Omgusdt
OMG to bounce at support then breakout of descending triangleDrew this graph before for my twitter followers where I told them to watch the break here (up or down) and it broken down but stated to people that is a strong accumulation zone at the next support.
Over time omg continually gets picked up at this point , dont miss out and follow me on twitter !!
Bullish Flag or Falling Wedge?: Catching Structural Wave 3OmiseGO looks to be forming two bullish structures on the 4HR data, although a possible completion of the crown reversal is still possible. We seem to be in a downtrend channel, so buying is countercyclical until we see a puncture of the descending channel. Breaching the bottom of the flag could create the conditions necessary for a falling wedge reversal, with similar TP levels. Breaking the newly created trendline could be an early warning signal for further downward pressure.
The bullish flag sets us with a MIN TP of $14.40, MID TP of $18.14, and a MAX TP of $20.58
The crown reversal could push price as low as $4.59.
Key levels to watch to the downside:
- Trading range support at $6.93
- A breach of the flag to the downside could unlock the falling wedge pattern, with institutional buying or selling at $6.49 (fundamentals and market conditions support buying at the moment).
- Major key fibo support at $5.43
Key levels to watch to the upside:
- Key fibo resistance at $9.26
- Fibo resistance sell zone between $10.96 to $12.16
- All-time high at $13.70
This is literally a minefield so trade with care and take you time…GLWT. As always, I'll be updating this thread and posting trades.
-Erik
omisego/usd chartI think price will change its trend to up in specified zones BUT DONT FORGET CAPITAL MANAGEMENT because the price chart is still downtrend
important notice:this is a test chart And it has no other value dont use it but if you have any ideas about it please tell your comment thank you regards
OMG/USD - time for correction, how deep is the question?OMG has seen a large run up in the lat month and needs to correct. The general trend seems to have topped out with 200 EMA trending downwards and price below it. BTC Gold is coming Oct 25 alts will be sold into BTC so people can get their free BTC Gold. If BTC falls below $3000 we can see OMG price hit the major demand zone in the next 4 - 6 weeks. If BTC manages to consolidate through hard forks then the mid range support will be more likely, even then big corrections are not uncommon even for big cap alt coins (NEO & STRAT come to mind).
In the longterm I see this coin being a great longterm gainer. In December there will be fundamental news for OMG.
Thanks for the read.
Trade at your own risk, this is not financial advise.
OMG Crown Reversal: Wave 2 Consolidation or Deep Correction?Chart data shows us we should anticipate long AND short price action in the OMGUSD pair. Previous threads show we should look for a nearest-term downside movement, followed by a break to the upside manifesting in a structural wave 3. Alternatively, we could see a breach in a key fibo level to initiate a deeper correction. It is important to keep in mind that price action in the OMGUSD pair can be anticipated by observing the OMGBTC and BTCUSD charts as well.
Please note: The investment strategy here contains both short and long opportunities :)
TechCrunch Disrupt : OMG to $15 level 30% Profit Opportunitytechcrunch.com
9:45 AM – 10:10 AM (PDT)
Understanding ICOs with Eyal Hertzog (Bancor Protocol), Dan Morehead (Pantera Capital), and Jun Hasegawa (OmiseGO)
A panel of cryptocurrency experts will discuss how token sales are changing the way startups are funded and how ICOs will affect venture capital.
Trading around noted fib levels will get you some big profits. Planning to increase my OMG coins by 50%
Will update the idea for the exact timing & levels after analysing the first reactions and current/future orderbook.
Good luck to y'all altcoin people <3