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Bixley
Nov 18, 2021 7:38 AM

OMGUSD Interesting Junction 

OmiseGo / DollarBitfinex

Description

OMGUSD is at an interesting junction as it passes through 2.618
Price tends towards volatility as it passes through these Fib levels within the circles
I favour price to continue upwards, however there is a chance that price falls as it aligns vertically with the circle
It is also supported currently by a rising support which gives me hope

Comments
PatootipSangtong
Is it possible to the price pull back within first quarter 2022?
Bixley
@PatootipSangtong, It looks like price is moving downwards along 2.618. This is contradictory to what I've heard about late 2021, 2022. Which was supposed to be pretty bullish. Anything can happen I guess.
UnknownUnicorn18328134
Thx would be nice if you give us current situation update on it, Big Thx
jmancharts
Nice! Do you have an update on this?
Bixley
@jmancharts, not currently no sorry
BigBuxTrading
what are the details of the circle? ie, why is it's center positioned where it is? it seems random to me from what I see on your chart.... thanks... I'm bullish on OMG btw, so I'm curious about this indicator.... thx
Bixley
@sdubyag, if you zoom out to the left a bit its placed on the strongest bear trend possible, creating the trend
Bixley
@Bixley, and the circle
BigBuxTrading
@Bixley, dont you mean bull trend?
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