OmiseGo, using the OMG token is a crypto-focused branch of the traditional and well-established Asian payment gateway, Omise. It is as close to a bluechip coin as it gets and I have very high hopes for it in future. They have recently been in a fairly consistent bull channel despite not having the most announcements or the best general public relations, so we can expect any large piece of news or project update to have a large effect.
However, I cant ignore the possibility of entering at least a mid-term correction phase, if not, god forbid, a full-blown bear run. I have set two different potential short positions that i feel can be mixed and matched, meaning you have a total of 2 entry and 2 exit positions to pick from.
For entry points (or exit if you arent shorting), one is near where i suspect the top of the current wave may peak, and the other, if youll need more convincing of a bear market, is set for if the price breaks the current round bottom support trend.
For exit points (Or re-entry if you arent shorting) I've marked one around a known support line, and the other near where i suspect the elliot waves should take it.
However, I cant ignore the possibility of entering at least a mid-term correction phase, if not, god forbid, a full-blown bear run. I have set two different potential short positions that i feel can be mixed and matched, meaning you have a total of 2 entry and 2 exit positions to pick from.
For entry points (or exit if you arent shorting), one is near where i suspect the top of the current wave may peak, and the other, if youll need more convincing of a bear market, is set for if the price breaks the current round bottom support trend.
For exit points (Or re-entry if you arent shorting) I've marked one around a known support line, and the other near where i suspect the elliot waves should take it.
