OmiseGo Could Correct Down

ที่อัปเดต:
After finding the support at $5, OmiseGo went up to almost $30, resulting in a huge 445% growth in just over a month. Obviously, $30 psychological round number has acted as a strong resistance, which is also confirmed by the 261.8% Fibonacci retracement level.

While the $30 resistance is respected it is likely that OmiseGo will correct down towards either $20 or $17 support levels, that is 161.8% and 127.2% Fibonacci retracement levels. At the same time trend remains bullish and the resistance should be watched for a breakout where the uptrend might continue. Nevertheless, now it could prove to be risky buying OmiseGo as the resistance is holding.
บันทึกช่วยจำ
OmiseGo still within the trading range, first support rejected, so could go higher
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
downside target reached
Chart PatternsconsolidationcorrectionOMGOMGUSDomisegorejectedresitanceTrend Analysis

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