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Omisego (OMG) Analysis: Sideways Price action Could Carve Out a Triangle Pattern by haejin

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omisego · @haejin ·
$64.17
Omisego (OMG) Analysis: Sideways Price action Could Carve Out a Triangle Pattern
<center>![](https://steemitimages.com/DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY/image.png)</center>
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**SUMMARY**

Omisego (OMG) might take the sideways price action option. Prior smaller wedge pattern allowed a near four month time exension; and likely the current pattern of an abcde triangle is being porcessed to consume even a longer serving of time. What's key is that the lower white line needs to hold as support. IF this support breaks, the downside targets can be deep low.
![](https://steemitimages.com/DQmRsr55tmxJVy7VD8Fgr6FJJAKgxtoM6ivgak1LRUNGirJ/image.png)

The closeup chart shows the projected pattern of the two remaining waves d,e. Each will be subdivided by an abc (white). The support line has held thus far but this correction could also morph into a more complex type but those scenarios won't be reviewed unless the triangle becomes invalidated. 
![](https://steemitimages.com/DQmV2dhZMKmeu8mTbNYprZwer7rf2Uh3Bzr5hBfjBXiRiSe/image.png)


**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



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vote details (300)
@andriustovis · 
I 'm betting  5 Steem dollars that Omisego won't make triangle as @haejin predicts! Who wants to take this challenge?
👍  
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@anupomdas · 
Really great post thanks for the good information i am following all post
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@bitgeek ·
comment
Congratulations @haejin, this post is the fifth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 51 and the total pending payments to posts in these categories was $2450.09. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-11th-march-2018--part-i). 

If you do not wish to receive these messages in future, please reply stop to this comment.
👍  
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@bram17 · 
Upvote https://steemit.com/special/@bram17/reuni-stain-malikussaleh-angkatan-2010
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@chickenburger · 
nice post
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@cryptolegendhodl · 
Heijin. Which do you like better? Digibyte or Steem?
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@eleare · 
Thank you @haejin, please take a look at Monaco (MCO) whenever you got some time to spare! 

Thanks for your work senpai.
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@farazali1850 · 
It is a amazing post
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@gailus · 
OMG medium-target: $34

https://steemitimages.com/DQmQjECvxZ6v8b7LoJywrUTgWxFLbsanqFd6WFCd6thE4c5/2018-03-11%20%C3%A0%2019.02.46.png
👍  
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@andriustovis · 
Your target should be 7$ first :) It will plunge below previous low!
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@haejinsucks · 
Dear @haejin<br><br>You have been flagged via the flag-a-bitch app. The reason is you have been found to be <a href="https://steemit.com/haejin/@haejinsucks/comparrison-of-reward-fund-used-by-different-people-in-the-flagging-war">Raping the reward pool</a> with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a <a href="https://steemit.com/haejin/@haejinsucks/a-haejin-mock-portfolio">simple check</a> with a mock portfolio will provide a negative value.<br><br>The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.<br><br>If you would like to help us out with our quest to fight abuse you can check out our post <a href="https://steemit.com/flagabitch/@haejinsucks/flag-a-bitch-app">here</a>.<br>Thank you!
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@ijunkazama · 
Best your post,
I'am reestem ok
👍  
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vote details (1)
@lizzieharrison · 
Thanks for the update my friend.
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@monisnasir · 
There is mess all around the crypto market... Price is falling very badly be it on steem ot btc... I don't think anyone can give a solid pridiction this time...last month what we predicted is all opposite to what we have right now.... We were expecting a huge rise but itz hugeee fall....
Going very toughhhhh....hope to see some relaxation ahead
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@rasor · 
![](https://media0.giphy.com/media/HTw3q7rUiySZi/giphy-downsized.gif?cid=f56849795aa5783f594c69635987e693)
👍  
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vote details (1)
@rollandthomas ·
$0.06
Price is range bound.  Big buyers at $9 and Big sellers at $22.  Price bounced off of the 200 ema recently.  If price can take out the highs of the previous several days, 1st target is $18.

![](https://steemitimages.com/DQmdAW8uQWMm4NfktZXhUTSMBmRYqmJwJNWgfkDsryBA47r/image.png)
👍  ,
properties (23)
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permlinkre-haejin-omisego-omg-analysis-sideways-price-action-could-carve-out-a-triangle-pattern-20180311t172701699z
categoryomisego
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root_title"Omisego (OMG) Analysis: Sideways Price action Could Carve Out a Triangle Pattern"
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vote details (2)
@statsmonkey ·
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properties (22)
authorstatsmonkey
permlinkre-omisego-omg-analysis-sideways-price-action-could-carve-out-a-triangle-pattern-20180311t201223
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root_title"Omisego (OMG) Analysis: Sideways Price action Could Carve Out a Triangle Pattern"
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@talhajaved8 · 
thats pretty useful info
properties (22)
authortalhajaved8
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@thabiggdogg · 
![Censor.gif](https://steemitimages.com/DQmeBZwikJfB61mcoS6tKjMVnfzAree4hhhauepNLSUh24K/Censor.gif)
👎  
properties (23)
authorthabiggdogg
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vote details (1)
@truce · 
**This gonna move how BTC move because its value is based on it being compared to BTC, truce**
properties (22)
authortruce
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