Fujin777

Fujin777

RSI shows us that we can go a bit lower then bounce from support line. This way we will start forming the Double Bottom pattern. Breaking 0.236 fib lever will confirm the reversal. Next target is at 0.5 fib retracement level. The main target for upcoming weeks is a previous high. Today's News about Aeron App to be released on the AppStore may help to speed up...

Fujin777

OmiseGO has crossed the local (March) downtrend line as well as 0.236 fib retracement level. This may be interpreted as one of a reversal signals. Possible scenario: OMG goes up to 0.618 fib level (Target 1), then bounce back to somewhere between 0.236 and 0.382 levels. After that it may turn back and finish the right shoulder in inverse Head & Shoulder pattern....