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OMGUSD

OMISEGO deserves more than that (Great Buy Opportunity)Hi guys, I am reducing the number of coins to up to 2 per week. For that, I am Working on all the alt market to make sure that I provide you great content and coins that are the most likely to go up. The coin for today is OMG and it offers a great buy opportunity. Due to the mistakes I have made in the past, MACD and other types of moving average does not appear a great indicator for a buy signal. Considering the RSI and the trend, but also the technology behind each coin, OMG is a great buy opportunity. For the ones that are looking for quick gains, it can offer you a 15% up to 20% short gains. Those with a long term vision, sky is the limit. Make your choice and make MONEY flow $$$$! Good luck!
OShort
by UnknownUnicorn1484312
OMG! - Ride that upward trend channel for OmisegoA relatively straightforward piece on request of a reader/follower. OMG has switched from one upward trend channel to another, like missing a step on a ladder but still going to the attic. You can also compare it a little bit to the typical pitchfork analysis and we are now in the lower end of that upward pitchfork. - Given that volume is rather low , I expect this trend channel 2 to hold and hence that we will not move to the previous trend channel 1. - Moreover, we are testing the 38,2 Fibonacci level with current price and this is also more or less the upper resistance of this channel. If we can’t break it, which is the most likely scenario, we will retrace back a little, but I don’t think it will go back more than the lower resistance line of this channel. - We are seeing some overboughtness in the CCI, and have just made a bullish cross in the MACD. I believe the upward momentum remains intact but it should not get ahead of itself, so do expect some red candles too in this channel. And the trend is your friend, so no need to get out of your position here unless something dramatically changes. - Now: if we look at the 2h chart, we see a death cross in the MACD, negative pull in the CCI and the candles bending as well, so we can expect downward movement right now in the very short term. - If we look at the 4-hourly, it is still a bit in the making. Conclusion: expect some up and downs in this trend channel, but the trend remains your friend for the moment – nothing more than that! Resistance levels & targets are shown in the chart: - Upper trend line of the current channel - 38,2% Fibonacci at 195877 - 50% Fibonacci at 221670 Support: - Lower trend line of the current channel - The yellow line at 181405 - Red Fibonacci support
by A_Cryptastic_Mind
2
OMG - daily chart about to indicate future direction05/03 Weekly chart: From the ATH, OMG has formed a second top, which is currently struggling with an important resistance. As a result, it has sarted to pull back. If bulls cannot move above that last top, the chart might start forming an equilibrium pattern. Daily chart: The daily higher highs hasn't been lost yet - support to be defended is 16,24 (yellow line) Now bulls are attending to form a higher low (blue square) 4H chart: bulls attempt to break the downtrend, need to see follow through.
BITFINEX:OMGUSD
by CRYPSY
OMGUSD has limited upside potential: Short (4hr) tf analysisOmiseGO (OMGUSD) trended downwards after it hit a high of~$24.50 on Jan 7,2018 to the price low of ~$7.00 on Feb. 06, 2018. Price swing from the high of $26.07 on Feb. 13, 2018 to the low on Feb. 06, 2018 is described in the 4hr tf as a corrective (A-B-C) Elliott wave structure (i.e. a correction). Price swing upwards from the low on Feb. 06, 2018 is currently completing another intermediary wave that has been labelled so far as another 3wave move (W-X-Y) upwards, although not yet complete. Projection of wave Y (in red) = 61.8% wave W (in red) gives a price target of $22.85. This is close to the target area indicated on the chart (between $23.26 and $24.52), and therefore increases the chance of OMGUSD reaching the target area. The implication of entire Elliott wave structure upon completion of WXY (in red) is that OMGUSD should sell off with price reaching or moving below the low made on Feb. 06, 2018 (i.e. $7.00). POI= Point of invalidation (Price should not close above $26.07 for this analysis to remain valid = $26.07) after which analysis would be revised.
BITFINEX:OMGUSD
by Coin_Analyst
OMG/USD - Mega Bullish - Buy ZoneThe impulse is not the prettiest, but both wave 2 & 4 retraces slightly. These slight retracements show positive market sentiments of OMG, and it should be reflected in future price action. In my opinion, it will be extremely bullish. Wave 2 often retraces to .618, but looking at wave A, it does not seem like it will be the case for OMG. Watch out for price reversal at a:c = 1:1, it would be too early a buy for me. I prefer the green box, with a:c=1:1.618, confluence with .382 ret, and in the region of wave 4 of bullish swing. Good luck.
BITFINEX:OMGUSDLong
by someone514
1
OmiseGo Trend Is UPAfter reaching the all-time high at $29, OmiseGo corrected down to 76.4% Fibonacci retracement level that has been rejected cleanly, together with the uptrend trendline. The uptrend remains valid and the price continues to print higher highs and higher lows on the Daily timeframe. After rejecting the Fibonacci support OMG/USD once again started to produce higher highs and higher lows, confirming the uptrend on the lower timeframe. Currently, the short-term consolidation could take place, while OmiseGo remains bullish. The nearest upside target is seen at $35, that is 75% growth potential from the current price. If OMG will correct down, a good buying opportunity should present itself around $17 level. In the worst case scenario price could correct back down to $7 or $11 support levels and only then continue the uptrend.
BITTREX:OMGUSDLong
by CryptoPAMM
1
OMGUSD - big third wave of super cycle third wave?If you have been following my earlier posts ( OMGUSD on the back of OMGBTC. Key decision time coming soon.... and 500% return and 5 other reasons you should buy OMG ) you'll know I am a big fan of OMG because both the technical and fundamentals stack up. Of the 15 or so blue chip coins (top 50) that I track it is the best performing in Feb, even being up slightly on LTC. I buy coins when I see their TA stacks up against BTC and USD. This is absolutely the case with OMG at the moment. If my analysis is correct, we are entering a big 3rd wave impulse of a big super cycle 3rd wave. These waves often deliver growth of 2.618, 3.618 and 4.618. This post goes into more detail of the way its performance against BTC. My plans I have been in OMG a while and have been buying on the dips over the past few weeks, mainly moving from BCH, XRP and IOTA into it. Now there is more data to support my conviction that we are going into this third wave, I will look to double down on my position. The set up I am looking for is a pull back from a completed wave 1. This may be occurring now or wave 1 might continue to go up more before doing so. I will be aiming for at least a 0.5 Fib retrace from this first wave up from around 15.5. I have shown a potentially entry point, BUT that will change depending upon when this wave 1 starts its retrace. My targets are high, as I am expecting an extended wave 3. I'm looking for an extension of 2.618 vs either the recent wave 1 (from $7.1) @ $40 or the super cycle wave 1 ($1) @ $32. Stop loss would be below the start of this latest retrace at 15.4 or lower. The risk reward will be clearer once we can see when wave 1 has finishes but at the moment it would give a good 7:1.
BITFINEX:OMGUSDLong
by monkia
8
OMISE GO - Go to where?Hello everyone, lets take a quick look at OMG USD. As you can see OMG is going into a uptrend and just broke our daily pivot (not on chart). Looks like we're heading to 0.382 fibo retracement, which is around 20.50 level, and if we manage to break it, 23.50 should be a good take profit. Take a brief look on the volume of the last red bars, high volume but, almost no effect, tiny bars with low range, lack of sellers? no supply? Anyway, OMG is a quite reliable token with good fundamentals behind it, i dont think its any absurd if we manage to see OMG above 50 usd this year, so yes, a good hold. A quick look on the indicators, -MACD is goind to have a bullish cross, above the 0 level. -RSI show that the buyers have strenght. -On our wave volume indicator we can see the buyers have strenght, again. -ADX is starting to lose momentum but still, DI+ show a bullish momentum. Its important to say, as we all know, the criptocurrency market will mostly follow btc, so if btc for some reason dump again, omg will most likely follow it, however as i've said, its a good hold. And regardless btc, our uptrend and 50ema should provide a good support level, if OMG break it, we might reach lower levels again, which will be very good for reload this token. Good trades everyone. This is NOT a trade signal and is just here for educational purposes.
BITTREX:OMGUSDLong
by MarcelMartins
OMG still bullish. Look for a three wave correction.OMGUSD 1H Hey guys, as we can see on many alts including OMG we have completed a five wave structure to the upside that has started when BTC hit 6k. After that, a minor five wave structure which can be labeled as wave (a) of a bigger three wave (abc) started and has now finished. I'll be looking for a minor upmove (wave (b)) and finally for another bearish minor impulse (wave (c)) to complete the overall corrective structure at one of the marked levels ($15, $13.50, $12). As you can see on the chart I have labeled the top of the five wave upmove as (1). Therefore I am expecting a bigger bullish impulse (wave 3) after the completion of the abc correction. Cheers Bud
BITFINEX:OMGUSD
by BudBronson
6