After reaching the all-time high at $29, OmiseGo corrected down to 76.4% Fibonacci retracement level that has been rejected cleanly, together with the uptrend trendline. The uptrend remains valid and the price continues to print higher highs and higher lows on the Daily timeframe.
After rejecting the Fibonacci support OMG/USD once again started to produce higher highs and higher lows, confirming the uptrend on the lower timeframe. Currently, the short-term consolidation could take place, while OmiseGo remains bullish.
The nearest upside target is seen at $35, that is 75% growth potential from the current price. If OMG will correct down, a good buying opportunity should present itself around $17 level. In the worst case scenario price could correct back down to $7 or $11 support levels and only then continue the uptrend.
After rejecting the Fibonacci support OMG/USD once again started to produce higher highs and higher lows, confirming the uptrend on the lower timeframe. Currently, the short-term consolidation could take place, while OmiseGo remains bullish.
The nearest upside target is seen at $35, that is 75% growth potential from the current price. If OMG will correct down, a good buying opportunity should present itself around $17 level. In the worst case scenario price could correct back down to $7 or $11 support levels and only then continue the uptrend.
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Comment:
OMG reached the support
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Time to buy
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OMG at the bottom of the channel
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omisego should reach the target shortly