Short

Updated

$OMG - Almost 3000% in 6 months, needs to cool down

At a first glance, this entire move looks like an ABC where A= C. The price also rejected hard from the red resistance zone, if the current support level is lost (this is the confirmation for this idea) , I expect the correction till below 2 targets

RSI weekly was heavily oversold and if it breaks blue channel, expect a sell of

Take care

Note

3 weeks later, 1st target hit for 47% drop

snapshot

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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.