OMGUSD
OMG - Cup and HandleOMG has formed a Cup and Handle and may be setting up for a breakout at any time.
A Cup Of Tea?Quick analyse about OmiseGo (OMG), we are currently forming a cup and handle, which is a very bullish pattern.
Indicators like RSI are also bullish.
Regarding the project behind OMG, they are seeking to unbank the banked. It's a decentralized bank using a Proof of Stake algorithms (PoS) and they have Vitaik Buterin (founder of ETH) as an advisor. Currently evolving around 25th place regarding marketcap, it has a lot of grow ahead.
I would recommend this call as a long term trade
OMG cup and handle UPSIDE expected
OMG has shown bullish nature from past few days.
Here is another chart from me where OMG broke the line to make a new high click the image below -
BITFINEX:OMGUSD OMG surely has a lot coming in the next year
OMG Quick 46% ReturnHey, you guys want a quick return? Let's play this correction, wait for bullish divergence on RSI and target $26.32 for a quick 46% gain. Remember, DONT enter until a bullish divergence is COMPLETED on the 30 minute scale.
OMG - Wonder what comes nextLooks like a breakout soon. Should pull something very similar to eth. This is also dependent on Bitcoin remaining relatively normal and not dumping to shit.
OmiseGO Sell OpportunityThe price bounces from 21.50 level. It's a signal that we must be ready to a new downward movement. We have sell opportunity. If the market drops below 14.00 level, the next zone will be able to stop the falling market. It is formed by 11.60 and 10.50 support levels.
OMG will fly to $28-30 but first needs land at $6-8 rangeHere is my analysis:
1) I think we finished the B wave (main wave: 3rd correction wave), which was an ABCDE formation. (Chart on the right)
2) C correction wave can extend to $6-8 range. (Chart on the right)
3) The next impulsive wave can go up to $30, which is an E wave. (Chart on the left)
4) This is my dream but afterwards, OMG can go higher but not sure where. (Chart on the left)
$OMGHad this level marked out since we made the new ATH, seems to be respecting it nicely. If we have the momentum we could challenge the current All time High and surge further.
OMGBTC upward trajectoryOMGBTC is showing upward trajectory. Bullish. Los ANgeles 4:20 AM.
I think the only way OMG prices will find itself near 20MA is if BTC drops significantly or goes up significantly. If BTC remains stable OMG will continue to rise.
My Idea on OMG/USDT This is what I think will happen. But I am not too sure of Point C. Point A and Point B should be quite clear
OmiseGO - Ready to GO Up? Buy Opportunity.The price is forming The Ascending Triangle pattern which is usually formed during an uptrend and considered as continuation pattern. There was already one fake break out and returned inside this pattern. Buy orders should be set above this pattern and swing high of 16 level. RSI and MACD are both supporting uptrend continuation. Notable thing is that when the price moves above MA50 level it is a strong buy signal.
Price fell under 11.6 but quickly rejecting it and bounced back up. This is strong indication that the markets wants to move further upward. .382 is considered as golden ratio.
Also the chart is showing a bullish reversal pattern which is double bottoms.
Lucky those who managed to buy under 10usd with these bargain prices. Stop orders need to be set below bottom level of the pattern and under strong support level. It is strongly advised to use stop-loss orders.
If you need any help with trading or recommendations where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Trading Information:
Buy: Above 16 level
Partial Profit Target: 19 level
Main profit targets: 21.5 & 25.8 levels
Longer term Target: 28 level
Stop Loss: 10.8
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
OMG severely overbought: Will it be the next XRP or LTC?Long-term, OMG is very bullish, in my opinion more so than XRP.
On the other hand, today's pump is built on a pre-existing overbought condition. It was already overbought on daily, 4h, and 1h scales.
There's a chance that OMG may experience a pullback. Entering now should be considered a very-short-term move in my view, though it's likely to continue to go up for a while longer.
OMG - Possible Breakout?OMG looks to be setting up for a possible breakout to new all-time highs. OMG has formed a nice cup formation and could be in the early stages of forming a Cup and Handle formation.
I am looking to add to my position (which I should have done yesterday) so now I will add on any meaningful pullback.
#OmiseGO. Why this price surge ? Detailed Technical Analysis.Everyone is asking why has OmiseGO grown so fast last past days with no news.
Well news are two:
1. OmiseGO at current marketcap is undervalued compared to other cryptos as it's an easy top 8 project. This means a 8 - 12 Billion marketcap. I see price growing from 5x to 7x from where we are now.
2. Technical Analysis. OmiseGO has been correcting since last months and bottomed at 5.5.
At 5.5 all indicators turned bullish as we can see from the different pairs:
Lets start from OMG/USD:
Price bounced at historical support, drawing higher highs and higher lows.
At the moment we are facing upper channel resistance
OMG/BTC:
Looking at the chart below we can see a Bullish divergence:
Definition of Bullish divergence: We have a bullish divergence when the price makes lower bottoms on the chart, while your indicator (MACD in this case) is giving you higher bottoms. After a bullish divergence pattern, we are likely to see a rapid price increase.
Nevertheless we have broke daily MA50 and price eyes next resistance daily MA100
OMG/ETH:
Looking at the chart below we can see a Bullish divergence and a double bottom:
Price broke daily MA50 and is facing resistance of daily MA100
These are all reversal signals that a trader must recognize.
Targets:
Based on what written above about marketcap.
I consider OmiseGO an easy top 8 project.
In terms of price this would mean a 5x to 7x.
OmiseGO long - bullish signalsI see a bullish triangle that's about to breakout soon. Price bounced from the kumo cloud which is a bullish sign. Volume decreasing and it might lead to a big boom in volume soon. Tenkan is also above kijun which is also bullish. MACD and RSI looking to recover. Buy when it breaks the triangle convincingly.
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OMG: Lift OffOut of all my top 5 coins. Omisego is the only one that havent had any major run. Can this be the start of its run? What are your thoughts?
Trade with care.
OmiseGoGood potential to rise. If we look at OMGBTC i see triangle and we need break this triangle and go to the next fibonacci levels
OMG coin bounce trade ideaOMG after last weeks large pullback nearly 50% we have held support and started to curl higher. We have nice location here with multiple levels of support underneath. on our 15minute chart we are shaping up with a nice consolidation that should provide support with a stop under. MERRY CHRISTMAS! I Know its a day of family! but Shredding never stops! not even for holidays!
