OMG has nearly formed the pattern "cup with handle" - what is a bullish pattern.
the right end of the "handle" should end at the fib retracement 1 (ATH).
The price would then continue to rise further to new ATH.
aim: fib retracement at 161.8% (31.83$)
stop at actual support, fib retracement 78.6% (~18$)
MACD: neutral - negative
RSI: in positive terrain but falling
Volume: low (negative)
MA9: below the actual price (positive)
We´ve to wait if the fib retracement will be broken and the bullish pattern will be ended as mentioned.
the right end of the "handle" should end at the fib retracement 1 (ATH).
The price would then continue to rise further to new ATH.
aim: fib retracement at 161.8% (31.83$)
stop at actual support, fib retracement 78.6% (~18$)
MACD: neutral - negative
RSI: in positive terrain but falling
Volume: low (negative)
MA9: below the actual price (positive)
We´ve to wait if the fib retracement will be broken and the bullish pattern will be ended as mentioned.