SUMMARY
OmiseGo (OMG) broke out of the symmetrical triangle and has surged to complete wave 1 and 2. It is thus now working on wave 3 up targeted for $44.20. However, if wave 5 equals wave 1 then $49.67 should be hit. Remember that once five waves are done, there is a requisite a,b,c correction, at or about $49.
The OMG/BTC is being targeted for 0.0046 BTC for wave 5. Wave 3 target is 0.0042 BTC. Note how price went below the apex of the symmetrical triangle and this is quite ok as you can see, price had no problem rising and impulsing up!!
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!!
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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.**