OMGBTC
OMG: More Buying OpportunityOmisego have been quite low for so long. It is only a matter of time this fellow makes a comeback. I think leading up to 2018 we will see Omisego make headline again. Price is starting to find a great support zone and if it can continue holding, this trade will be a success. What are your thoughts?
OMGBTC correction after long...OMGBTC correction after long. The exchange rate will soon reach the correction level. This level is at the level of 0.00100364 level. I expect an increase from this level. I look forward to the second and third wave of the rise. For the third wave to rise, it is a neighborhood of 0.00127010.
OMGBTC halted by BTC surge, Falling Wedge still in play.786 Fib at around mid80K satoshi
(not pictured is .886 fib, that is around 55K should btc go ballistic)
Look for OMG to form a double bottom around .786 and rechallenge the resistance line before committing to this awesomely anticipated wave 3.
OMG! Catching Structural Wave 3OmiseGo has performed well against the risks of capital flight plaguing the altcoin sector over the last few months, managing to stay above the major key fibo level. Currently it has broken through a significant downtrend line, ruptured through BBs to the upside, and is showing bullish signals on the RSI. Its possible we may see a trend reversal, with intraday (swing) trading opportunities.
Possible targets for now to the upside are a MIN TP of $15.90 and a MAX TP of $18.79.
Alternatively, we could see trend resumption and trade as low as $3.46 before bouncing back to the $10 region.
My strategy also involves analyzing the OMGBTC chart, and it should be noted that currently we lack support for a trend reversal in this pair.
*This instrument saw a 3500% increase in value from inception to its peak of $13.70, so a further correction is very possible.
***Bitcoin's bullish cycle has expired, and the impact that this variable may have on the altcoin sector is not clear at this time.
As always, I'll be updating this thread as we go along.
Cheers and GLWT,
-Erik
OMG USD shorter time frameUse this to help inform your trades.
Not a trading advice - just providing info so you can make your own trade decisions...
OMG rose too quickly. expecting a pull back.
The length of the black arrows are the same. after the pullback expecting the rise to extend to at least the length of the black arrow.
Please comment with any questions.