Long
OMG/USD - Wave five to $10 or more
OMG is looking excellent, we completed the correction of wave 4 which did a nice ABC and we bounced at the perfect support line (channel support + Fib 78.6).
Now we are in a clear ascending move which just started.
First target is at Fib 50% or $5, however wave five will take us higher with a conservative target of $10, however, the parallel channel can give us higher targets, such as $15 or more.
The previous ATH of OMG in 2018 took us to $30 so the above targets are conservative in that context. A target of > $15 also seems reasonable and realistic.
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Now we are in a clear ascending move which just started.
First target is at Fib 50% or $5, however wave five will take us higher with a conservative target of $10, however, the parallel channel can give us higher targets, such as $15 or more.
The previous ATH of OMG in 2018 took us to $30 so the above targets are conservative in that context. A target of > $15 also seems reasonable and realistic.
Like and subscribe!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.