OMGUSD
Omisego in a big Falling wedge! 45-80% Profit.Hey, I am back with another idea, this time I was looking at some Crypto charts and have spotted this nice looking bullish formation which is called Falling wedge.
As the 50 and 200 EMA are coming close together, I am expecting a volume soon .
Do I think that OMG can actually see a 80% rise without BTC rising?
Well yes, take as example a VET that has made 80% easily in few days while Bitcoin went sideways.
Ideal entry is in the green area.
TP1
$2 (45%)
TP2
$2.5 (80%)
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How I see OMGUSDDo I know if OMGUSD will pump back up to $2? No, I'm not a whale and I have no idea.
Do I know if OMGUSD usually drops after entering this range? Yes.
There's still room for OMGUSD to hit $1.6, but we are in a sell zone.
OMG fractalA lot of alts making similar fractals now pointing down.
Good location for a short position with a stop above fakeout of triangle.
OMG doesn't follow market pump?This is a huge red flag for me. I really believed the market would boost OMGUSD to a 2nd higher high, but that doesn't seem to be the case and instead there's low volume and it was sold off right after.
Can anyone explain this activity?
Where to Buy OMG?Hello, Traders.
OMG seems to be breaking the short term downtrend line but wait, we are seeing this pattern a lot after a strong uptrend movement the price seems to be topping and doesn't continue the uptrend movements.
On Intraday timeframes the Entry point is only above this accumulation.
Signs of a pump?Let's be real - there is a whale that controls the entire OMGUSD market. We recently broke through a resistance line and there was 0 sell pressure. At the same time, it looks like BTCUSD is not doing well. We also know that OMGUSD does well when BTCUSD does not. Even though the price is dropping, the RSI looks like it has higher lows. I wonder if it is about to consolidate at the bottom of it's lower range and then scoop up for a pump.
Low volume pumpLow volume. Maybe it's just a start of things to come? OMGUSD likes to pump when BTCUSD dumps. The volume does not impress me though.
OMG tether news, shit about to pop offTether gonna be moving volume to OMG Network, volume finna pop out the roof on their network, trend gets me rock hard
Bull flag after descending wedge breakoutHello Traders,
The bullish momentum remains on OMG after the price broke a descending wedge, and start a bullish accumulation pattern on intraday of 1h timeframes. We expect the prince continues the strong uptrend movement.
Moon target, it is the short term last movement projection
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Don't miss the great buy opportunity in OMGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6065). 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 66.
Take Profits:
TP1= @ 1.7900
TP2= @ 2.0065
TP3= @ 2.2678
SL= Break below S2
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Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in OMGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6065). 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 66.
Take Profits:
TP1= @ 1.7900
TP2= @ 2.0065
TP3= @ 2.2678
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 ❤️
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Oversold zoneGood time to buy in right now. We are oversold and retouched the low while the RSI is a lot higher, which tells me selling is most likely done for now. I expect another retest of the resistance today.
Price: 1.47
Goal: 1.53
Incoming breakout attemptDecent volume. Seem's like the RSI is being rejected at 30 and someone does not want it to fall too fast. I'm surprised it hasn't hit the 1.51 range.
I expect a short-term bound to 1.6. The RSI seems like it's itching to bounce up.
Failed breakoutA breakout of the triangle to the upside was swiftly rejected. Small volume. I'm expecting a drop to our recent low. However, it seems that someone has been defending the price at the 1.58 - 1.60 range. If it broke through, I'd assume they'd be forced to sell.
Alts HUGE Target Zone We know that in cryptos eventually everything looks the same. Most alts will be above january levels before this run is finished. That's a great indicator. Then there are ZONE pumps where something pumps more than others, right now it looks like that the coins that pumped lesser in january pumps higher now, but everything reaches the level of highest pumping coin on January. Seek for coins that are still COLLECTING and looks healthy. Eventually you should be able to INDEX them all like that. Markets takes time and now is the opportunity to BUY.
Failed PumpLooks like a failed pump to me. Was pumped, but I see a steady sell off by a whale afterwards. Looks oversold to me though.
Expected: Short term relief of the sell off.
Short term: Long
Overall: Short
Short term viewBuy range $1.52 - $1.53. We're currently in a sell off. The recent bump today is just relief from the constant selling.
