OmiseGo continues to deny the upward trend, which occurred just yesterday, when it reached $9.2. It is also the 88.6% Fibonacci retracement of the previous wave up.

If the price remain above this support, there could be a trend reversal. Very interestingly, the nearest strong resistance is observed only in the region of $ 88, which is nearly the growth potential of the X10. Resistance is confirmed by two Finami first applied through a record high, and then applied through the current corrective wave down after the break of the trendline of the downtrend.

However, downside risk remains and will be valid only in the case if OMG/USD closes below $7.1 low set in February. Only in this case, the downtrend may continue.