Long
Omisego Pennant Pattern Breakout
A pennant pattern has formed, and it appears a breakout is confirmed.
Target: $15.50
Target: $15.50
Nota
It appears we are in the thralls of a larger correction, that will require some relabelling of the Elliot Wave numbering. In the interim, there is support at $10.40. If this level is taken out, the next level of support is $9.90. If you're into day trading, you might want to consider liquidating a portion of your holdings when these supports are convincingly broken, and buy back a little cheaper. Otherwise, the market will come back eventually. Still long OMG in the longterm.Nota
I just discovered that there is a bearish pennant forming almost identically in all crypto markets. This is very likely beause Bitcoin is in the middle of a very large Elliott Wave ABC correction, and is taking down all other cryptos with it. If this correction realizes it's full potential, in could be a correction for the record books. Afterwards, the markets will recover, and we will undoubtedly see new highs. But first, some pain. Be cautious and alert.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.