OMG - The beginning of the uptrend in wave 3 / A
The first uptrend, which started in level of 0.3031, ended in the range of 9.82, in continuation the price entered the corrective phase of this uptrend, which is a simple 3-wave pattern that ended in the range of 1.99.12. This corrective movement has been completed in the range of 0.786 Fibonacci ratio.
Then, with the breaking of the downtrend line, we can be hopeful that the downtrend is over, and also by crossing the price from the range of 5.18, we can get the main confirmation.
The general targets are in the range of $ 39, in addition, we can focus on $ 15 and $ 17 as the short-term targets.
Then, with the breaking of the downtrend line, we can be hopeful that the downtrend is over, and also by crossing the price from the range of 5.18, we can get the main confirmation.
The general targets are in the range of $ 39, in addition, we can focus on $ 15 and $ 17 as the short-term targets.
