OmiseGO has been correcting and bottomed at 61.8 fib level and finding support at historical uptrend as my previous analysis have been forecasting:
Reversal signals:
- Daily MACD has crossed, crossing the 0 line will be a confirmation
- Price has break 4hr - MA100 and keeping above.
- Price is bouncing from historical uptrend and acting as huge support.
At the moment we are facing resistance of daily MA50 - MA100.
We could retest historical uptrend and 4hr MA100
Breaking above daily MA100 we could see these targets:
1st target: 11.40
2nd target: 18.78 (1.618 fib extension )
Reversal signals:
- Daily MACD has crossed, crossing the 0 line will be a confirmation
- Price has break 4hr - MA100 and keeping above.
- Price is bouncing from historical uptrend and acting as huge support.
At the moment we are facing resistance of daily MA50 - MA100.
We could retest historical uptrend and 4hr MA100
Breaking above daily MA100 we could see these targets:
1st target: 11.40
2nd target: 18.78 (1.618 fib extension )
Commento:
Although Eth is pushing, OMG/USD is keeping nicely above 4hr MA50 And MA100.
Commento:
All as per forecast
targets confirmed
targets confirmed
Commento:
Rally highly possible
Commento:
OMG keeping above historical uptrend.
bullish targets confirmed
bullish targets confirmed
Commento:
Approaching our first target.
Commento:
... and first target hit.
Commento:
approaching 2nd target
Commento:
2nd target hit.
