Omise
OMISEGO $20 PROJECTION?!OmiseGo looks to be breaking a key resistance level anytime soon. From this, we may see a medium-term increase to the $20 Mark where will we see some resistance and consolidation before another movement upwards. This is quite a big move for the cryptocurrency, however, the market has been growing at an exponential rate as more Media outlets are consistently talking about the new tech. $20 is also perfectly in line with the 1.618% on the Fibonacci which is also a further indication that we could see a move up to this price.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
Omise Go Go GoOMGUSD I bought around $6 and $7.5 when I noticed OMG has bottomed out and had a bullish crossover confirmation on the MACD. And if you zoom out of the day chart, you will see as clear as day the forming giant cup and handle on OMG. Technology wise, Omise has a huge potential in Asia where the growth centres and emerging markets of the world are now concentrated. Not to mention being the first Ethereum unicorn along with QTUMUSD.
(please ignore the bigger fibonnaci, was incorrectly placed)
OMG/BTC Long Entry Looks like OMG is finding support and has been in consolidation for quite some time.
There has been some accumulations of large amounts of OMG as shown in the volume.
Entry at .00081-.00076
Stop Loss: Pay attention to the last support levels at .00065 and .00060, I am doubting we will reach this point.
Some very big potential gains here for OMG, any news will shoot this crypto up!
This idea is based solely on technical analysis.
Happy Trading!
OMG/BTC: Market CyclesIt is not the time for going long on OMG. Profits should be taken from latest bounce.
RSI on daily is showing oversold and a bullish divergence, indicating we could begin trending sideways. Upward trend is highly unlikely. Most alts reverse after 90% retracement.
I am favoring scenario 1 because of the RSI, followed with a continuation of the downtrend. However, with segwit 2x coming in less than a month we have a big unanswered question over the entire market which could be bearish for BTC and alts. Scenario 2 is a possibility.
OMGBTC - Potential Uptrend AppearingThis is a follow up to my post about OMG's Head & Shoulder Pattern from 10/05/17. As you can see from my original post, OMG did reach target of .0012 (slightly below actually) and has since bounced pretty nicely, even reaching .00155BTC.
I'm not convinced we are in an uptrend yet. I still think we need a week or so to confirm. I'm of the belief we will see BTC reach 6,300 before the alts begin their resurgence. However, a couple things I will be keeping an eye on with regard to OMG:
1. Do not break new long term uptrend support line. If break, will trade between long term downtrend lines to about .001BTC with remote possibility of reaching .0005BTC if volume continues to decrease.
2. A close above the CCI zero barrier. This is the red line I'm pointing to with the arrow. A cross and close above this line will be my third and final indication that we are truly in an uptrend. This is the key factor I will be looking at. ***NOTE*** I typically wait a day or two for the CCI to close above the zero barrier multiple times as a reconfirmation of the uptrend.
Here's to going long!
OMG Blue SkiesOMG we were cautious of a daily equilibrium pattern (last nights video) but the hourly higher low maintained overnight leading to a breakout this morning.
All time highs and no resistance, ideal for bulls.
Hype and momentum on the back of a conference with GNT today in Berlin.
Cautious of a sell the news reaction, but bulls currently in full control after GNT ran last night.
OMG on days to comeI see 2 possible scenarios for OMG on the days to come... One of the scenarios suggest it will find its way to 25, and there it will start to drop following an ABCD pattern with a final price around 23.. The other one suggest to reach around the 28, as the top the elliot impulse wave, and the it will start the retracement following an abcd pattern.
DONT FOLLOW MY ADVICE, I ALREADY BOUGHT AT THE DIP, SO IM NOT RISKING BY TRADDING AROUND WHERE WE ARE NOW EVEN IF IT DROPS.
$OMG POISED FOR A BULLISH REBOUND -- TECHNICALS READY TO CONFIRM$OMGBTC is preparing for a bullish rebound after a minor corrective phase. Beyond technicals, OMG is a very promising token with a tangible product, legitimate business partnerships in place and a relationship with Vitalik Buterin, the creator of Ethereum.