Compliance to the 1D Rectangle. Sideways until support

BITFINEX:OMGUSD   OmiseGo / Dollar
OMGUSD is following the projected 1D Rectangle pattern ( RSI = 46.113, ADX = 10.117, Williams = -53.227, CCI = -22.3854, Highs/Lows = 0.0000) trading sideways within 2.9725 - 3.8810. The pattern however has approached its completion point as it meets with the Lower High limit of the 1W Channel Down ( MACD = -2.151, Highs/Lows = -1.0226, B/BP = -3.146). A downside break-out is expected once this support breaks so we remain short on OmiseGo with TP = 1.4942.
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It seems that it has left the desdente channel and started to lateralize
@TheMarco, Thank you for your input. We have to wait for a break out above 5.5 to confirm a long term bullish sustainability.
i think omisego not surviving in this bear market
MDDM Mangaladaymers
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