Woolhead

Omesi Go quick analysis

BITTREX:OMGUSDT   OmiseGo / Tether
Not a very indepth analysis as of yet, since BTC             is having massive price changes. A lot depends on the direction BTC             is taking.

Keep in mind the price balloons that I placed. The blue support trend line is a major player here, and we haven't tested it in a while. I wouldn't be surprised if this line would still work in the coming three months. Once that support line breaks, it'll be a long time before you'd see OMG back in the 20's again.

As for targets, the first target will be 30 dollars: both psychological, plus fibonacci resistance line. After that I think OMG will take a little break before pushing to the next fibonacci line.
Stop loss can be set slightly below every fibonacci line. Keep in mind though that the real stoploss is the blue support line.

I will republish this chart once there is more information available.

If I made you money, please consider buying me a beer:

LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs
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