The time fib arcs show where the price action has been moving over time and the constant rejection from the .786 fib arc.
There is light at the end of the tunnels for those that are long on OMG!
We have found a solid support at 44K sats and we have slowly been creeping back up and most likely will continue moving along the red support line and as always being rejected at the .786 fib arc. Current resistance to break is the .236 fib line as we can see that he has been rejected there a few times.
As can also be seen the MA (21 and 50) are slowly curving back up.
I believe the EW will be part of a much bigger EW at which point after reaching the end of wave 5 we will move on towards new ATH.
Happy trading!
There is light at the end of the tunnels for those that are long on OMG!
We have found a solid support at 44K sats and we have slowly been creeping back up and most likely will continue moving along the red support line and as always being rejected at the .786 fib arc. Current resistance to break is the .236 fib line as we can see that he has been rejected there a few times.
As can also be seen the MA (21 and 50) are slowly curving back up.
I believe the EW will be part of a much bigger EW at which point after reaching the end of wave 5 we will move on towards new ATH.
Happy trading!
تعليق:
Don't know why the circles keep moving every time I publish this so here's a snapshot of the chart and what it's supposed to look like:
تعليق:
Price has moved passed the .786 fib arc level but is still moving as planned.
Whatever the price does in wave 3 doesn't interest me as long as it reaches the target price of wave 3. This might sound weird to some of you but I'm not interested in this going up x times in a few days. I am long term on OMG and prefer by a long shot a sustainable growth.
The price hasn't moved past the upper trend line and is moving back in line with the 3rd was. I expect some sideways price action for coming days whereafter it will continu it's uptrend.
Whatever the price does in wave 3 doesn't interest me as long as it reaches the target price of wave 3. This might sound weird to some of you but I'm not interested in this going up x times in a few days. I am long term on OMG and prefer by a long shot a sustainable growth.
The price hasn't moved past the upper trend line and is moving back in line with the 3rd was. I expect some sideways price action for coming days whereafter it will continu it's uptrend.