OMG topped $13.7 before taking a long complicated correction in a form of WXY.
It is now sitting at the bottom of a prominent Broadening Pattern, given the case, the next 5 wave combo could take us to as far as $30.
That would be a 4x profit opportunity!
Zooming in a daily scale, we can see better the ABCDE triangle, and as it gets to the apex, prices might need a set of five impulsive waves to signal the reversal of the trend, that E could mean a bullish wick setting up the bullish impulse.
- Bearish Scenario
The log chart still shows plenty of face for the retracement, as you can see prices found support at the 50% fib retracement.
The prices might retreat to the 61.8%, that fibonacci golden ratio could also be the inflection point.
In addition, prices might set back down to $5.5 but a potential broadening pattern could change the trend before, so if you're planning to get some OMG, better ladder in your entry, now it's the time.
- Stay connected for more updates
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Good technical analysis: Upvoted:Following.
your analysis helping me understand OMG potential .. might end up purchasing a few