OMG.usd has a Bottom? If so, $2.5 would be a good place to look

Like so many alts, another Pump-N-Dump picture.
Only this one had a Pre-Cursor at Coinbase launch.
After the big spike, it has been nothing but decay.

Purple Fib series is taking the first spike as an "impulse".
Gold and Blue fib series is the "Golden Fib" of larger spike.
We are currently near the 0.618 of BOTH of those Impulses.

See "Related Ideas" below for explanation of my concept/religion.

Комментарий:

Zoomed in with a minor fib level added:

would be nice to hold $2.59, which on this timeframe we can see was not easy to surpass.

=======================================================================================================

Комментарий:

Here we are, at the first resistance fib

Time to pay attention!

==============================================================================================

Комментарий:

Not good :(

failed at first resistance. Now 2.59 is a MUST hold, break below could get ugly. Guess it comes down to what USA does next, with stocks, gold, crypto......

=============================================================================================

Комментарий:

Nice bounce

Decent push right into first resistance zone

.

Zoom IN (1 min)

looks like it intends to break that resistance.
That is also $3 round figure, would be marvelous to hold.

============================================================================================

.

Комментарий:

So the resistance in above snap definitely proved itself.

Now bulls really need to hold that gold fib at 2.7894.
Strong bounce from that fib could get us to new local highs.

==================================================================================================

.

Комментарий:

Nice bounce from the Golden fib www.tradingview.com/chart/kmCh5Ye0/ Now up into that resistance again.
We might have enough energy to break and hold this time.
But until it happens we can not be sure.

=====================================================================================================

.

Комментарий:

Oops, wrong link above.

Here is the snapshot

================================================================================================

.

Комментарий:

Got past the resistance show in Pic Above, and now back to test from top side

Pretty key moment here.
A good bounce here would lay a good foundation for uptrend support.
Small pierce would be ok, but if it just falls thru it will be bad sign.

========================================================================================================

.

Комментарий:

15 min view

it was making some strong moves until stocks and btc dumped. Now needs to hold 2.7894

==================================================================================================

.