SUMMARY
OmiseGo (OMG) is one of those kernels of corn that pops later, and that's ok! It would be silly if al pop corn kernels popped all at the same time. No different with the Popcorn Sympohony of Altcoins!
Below chart shows a downward pointing bullish symmetrical triangle and the price has been hugging the lower triangle support line. The blue line is showing what could be the makings of a cup & handle pattern. Elliott Waves is also marking the price pathway towards $37.43. So, is it worth waiting for this kernel to pop? I think so!
Here is the OMG/BTC, which is clearly lagging the OMG/USD pair. One more little lower dip in price could be needed, but not required. That would then finish off the last remaining wave 5 subwave of c. I've added the blue impulse waves that aim for 0.0034 BTC.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**