OmiseGo (OMG): Breakout Impulse Could Signal Bottom
SUMMARY
OmiseGo (OMG) is a coin I'd been recommending since the sub $6 days. It holds significant potential, even with the current correction which is likely to be seen as a phenomenal buying opportunity most missed.
Following the impulse (white waves), the chart below shows the resulting abc and similar to BTC, the bull wick provided what could be a cleansing of the sellers. As price is now breaching upside of the upper blue line, it's imperative for it to remain above and not return inside. The breach must be decisive as it will enable the start of a trend reversal.
The hourly chart shows greater detail. From the Bull Wick, there was an impulse as shown by the white waves. The second blue impulse round has likely started and the key would be to place a higher high than the prior white wave 5. This would confirm greater confidence of a trend reversal.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Bitcoin and the alts seem to be stuck in a narrow range. Looking for the news to cause the next breakout....either way.
$LINK $ELF please!!
@haejin, would you say we got that impulse? We hit $15.5
As with most of these coins we are on the edge of a turning point. If bitcoin rises they will follow. If it crashes they will tumble as well. As @haejin says bitcoin is the moon that pulls the tides of all the other cryptos.
this is a very informative news for us....tnx
You can say that again @tonoymahmud
okay
Great post. highly informative
great information
and extraordinary developments. I have to learn a lot from you
thank you
Vote me
OMG is a solid business. Ripple I don't touch in case it disappears on me one day. Just me.
Done mind giving it a trial. I am open to risks!
Thank you for the analysis. Upvoted and Resteemed by @cryptoryno33
i can say that steemit is gorgeous most helpful sharing
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Thank You! ⚜