OMGBTC: Making a strong bullish case Technical : OMGBTC after losing 83.21% from ATH is finally showing signs of a bottom. Not only that, we can also see textbook accumulation pattern. It seems for 48 days we have been in a tight range. At first the bottom was formed following which a breakout attempt was made which failed. It proceeded lowers for a liquidity tap by taking out all stops below the previous formed bottom. From the middle of the range we dropped down to the bottom of the range where we seem to have found support.
Relative Strength Index has always been a precursor for OMGBTC right before a bullish move. On 1h to 5h TF we can see that consistently we are seeing bullish divergence. Not only that on the daily chart we had formed a bullish divergence.
Now BTC might fall a little bit more and drag OMG down a tiny bit but the bullish case is too strong here.
There's a lot going on in the Fundamental side of this coin but I prefer not to get into it again. There was also some announcement about an airdrop.
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I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
Omgusdt
OMGBTC (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Omnisego / OMG
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OMG/USD descending trendlineBreaking this descending trendline would be bullish in my opinion. Stochastic RSI and MACD are looking good to try an upward movement. I doubt this can by typified as a falling wedge but I included the lower line nevertheless.
Omisego - Will soon have you saying "OMG!"Omisego is sitting on key support and an oversold weekly chart. Great risk:reward here. OMG is one of the few alts that has yet to jump making it even more attractive. And judging from its history, when OMG takes off, it goes on a rampage. My initial short-term (end of year) target is .0012.
OMGBTC: Really Can't Go WrongHi All
Hope all your trades are going well
Expect: Short-term: Short
Expect: Long-term: Can't miss in SE ASIA
This is my girlfriend #1 Coin she invest in, and she is in accumulation mode lol
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
OMGUSDThe purchasing area from $ 1 to $ 3 is very interesting for long-term trade
To play for a fall is dangerous only with a short stop
With such indicators we will not go far
OMGUSDDouble top or triple bottom?
The triple bottom is a simple reversal figure of technical analysis which consists of three minima and presages a price increase
It all depends on BTC if you manage to hold above 7800 then the OMG will form a triple bottom and you can expect the test of the line and the channel resistance
If Bitcoin does not stand then a breakdown of the support line will follow and a double top will form with a break through the support line
OmiseGo: High profit potentialThe new market cycle of OMG will begin soon. OMG followed the wyckoff method almost perfectly that means that the probability of a trend reversal is high.
OMG - Nearing historic key support line - Great buyLooking at the daily chart for OMG, we can see that the price has been consolidating since its meteoric rise in Aug/Sept of last year. At the moment, it is approaching a key support line (white) from which it bounced off of in December. This support acted as the steadfast catalyst it needed to start its next run up. Could it happen again here? We'll see. We can see falling price action has led to a new low on the RSI at 21, however there is solid support on daily MACD, which may indicate higher prices to come. The price action currently finds itself in a falling wedge and is getting tighter and tighter. Of course this is all indicative on Bitcoin, so watch for the bounce. It maybe the bottom a its next big run.
OMG is ready to make an entranceAs we can see, OMG has been stuck in a falling wedge and seems to me like an ABCDE correction. Rules of ABCDE correction dictate that there's a high probability of a breakout at termination point of Wave D.
Lets not forget that there are not one, but two airdrops incoming for OMG in the near future.
In short: We have Technical and Fundamental evidence to support a long position.
While all other coins have rallied OMG has been coiling up in this wedge. Now the Viper is ready to strike.
If we get a breakout the first target would be the highest point of the wedge for OMGBTC. Whereas OMGUSD should rally far more.
Godspeed
___________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
OMG 100%+ Profit PotentialOMG/USD is currently in a high demand area (white rectangle) the price range in that rectangle is between $6 and $7.5
Everytime it has been in this rectangle, it has shot up with at least 100%+ Profit. This is a highly demanded zone. Nevertheless, I still recommend scaling wisely as its not a Bull Market yet. But buying good chunk of it would be great accumulation.
Along with that, we also have RSI at its lowest since the release of the ICO almost 1 year ago.
Current RSI level = 26.68
Lowest RSI level before today = 28.93 in 1 April 2018, which after it reached that level, it went up over 140%
Another note: I added BTC prices in the chart, to show that OMG is demanded regardless of BTC's value.
Good luck guys!
OMG. A little long in this depressed fallAlmost a vertical drop in OMG should stop? In this we will help the price zone 5.8-6.2 $. Why did I decide exactly where the price will stop? See the global idea of OMG . This idea is a particle from the big picture that I see on this coin.
The rebound will be fixed in 3 price zones:
1) 7.05-7.3$
2) 7.7-8.3 $ - I will cover the most part of the position here
3) 9.2-9.7 $
OmiseGo Go Go!Cycles are a huge part of trading. We are always on the lookout for clear indicators of reversal near the bottom and top of ranges. OMG has seen a clear breakout from near the bottom of it's range. We recommend entering with a tight stop loss due to the current risky position of BTC 4.20% . Make sure you manage your capital - we recommend investing no more than 3% in this trade.
Buy: 9.4
Target 1: 10.29
Target 2: 12.12
Target 3: 14.58
Target 4: 18.4
Stop Loss: 8.3
