Price Action (Lower highs and lower lows), + Neckline Target of the large Head and Shoulders, + Trendlines, Channel, + Text book AB=CD Pattern, + Colluding Neckline Target of the Smaller Developing Head and Shoulders. All point to this scenario.
Also all the technicals point to ETHUSD moving up at the same time to finish Wave 5 and 3 respectivly. (See my ETH chart).
I'm going to see if I can add to my OMG holdings for Christmas.
@Cherity, good afternoon! I'm interested what you think the future might hold for the OMG/ETH ratio. Do you see OMG taking over anytime soon? Hitting .04 ? .05? Thanks very much!