to gap and the direction is upwards. Usually, this signals a sizable rise potential in buying interests. Let's see how the price pans out in the next few days.
Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
