OmiseGO (OMGUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, OmiseGO began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 7, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, OmiseGO should be heading next towards the September 7 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can see the five wave advance from the July 16 low even better in the line chart.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "OmiseGO will takeout the September 7 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "OmiseGO will drop below the July 16 low".
If you think OmiseGO is in a range, upvote this post and upvote the comment "OmiseGO will stay in a trading range between the July 16 low and the September 7 peak until October 30".
You can upvote the comment until 3 PM EST September 30 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).