This looks like an Elliot triangle wave (ABCDE) completing, following the 1 to 5 rally. ready to start upwards again. Fundamentally OmiseGo is a very strong product that is not directly affected by China banning ICOs. There are rumours of a partnership with Google coming up and the overall product has amazing potential, I am long this one! I am new to technical analysis so please, if I have got this wrong I value constructive feedback.