OMG / USD has most likely finished its corrective wave 4 and has started wave 5 which is going to be composed of 5 waves.
Wave 1 and 2 are probably done and we've started wave 3. The Fibonacci target of the 5th wave is at $34.
Once the 5th wave is over we will have a correction. The Fibonacci targets are aproximately:
38% $21.-
50% $17.-
62% 13.-
So once we reached $34 I recommend to be aware that a correction will be near.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
Nice post. What resource did you use to learn Fibonacci? I want to layer that in to my long-term analysis.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi. Thanks. One book I can recommend is Elliott wave Principle by Frost & Prechter.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks, friend!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post, definitely seeing a rally past the $19 price point since the huge dip yesterday. Problem is, its stopped right at a supply zone that has been tested before, so I'm waiting for a bullish candle for a bullish entry confirmation. Great analysis!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great work and research thank you
With love,
harj : ) xoxo
Abstract artist
(My latest artwork is "Kurt Cobain emotion")
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 6.11% upvote from @bid4joy courtesy of @gailus!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 5.56% upvote from @upmewhale courtesy of @gailus!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 1.22% upvote from @mercurybot courtesy of @gailus!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit