Omgusdt
OMG just completed Elliot triangle wave (ABCDE)This looks like an Elliot triangle wave (ABCDE) completing, following the 1 to 5 rally. ready to start upwards again. Fundamentally OmiseGo is a very strong product that is not directly affected by China banning ICOs. There are rumours of a partnership with Google coming up and the overall product has amazing potential, I am long this one! I am new to technical analysis so please, if I have got this wrong I value constructive feedback.
OMISEGO: Bat FormationOmisego recently made new highs. The question is, should you buy this level? I personally do not like buying at new highs, because the chance of it rolling over is high. Often time you will find new highs will be followed by a retrace back to multiple previous support area. But at these level, opportunities are presented if you can identify them. Here I see a bat formation forming to retest the new high. This trade can give us a 17% with a 5% loss. What are your thoughts?
Trade with care.
