- volume stoll holding nicely, just beware the BTC price movements, as most alts follow Bitcoin's price fluctuations.
- possible reverse H&S.
- falling wedge, perhaps a bull flag?
- Omisego has broken out of the first ascending triangle (light blue), and now is bouncing within a new ascending triangle (black lines).
- Now hovering around 0.786 Fib Retracement level, if omisego can move past this with momentum, a new bull run should be expected.
- There is a bigger ascending triangle (dotted lines), if OMG can break out of that, expect new ATHs.
Omisego holding strong while bitcoin fluctuates. A good sign indeed. That being said, a btc correction below 9k will surly hit OMG hard, as it will with every other alt.
- ascending triangles have been broken, with positive momentum moving upwards. --- how high can omisego go?
Even though the MACd has crossed, OMG still holding well above Ichimoku cloud - great signs.
Within that Bull Flag we have some pretty standard Elliot Wave patterns forming.
- We have Elliot Triangle Waves (A-E).
-Within that Elliot Triangle Wave, we can see the ABC correction movements
as well as the ABC impulse movements that are forming the overall Elliot
Triangle Wave (A-E).
If btc can get back on track and behave, omisego will most likely take off sooner than later.