OmiseGo (OMG) finally ready for next pump? Targets $27, $31, $41
Updated
After my last analysis of OmiseGo (OMG) exactly happened like I've predicted it – even if there were some "lol" & "rofl" in the comments – I think OMG is now ready for the next move up.
Bulls holding up the price on the current level since hours.
On Bittrex there is (update: was) ONE BIG buy order of 50.000 OMG at $15.13.
Weak hands sold over the last hours to that price.
We just saw a similar situation on 15th/16th December before the price was going down a bit and then increased heavily.
Bulls will be happy about to get some cheap OMG before the next upwards movement. ;)
Half of the order is already sold while volume increased.
Update: while I wrote this, BTC price was going down what resulted in that the order is now completely sold as well.
Targets should be $27, $31 and $41.
With a heavy resistance at $20. But this wasn't a problem while the last pump as well.
So, my theory is failed if we can not break the resistance at $20 before 29th December.
This is not a technical analysis.
It's more that I've tried to understand the behavior of the current pump.
Let's hope that I am right and that we will see $30 before the end of the year. :)
My trade is already/still active.
Because I re-bought in again at around $10 I don't have a stop-loss for now.
I just let it flow.
Entry level is current price at around $15 or maybe up to $1 less if you think it will go down there.
Good luck!
Make your own analysis.
Trade on your own risk.
Bulls holding up the price on the current level since hours.
On Bittrex there is (update: was) ONE BIG buy order of 50.000 OMG at $15.13.
Weak hands sold over the last hours to that price.
We just saw a similar situation on 15th/16th December before the price was going down a bit and then increased heavily.
Bulls will be happy about to get some cheap OMG before the next upwards movement. ;)
Half of the order is already sold while volume increased.
Update: while I wrote this, BTC price was going down what resulted in that the order is now completely sold as well.
Targets should be $27, $31 and $41.
With a heavy resistance at $20. But this wasn't a problem while the last pump as well.
So, my theory is failed if we can not break the resistance at $20 before 29th December.
This is not a technical analysis.
It's more that I've tried to understand the behavior of the current pump.
Let's hope that I am right and that we will see $30 before the end of the year. :)
My trade is already/still active.
Because I re-bought in again at around $10 I don't have a stop-loss for now.
I just let it flow.
Entry level is current price at around $15 or maybe up to $1 less if you think it will go down there.
Good luck!
Make your own analysis.
Trade on your own risk.
Note
RSI confirms price reversal.MACD confirms reversal as well.
We are about to break MA200 resistance in 1hour chart.
What we need now is volume.
Because it's still a bit... uhm... crippled. :-D
Trade closed manually
Seems like this pattern is failed. If the support in $12.5 don't hold, we maybe we will be able to buy in again at $9-10 area.
Note
A bit late but target 1 reached.
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