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OMG short

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OmiseGo (BITFINEX:OMGUSD)  
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BITFINEX:OMGUSD   OmiseGo
Trend Analysis Fibonacci Fibonacci Retracement
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trendanalysis fibonacci fibonacciretracement
Steady downward trend on OMG, broke out of channel but quickly reentered it. Fib retracement and next support line align at .50 suggest a short to 7.11 seems promising, could go lower but need an eye kept on it. As always do your own TA.

Cheers
Comentário:
Wait for confirmation OMG is staying in trendline after the previous breakout... if it does short with caution...
Comentário:
Secondary breakout of trendline and higher low needs monitoring could be consolidation and signs of reversal. Tread careful
Comentário:
OMG broke out and seems to be have gone into trend reversal... tight stop loss triggered.. can't win em all
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