Resistance at MA100 and 11.40 before new strong bullish movement
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Bulls are back.
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Market consolidating above MA100. Bulls still in control.
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As expected an expanding correction Elliott wave is ongoing.
target 1: 16usd
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From the aboce picture we can see the daily MACD crossing.
Price bounced from 4hr - MA100
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As drawn above OMG corrected after hitting resistance at 11.40. Now bouncing from 1hr - MA50
Bulls are controlling the market - expanding correction Elliott wave is ongoing
OMG eyes 16 usd
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OMG sitting on MA100. Possible new bullish movement. expanding correction Elliott wave still in place
target 16usd
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OMG sitting on MA100 and support trend.
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OMG in a critical last support. OMG seems to have failed to stay above MA100 and now is trying to bounce off trend support. Failing here will be necessary to look for lower supports as in pictures and daily MA100.
@Maximilian108, i don't think it's a H&S. More likely a Wolfe wave pattern. Or an expanding corrective elliott wave
Paydas
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totally agree with you...Even we will not be seeing levels of point 5...OMG will increase a lot in my opinion...Why do you think Mr.Vitalik (founder of etherium) is the advisor to OMG? :-)
IamCryptoWolf
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@Paydas, huge potentials for omg. great team and already different partnerships. Mr Vitalik and Mr Poon as an advisor. And don't forget about the plasma...