OmiseGO Showing Bullish Setup

OMGUSD is showing clear bullish setup, since we saw a big spike down 2 days ago to around 78,6% Fibonacci retracement. So, from July to September we clearly see impulsive rally with five waves up into wave 1/A and from September to the end of November we see nice and clear three-wave (a)-(b)-(c) correction into wave 2/B. This is ideal pattern for bullish trend in Elliott Wave theory. So, we expect that "Omise will GO GO" towards new all-time highs into wave 3/C, where we see first target around 16 level, just keep in mind that bulls will be confirmed above 10 level!

Comment:

OmiseGO nicely up and we can say it's bullish confirmed, so we expect more upside here towards 16 level.

Comment:

OmiseGO close to our projected level, but keep in mind that this is just our first minimum target projection, so we could see even much higher levels!