SUMMARY
OmiseGo (OMG) is a coin I'd been recommending since the sub $6 days. It holds significant potential, even with the current correction which is likely to be seen as a phenomenal buying opportunity most missed.
Following the impulse (white waves), the chart below shows the resulting abc and similar to BTC, the bull wick provided what could be a cleansing of the sellers. As price is now breaching upside of the upper blue line, it's imperative for it to remain above and not return inside. The breach must be decisive as it will enable the start of a trend reversal.
The hourly chart shows greater detail. From the Bull Wick, there was an impulse as shown by the white waves. The second blue impulse round has likely started and the key would be to place a higher high than the prior white wave 5. This would confirm greater confidence of a trend reversal.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Bitcoin and the alts seem to be stuck in a narrow range. Looking for the news to cause the next breakout....either way.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
$LINK $ELF please!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin, would you say we got that impulse? We hit $15.5
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As with most of these coins we are on the edge of a turning point. If bitcoin rises they will follow. If it crashes they will tumble as well. As @haejin says bitcoin is the moon that pulls the tides of all the other cryptos.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
this is a very informative news for us....tnx
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You can say that again @tonoymahmud
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
okay
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post. highly informative
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great information
and extraordinary developments. I have to learn a lot from you
thank you
Vote me
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OMG is a solid business. Ripple I don't touch in case it disappears on me one day. Just me.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Done mind giving it a trial. I am open to risks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the analysis. Upvoted and Resteemed by @cryptoryno33
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i can say that steemit is gorgeous most helpful sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
When you copy/paste or repeatedly type the same comments you could be mistaken for a bot.
Tips to avoid being flagged
Thank You! ⚜
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been a huge OMG fan for a while now. Hoping it can break out from BTCs weight and go on a run!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Looks like we have some good news for the holders of OMG. That looks like a nice 30% profit. Can you do one for Ripple? I don't think I have seen you touch that crypto yet.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ripple is not really a crypto
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OMG just refuses to run up. Its been down way to long.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks i can say that steemit is gorgeous most helpful sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
a very helpful information...thanks for sharing @haejin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is a very informative news for us.....!!!!!!
Thanks for your kind information........
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you Heijin! Bought some today!
Also, for those interested in $gto, this is a great way to get some free $gto from Binance:
http://referral.gifto.io/gifto2/#/?invi …
Remember my invite code: 3216
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Isn't that an inverse head and shoulders?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OMG
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OmiseGO holders will have their day!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit