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OmiseGo Full Chart Analysis + AlanMasters TOP Signals DetailedOmiseGo (OMG) Overview OmiseGO (OMG) is a public Ethereum-based financial technology for use in mainstream digital wallets. OmiseGo enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework.Omise, which serves business customers in Japan, Thailand and Indonesia, currently operates an ecommerce platform that lets companies take payments from customers online. It has a full-featured white label payment management platform for these businesses. With OmiseGO, and the OMG token, Omise aims to simplify the barriers to payments by removing the need to own a bank account. OmiseGo (OMGBTC) Chart Analysis Here we are looking at the chart for OmiseGo (OMGBTC) on Binance. We are going to be looking at it from late 2018 until today and focus on the main signals that I look for to find out bottomed out altcoins, or in a potential reversal zone. It is all pretty simple and easy, and we use the same signals almost always as they work pretty well in general, but we also know about chart patterns, candlestick reading, price action, and so much more... Bullish divergence on the MACD (purple arrow). Notice the price of OMGBTC going lower. Now look at the MACD (the first indicator below the chart) and notice the price moving up... That's it, bullish divergence. MACD Bullish crossover (green circle). On the same indicator, the MACD, notice how the MACD (blue line) crosses up the Signal (orange line), I call this bullish crossover... Most likely it has another name in the books but this one easily gets the message across. RSI hit oversold and is trending up. The last indicator at the bottom is the RSI. When it goes below 25 we call this "oversold". This is a buy signal on its own. Low volume. Volume is still low, this is a bearish signal. You want to see above-average volume when you see a bounce of this type... But this can also mean that volume will come up later and that there is still lots of room left for growth. Break above EMA10. We use EMA10 (green line) as the main resistance/support (depending on where it is sitting compared to the price action). Below EMA10 = Bearish. Above EMA10 = Bullish. These are some of the basics, you will see these over and over and over. I came up with these by looking at the charts for hours and seeing how the candles and indicators behave, then practiced to see if I made the right conclusions... I made it all up. In another trade idea, we can take a look at candlestick reading which we also use commonly. Feel free to leave a comment, follow or like if you enjoyed this content. Namaste.
OEducation
by MasterAnanda
13
OMG its bottomed out. 900% PP to previous highSo while everyone or most people right now are fixated on bitcoin and its momentous (and it is momentous) 4x over the past few months, it seems that everyone has forgotten about the alt coins. Personally, I've been eyeballing the altcoins right now and I cannot find a more suitable position to begin accumulation of the coins you want right now. OMG is just an example, but if you take up any many of the other altcoins right now they all look very similar but this is one of the reasons why I'm loving where one of my favourite coins are sitting right now. 1) traded well and into the weekly Bullish OB (marked out with a green box) 2) weekly RSI 9 and 45 moving averages have crossed suggesting beautiful momentum change. 3) RSI "bowling out" especially on the WEEKLY timeframe as well. looks fantastic. 4) I'll attach an image of volume from coinmarket cap, but there is massively increased volume around this area, suggesting large amounts of accumulation is happening 5) 2 Weekly RSI, RSI touched 40 and is now progressing away from it. This suggests to me that overall that this coin is very much bullish since bullish RSI ranges from 40-80(+) I'll add an image containing that image too. Did you miss out on the hype train last time? We waited almost 2 years for this. The time has come and I intend to fully capitalise on this. Timeframe over the trade will most definitely take time. I'm giving this 1 year to play out. charts.cointrader.pro
BITFINEX:OMGUSDLong
by EnZo
OmiseGo Price Analysis OMG / USD: Burning The StashFundamental Analysis OmiseGo has gained momentum after GO.Exchange announced that it is planning to use its profits to burn OMG tokens. GO.Exchange is a new blockchain project from OmiseGo team, and it marks a major milestone for the OmiseGo ecosystem. OmiseGo / USD Short-term price analysis OmiseGo has a bullish short-term bias, with the cryptocurrency performing a bullish breakout on the four-hour time frame. The four-hour time frame shows that OMG / USD bulls have invalidated a head and shoulders pattern, with price now testing back towards the head of the bearish pattern. Technical indicators on the four-hour time frame are bullish and continue to issue a buy signal. Pattern Watch Traders should note that the upside target of the invalidate bearish and shoulders pattern is located at the November 14th, 2018 swing-high. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it is now extremely overbought. MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal. OmiseGo / USD Medium-term price analysis OmiseGo has a bullish medium-term trading bias, with the cryptocurrency attempting a major breakout on the daily time frame. The daily time frame is showing that OMG / USD bulls are trying to ignite a bullish inverted head and shoulders pattern. The attempted bullish breakout has so far proved unsuccessful, with price slipping back towards neckline support. Technical indicators across the daily time frame are bullish and continue to issue a buy signal. OMG / USD Daily Chart by TradingView Pattern Watch Traders should note that the November 2018 trading high is the overall upside target of the bullish pattern on the daily time frame. Relative Strength Index The RSI indicator is also bullish on the daily time frame, although it is correcting from overbought conditions. MACD Indicator The MACD indicator is bullish on the daily time frame and continues to issue a buy signal. Conclusion OmiseGo bulls have successfully invalidated a bearish head and shoulders pattern on the four-hour time frame, opening-the-door for further short-term gains. Medium-term bulls now need to ignite the large bullish pattern on the daily time frame or they risk the prospect of a failed technical breakout.
OLong
by CryptoBriefingTA
OmiseGo Price Analysis OMG / USD: Go, But Where?OmiseGo / USD Short-term price analysis OmiseGo has a bullish short-term bias, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that a complex head and shoulders pattern is building, with the bearish pattern warning of a much stronger downside move to come. Technical indicators on the four-hour time frame have turned bullish and continue to issue a buy signal. Pattern Watch Traders should note that the downside projection of the bearish head and shoulders pattern would take the OMG / USD pair toward the April 2019 trading low. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it is approaching overbought conditions. MACD Indicator The MACD indicator on the four-hour time frame has turned bullish and continues to issue a buy signal. OmiseGo / USD Medium-term price analysis OmiseGo has a bullish medium-term trading outlook, with the cryptocurrency holding price well above its 200-day moving average. The daily time frame is showing that a bullish ascending triangle pattern has formed, with the OMG / USD pair performing a strong technical bounce from key trendline support. Technical indicators across the daily time frame are attempting to turn bullish. OMG / USD Daily Chart by TradingView Pattern Watch Traders should note that a bullish breakout from the ascending triangle pattern on the daily time frame would take the OMG / USD pair towards the November 15th trading high. Relative Strength Index The RSI indicator has turned bullish on the daily time frame and is starting to generate a buy signal. MACD Indicator The MACD indicator is attempting to turn bullish on the daily time frame as medium-term buying pressures build. Conclusion OmiseGo is attempting to recover bullish momentum across both time frames after eroding its hard-fought early month trading gains. The four-hour and daily time frames are currently showing contrasting patterns, which further underscores the indecisiveness towards the cryptocurrency, following the strong early month sell-off.
BITFINEX:OMGUSD
by CryptoBriefingTA