OMG/USD is following pretty clear cut Elliott Wave patterns. Only short term target are valid since wave 3 is not complete yet. I will update after wave 3 finishes.
After my original idea was invalidated, it turns out the second chart with a running flat was correct in my previous post. Here is my updated count and prediction. Anyone who disagrees please let me know, I'm always looking to improve!😁
This clearly looks to have bottomed out.
After charting out two possible Elliott Wave formations, I believe we are either on wave 2, or wave 4 of 3. Regardless, the 0.236 Fibonacci retrace lies right at the weekly support. Throughout bitcoins's historical price action, a 0.236 retrace seems reasonable. Given the confluence of these two possible wave counts and the weekly support, laddering in down to...
Title says it all, targeting the daily resistance.
Good volume breakout and trend reversal identifications got fil all the way to the moon. I drew him on there😁 Given the lack of resistances above this price, I cannot truly do technical analysis any longer. I may follow up with some Elliott Wave in combination with RSI if price continues to rise! (If your wondering, fil is an amazing astronaut and is thoroughly...
Great volume breakout right after crossing the trend line. Ive also added a fancier moon for astetic value😛