This Will Be The Most Explosive Move In The History Of OMG TokenHi friends, hope you are well and welcome to the new update on OMG Network (OMG) token.
Different support and resistance levels:
From December 2020 to May 2021 the price action of the OMG network was very strong bullish. Finally, in May 2021the OMG found very strong resistance at $13. After being rejected by this level the price action broke down the different supports and finally found strong support at 4.25 dollars. This is a very strong support level because previously it has been working as a very strong resistance. And previous resistance levels can also work as strong supports. There are also $3 and $2 support levels after $4.25 as well.
A golden cross:
If we switch to the weekly time frame and place the simple moving averages with the time period of 200 and 50. Then it can be easily noticed that the 50 simple moving average went very close to the 200 simple moving average and soon it is going to cross up the 200 SMA. When the 50 simple moving average crosses up the 200 SMA then it is considered as a very strong bullish signal among the trader’s community. It is also called a golden cross. At this time the golden cross formation is above the candlesticks. If it would be formed below the priceline of OMG then it would be stronger bullish signals. However, as it is being formed on the weekly time frame therefore it can produce a very powerful bullish divergence.
A big Fibonacci based bullish harmonic move:
On the weekly time frame chart, OMG has formed a bullish harmonic Shark pattern. There is strong support at $2 in the buying zone. The buying and sell targets as per the Fibonacci sequence of this harmonic pattern are as below:
Buy between $3. 05 to $2 (according to max fib of Shark 1.13 is at $0.7762, but we have strong support at $2 therefore we can buy it max at $2)
Sell between: $6.17 to $11.88
The buying area is too wide therefore I would recommend using $2 as stop-loss because here we have very strong support.
We are bit late in catching this pattern because after visiting the buying zone the priceline is moved up and now moving above the potential reversal zone. If Bitcoin takes another dip to re-test $30000 level then we may have another chance to buy it from the potential reversal zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Omgusdbulls
OMG +200% within a monthomg shows completely strong potential to grow, whenever it faced the $8 resistance, it returns back to try break it.
so trusted for huge gains within April and May, amazing choice to hold if u already bought, if someone would like to enter or load more bags , my advice to buy on parts near the strong support indicated on the chart.
enjoy profits
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OMGUSD 30% Jump was a easy move for this cryptoOMGUSD
Recently formed a bigger falling wedge pattern which shows earlier sign of the bullish breakout in OMGUSD and the break and retest was happened around the start of the new trading week of 2021.
After that this crypto currency was in bullish trend and i am expecting OMGUSD might reach the 5.1940 level which is a previous high level and 4.4600 December high would act as intermediate resistance
point of control was laying around 3.2363 level Currently .618 Fibonacci is acting as resistance and .50 Fibonacci around 3.5979 would be a decent support for the bull
Bullish pattern holding - next resistance levels to watch for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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OMGUSD Bullish formation apparent will it play out?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
OMGUSD forming bullish Shark | Upto 18% bull move aheadThe price action of OmiseGo / US Dollar is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.9512 to 0.9101
Sell between: 0.9903 to 1.0751
Enjoy your profits and regards,
Atif Akbar (moon333)