Forgot to press publish by a bit, so optimal entries are sadly fortfeit.
OmiseGo stalled previously and established a lower low in conjunction with BTC. Later a HL was established, which created a new trendline with pre breakout resistance and the previous low. I have strong confidence in this new low for two reasons, which i will now detail.
4RSI has balanced out at a good 52, upholding the bull trend and giving lots of room to the upside. Secondly, i have noted just since yesterday that some asian alts (namely IOTA, OMG, ANS and WAVES to some degree) react less to BTC dumping. I suspect this is due to BCH acting as a hedge, and an alternate foundation for the alt ecosystem. When BTC pulls back these ALTS hold very well or even go up in their BTC pair.
Entry: ~2.65 SL: Trailing the pennant support line, Currently 2.6 TP 1: 3.16 (30%) TP 2: 3.88 (30%) TP 3: 4.4 (40%)
If signs of a bear break occur to me, i will share them in the Idea. Thanks for viewing, and Happy trading!
@darhon, was searching too and i think in this bull market we can touch recent highs , is a great project were in a bullmarket at the moment .. long BUT there is an airdropp 5 % omg in eth value for each holder so maybe the price will affected by this