A small map for the OMG journey

BITFINEX:OMGUSD   OmiseGo / Dollar
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Omisego seems to have met its target and is back to more "confortable" areas and regain strength.

It is well known all the work that this company is doing in Asia and no doubt its future is bright , however for now my chart shows me that it needs to return to its support areas.
As always my idea depends strictly on the respect of the angles, so the breaking of any zone of resistance could invalidate the idea. On the other hand, crossing the support angles and areas confirms the downward movement.

Best wishes to all....
Bình luận: PUM!! first support touched....If it lose the angle, we already know what's next
Bình luận: The main resistance angle has been crossed, however the whole "crypto world" is resisting to go lower ... so I will give it more time while respecting the blue angle.
Bình luận: The blue angle I call it "breaker" and it helps me confirm the change (in this case continuation) of a trend. Very rarely after breaking this angle the price falls.
For this a new and fresh candle is needed totally outside the angle. In these cases normally when leaving the angle will immediately have the first resistance (from where the fan is drawn).

If do not bring enough strength could start a square pattern

OMG never lost its angle and perfectly touched its support. The position seems quite solid. I do not see that he has the necessary strength to reach his final goal in the area of 30, but he is stable enough to respect his support in 22.

Anyway to avoid surprises an alarm is quite useful.
Bình luận: Never leave the angle, supports still active
Bình luận: Hard to believe that he will evade his destiny again ... we will see how he reacts to this support.
Bình luận: We touch the "hard support" and with it my publication reaches its target.
Thank you very much, I hope this small map was useful for you. OMG should give some respect to this level, however everything will depend on the level of panic felt by the holders.

I hope you found it useful.

Best wishes to all.
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Phản hồi
normstock emaparadise
@emaparadise, It really never lost any support -omg- respect the angle and the horizontal,below those areas the next step is "strong support"

If it continue up, the "angle of resistance" is an important point because would indicate a continuation of trend over the main fan.
+1 Phản hồi
emaparadise normstock
@normstock, Thank You for the explanation!
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