OMGUSD: Still sideways until the Rectangle breaks.

The 2.9590 - 3.8740 Rectangle remains valid (ADX = 33.882) but on increasing bearish bias (MACD = -0.046, Highs/Lows = -0.0418) indicating that a support break out is imminent. Until that happens of course, every spike towards the 3.8740 is a short opportunity since the long term trend remains bearish on 1W (RSI = 36.187). We remain bearish on Omisego with TP = 2.6561 and 1.4942 (long term).