OmiseGO made five waves up into wave A between July 2017 and September 2017, which is a signal for bulls. Since last month is moving sideways, which is a signal for a correction. We can clearly see that OmiseGO is forming a big triangle pattern into wave B, which tells us that OmiseGO could continue higher.
In a lower degree we see that OmiseGO is pointing into wave D to arround 10.0 and 61,8% Fibonacci retracement, so from there be aware of another decline to arround 7.0 - 8.0, where see a support for wave E and where triangle should be completed.
In a lower degree we see that OmiseGO is pointing into wave D to arround 10.0 and 61,8% Fibonacci retracement, so from there be aware of another decline to arround 7.0 - 8.0, where see a support for wave E and where triangle should be completed.
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OmiseGO declined from projected resistance, but be aware that maybe we are still in wave (b) of D, so (c) of D up is still missing. If we are from any reason already in wave E now, then keep in mind that completed triangle will be confirmed only above previous wave B and 11.53 level!!
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Triangle can be near completion.. just sayin'
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OmiseGO finally found support and bounced higher. We still see two possible counts for OmiseGO, but good thing is that both are bullish! The first one is that triangle is not yet completed and we are now in wave D, the second alternate one is a chance that triangle is already completed and we may finally see a rally with five waves up back to all-time highs! Keep in mind that bullish confirmation is only above 11.53!
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