OmiseGO (OMGUSD) has broken out of the triangle pattern in the four-hour chart.

https://s26.postimg.org/kkfnahpbt/nimet_n.png

(*Chart courtesy of Tradingview.com*)

In Elliott Wave terms, OmiseGO began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 7, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, OmiseGO should be heading next towards the September 7 peak in the red wave three.

https://s26.postimg.org/4v93o0xa1/nimet_n.png

(*Chart courtesy of Tradingview.com*)

One can see the five wave advance from the July 16 low even better in the line chart.

https://s26.postimg.org/jm8gzoqrd/nimet_n.png

(*Chart courtesy of Tradingview.com*)

https://s17.postimg.org/7zbxkykfz/maarnio.png

If you think this analysis is correct, upvote this post and upvote the comment "OmiseGO will takeout the September 7 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "OmiseGO will drop below the July 16 low".

If you think OmiseGO is in a range, upvote this post and upvote the comment "OmiseGO will stay in a trading range between the July 16 low and the September 7 peak until October 30".

You can upvote the comment until 3 PM EST September 30 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).