MysticRekt

OMG Network out of the downtrend

COINBASE:OMGUSD   None
OMG Network $omg looks to have completed its correction/consolidation from its target of 6.4$ dollars. Looking at the chart we can see it has completed a classic ABCDE Elliot wave correctional pattern and has broken out of its descending trendline from August, as well as an inverse head and shoulders pattern with a confirmed breakout at the end. I expect the fib levels in this chart to be tested in the coming weeks before breaking its local high going forward.

The Prophecy is foretold the direction is long until future fib targets are achieved.

Remember this is not financial advice, use this chart as informational only.

Your friend.
-Mystic


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