imkeshav

$OMG - Almost 3000% in 6 months, needs to cool down

Short
imkeshav Updated   
BITFINEX:OMGUSD   OmiseGo
At a first glance, this entire move looks like an ABC where A= C. The price also rejected hard from the red resistance zone, if the current support level is lost (this is the confirmation for this idea) , I expect the correction till below 2 targets

RSI weekly was heavily oversold and if it breaks blue channel, expect a sell of

Take care
Comment:
3 weeks later, 1st target hit for 47% drop


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