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?
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Bitcoin and the alts seem to be stuck in a narrow range. Looking for the news to cause the next breakout....either way.
$LINK $ELF please!!
@haejin, would you say we got that impulse? We hit $15.5
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.
this is a very informative news for us....tnx
You can say that again @tonoymahmud
okay
Great post. highly informative
OMG
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.
ripple is not really a crypto
i can say that steemit is gorgeous most helpful sharing
When you copy/paste or repeatedly type the same comments you could be mistaken for a bot.
Tips to avoid being flagged
Thank You! ⚜
I've been a huge OMG fan for a while now. Hoping it can break out from BTCs weight and go on a run!
Isn't that an inverse head and shoulders?
OMG is a solid business. Ripple I don't touch in case it disappears on me one day. Just me.
Done mind giving it a trial. I am open to risks!
Thank you for the analysis. Upvoted and Resteemed by @cryptoryno33
great information
and extraordinary developments. I have to learn a lot from you
thank you
Vote me
OMG just refuses to run up. Its been down way to long.
thanks i can say that steemit is gorgeous most helpful sharing
It is a very informative news for us.....!!!!!!
Thanks for your kind information........
Thank you Heijin! Bought some today!
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Remember my invite code: 3216
a very helpful information...thanks for sharing @haejin
OmiseGO holders will have their day!
This post was posted by Haejin. Haejin does work to damage the steem economy and commnity, you should look to fight against this blatant abuse of power. Upvote this comment, hold up the middle finer to haejin.
Morons