OMG/USD Possible correction coming soon!
Hey guys,
I have a possible idea here for OMG/USD. As you know OMG is running hot, and I love the coin myself, but we are super overbought on the daily RSI, and we have not backtested previous support levels.
We have the possibility of 5 Elliot waves being complete, we have possible support at 2.20 area, and a bounce around 3.40-3.50 range which lines up with Fibs.
I would be careful shorting this as the FOMO is real.
Good luck!
Andranik.
I have a possible idea here for OMG/USD. As you know OMG is running hot, and I love the coin myself, but we are super overbought on the daily RSI, and we have not backtested previous support levels.
We have the possibility of 5 Elliot waves being complete, we have possible support at 2.20 area, and a bounce around 3.40-3.50 range which lines up with Fibs.
I would be careful shorting this as the FOMO is real.
Good luck!
Andranik.