OmiseGo/ Dollar (OMG/USD) Inverse Head and Shoulder Pattern 21st Feb, 2018

OMG/USD

OmiseGo from Dec 11th 2017 started a bull run from $7.80 to $25 on the 9th of Jan 2018. On the 1st of Feb the Head and Shoulder completes its formation at $14 and broke down to $7.1.

From the chart on Fig 1. An Inverse head and shoulders have been formed which indicates a future bullish breakout in coming days. This indicates a buy call before $20 and its expected to hit $25 or higher in the coming days or weeks.

Fig 1. https://www.tradingview.com/chart/OMGUSD/o8saet0F-OmiseGo-Dollar-OMG-USD-Inverse-Head-and-Shoulder-Pattern-21st/

CAVEAT: The analysis is based on Education, my opinion and trading decisions. Good luck and trade with caution.

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