carsonsw

OMG Pair Analysis

Long
carsonsw Updated   
BITFINEX:OMGBTC   OmiseGo / Bitcoin
OMG is still in Downtrend and waiting to breakout.

OMGUSD
1) First wave from ATH to 0.5fibo. Support 6.4
2) Second wave from 11.51 to 0.618fibo
support 6.98
Predict : Third wave from 9.63 to 0.786fibo Support 7.0

LONG buy in position 7.0-7.2
Stop loss 5.6 (20%)
Target : 10.5 -11.50 ( short term) 60%gain , 16.5-17.5 ( long term) 150%gain.

If it drops before 7.0, next huge support 6.0 which is unlikely to happen.

OMGBTC pair
Support fibo0.382 Price 0.0132
Support line Price 0.00121-0.00124

Stop loss : below 0.00120
Target Back to Mean 0.0025-0.00259

Welcome to follow.

Comment:
BTC fall and OMG is stable.

OMG 7.6 is support now.
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