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OMGUSD

Here We omiseGO Again! Why Buy High?#OMGUSD has gone vertical, following along with the recent surge in capital flowing back into alt coins. As usual, there is hype everywhere, no different than when Bitcoin was pushing toward 20K back in 2017. Human nature is what drives ALL financial markets and it does not change. I write this to offer some technical perspective and clarity in order to help you make a more RATIONAL choice when you observe a chart that looks like this. (Have you seen Kodak stock?) The 3.00 area is a significant resistance that dates back to over a year (look back on your chart). Just like Bitcoin, the probability of selling activity is high here. The EFFECTIVE behavior here is to partial out of a winning position (if long from lower prices) and let a small portion run to see how far momentum can carry this thing. If you are not in, the LEAST effective behavior is to buy into this now, thinking it will run to 10, or some other number that the hypesters are hyping about. The herd is what drives the price, while the smart money (those who operate with some form of valuable information) capitalize on their reactions. Charts and technical analysis can provide ways to measure risk and prepare for higher probability opportunities IN ADVANCE. The low 2.00 area is the current support point that is in play. Meaning, IF price retraces from current levels, the most attractive location in terms of probability is this the 2.00 area. Smart money waits for these, and assume no risk in the process. If you are a new investor, and you find yourself consuming "news", "fundamental stories", and advice from inexperienced and self proclaimed authorities, you are much more likely to act irrationally. And it is this irrational behavior that drives the herd mentality. Learn to recognize the market from the behavior perspective. Charts serve only as a starting point.
BITFINEX:OMGUSD
by MarcPMarkets
15
Omisego: Inverse Head & Shoulders pattern on 1D ?Perhaps technical analysis is completely subjective and we see what we want to see based on our bias towards the markets and our own wishes. On this chart I am seeing an inverse head and shoulders pattern on the 1D time frame for OMG/USDT. Volume profile seems to support it despite being seemingly low. At the time the price action is retesting the neckline of the inverse head and shoulders patter. If this one plays out we could be looking at a target of at least $1.88 - $1.91. Time will tell. Also worth looking at the RSI which seems to have formed a similar pattern (more confirmation). Happy Trading.
OLong
by GhostCrypto
Don't miss the great buy opportunity in OMGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5200). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGUSD 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 65. Take Profits: TP1= @ 1.6000 TP2= @ 1.6350 TP3= @ 1.7600 TP4= @ 1.8500 TP5= @ 2.0200 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITFINEX:OMGUSDLong
by ForecastCity
10