Banking the Unbanked OMGBTC I’ve been swamped this past week & seeing as how I wasn’t feeling too well couple weeks prior I’m struggling my hardest to catch up on all the backlogged inquiries/responses & work I’ve got to do so forgive me for not updating the signals as quickly as I’d like to.
Promised you guys an oped and one you shall receive.
omiseGo is one of the earlier tokens developed by Jun & It’s sole mission statement; from the whitepaper.
The notion that 600 million people in Southeast Asia are currently in dire need of access to digital payments yet have no stable financial infrastructure or banking system that they could effectively use to do this.
From the beginning this project and a lot of promise and in 2016/17 there was a lot of buzz and hype around omg as It was already being dubbed “new currency of Southeast Asia” and with an additional 400 million In China/India living in villages/huts and overall impoverished beyond reprieve is indicative of the overall potential this token has.
If you haven’t heard of it or seen it in the top 50 market recently that’s largely because of the development team and their poor marketing/promotion as well as graphic designers and advertisers for they are God awful at their jobs.
They may have stumbled upon something great, but they damn sure can’t market it to save their lives. But this reason we would see OMG hovering from 20-25 USD during bull runs with a median price of $15 and that was the norm —- It’s been on a steady decline ever cents and it leveled out around five dollars.
Six years later I’m looking at the domain and it still has that stupid blue plain UI a 12 year old could create via html.
Eventually it’ll pick up traction or it’ll be shoved aside by an identical/paraphrased yet scaled & more widely accessible+ user friendly... just as Facebook did MySpace: UNLESS they can get their shit together as they still have a lot of promise.
That’s 1 Billion people, 1 in 7.23, who evidently would need this service. Imagine wet markets and bazaars with QR codes
We can finally get these people banked, with Jun and his team operating out of Bangkok— Thailand seemed like the perfect place to start with it’s proximity to neighboring contested areas where these folks are just now tinkering with the first model smartphones we used to have (and long since disposed of — remember that iPhone 1 you traded in/sold/donated?
They’ve all been gathered refurbished and distributed to the most impoverished individuals in China India and Southeast Asia for as little as 2 to 3 dollars.
Here’s where it gets interesting: now that they have smart phones they get to immediately jump to 5G like us without having to go through the dial-up modem process climbing the rungs of the latter and this is all courtesy of the richest man in India a billionaire real estate investor who is also a patriotic nationalist, (as well As capitalist/opportunist) Mukesh Ambani , is investing in his native country by fronting Modi’s government the capital funding & infrastructure to build 3 cell towers (each with a 5G wifi range of up to 200KM) dispersed evenly among the most densely populated slums in India.
So as we speak they are tinkering with her I mPhone’s playing Angey Birds & all excited just like we were in 2006...
I gather it won’t be long before they discovered crypto/Blockchain and it’ll be inevitable that adoption will come.
One things for certain this will be a very exciting year, specifically Q4, and I cannot wait!
I’ve only set one target and one stop loss for the signal and I’ll leave it as a LONG solely because this has been long overdue and I can let you guys know what further targets I’ll be setting on both OMGETH and OMGBTC and a further update sometime tomorrow afternoon but right now is a damn good time to be holding this token and I don’t see that changing anytime soon.
So because the signal above is a short yet I have great prospects moving forward in my TA of this token as a long I’ll leave it in neutral.
Mind you— the publication above, in terms of the time frame, is a short-mid: I’m posting this as a LONG solely because I believe it will have a great run for several weeks if not the duration of the quarter; just as I do with chainlink & cardano. besides it’s not the time to get ahead of myself as we still need BTC to decide whether or not it’s going to keep crossing supports and shattering resistance thresholds or level out and retrace.
Another thing I believe is certain: We are in for what I truly believe will be the biggest and most parabolic altseason of 2020 thus far. Buckle up folks, wee are in for a ride!
TradingView / Linkdin / Stocktwits / Steemit / FB / Cent / Medium / Twitter / Hive:
-@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Omgethereum
There is a trading opportunity to buy in OMGETHTechnical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0109 to 0.0094). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0109)
Ending of entry zone (0.0094)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.012600
TP2= @ 0.014460
TP3= @ 0.015640
TP4= @ 0.017010
TP5= @ 0.018210
TP6= @ 0.021220
TP7= @ 0.024260
TP8= @ 0.031190
TP9= FreeThere is a trading opportunity to buy in OMGETH
Technical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0109 to 0.0094). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0109)
Ending of entry zone (0.0094)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.012600
TP2= @ 0.014460
TP3= @ 0.015640
TP4= @ 0.017010
TP5= @ 0.018210
TP6= @ 0.021220
TP7= @ 0.024260
TP8= @ 0.031190
TP9= Free
There is a possibility for the beginning of an uptrend in OMGETHTechnical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.013400 to 0.012000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.013400)
Ending of entry zone (0.012000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.014600
TP2= @ 0.015040
TP3= @ 0.015700
TP4= @ 0.016550
TP5= @ 0.017900
TP6= @ 0.019340
TP7= @ 0.021610
TP8= @ 0.023870
TP9= @ 0.031190
TP10= Free
There is a possibility for the beginning of an uptrend in OMGETHTechnical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.015300 to 0.013600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.015300)
Ending of entry zone (0.013600)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.016550
TP2= @ 0.017700
TP3= @ 0.019340
TP4= @ 0.021610
TP5= @ 0.023870
TP6= @ 0.031190
TP7= Free
There is a possibility for the beginning of an uptrend in OMGETHTechnical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.015300 to 0.013600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.015300)
Ending of entry zone (0.013600)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.016550
TP2= @ 0.017700
TP3= @ 0.019340
TP4= @ 0.021610
TP5= @ 0.023870
TP6= @ 0.031190
TP7= Free
A trading opportunity to buy in OMGETHTechnical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.013600 to 0.012000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.013600)
Ending of entry zone (0.012000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.015000
TP2= @ 0.016550
TP3= @ 0.017700
TP4= @ 0.019340
TP5= @ 0.021610
TP6= @ 0.023870
TP7= @ 0.031190
TP8= Free
A trading opportunity to buy in OMGETHTechnical analysis:
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.013600 to 0.012000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.013600)
Ending of entry zone (0.012000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.015000
TP2= @ 0.016550
TP3= @ 0.017700
TP4= @ 0.019340
TP5= @ 0.021610
TP6= @ 0.023870
TP7= @ 0.031190
TP8= Free
