Critical point. Still short.

٢٩ أغسطس ٢٠١٨

Omisego is now testing the Lower High limit (4.64) of the 1D Channel Down (RSI = 49.533, MACD = -0.380). Technically the price should now resume the downtrend within the channel. If however the High breaks, be prepared for 8.44 as it is where the Resistance on the 1W Falling Wedge (green lines) is located (MACD = -2.073, Highs/Lows = -1.9711, B/BP = -4.8835). Until then the short targets on OMGUSD remain 2.6561 and 1.4942 in extension.