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Omisego

Christmas in July - OmiseGOWell, August. But what a show it has been, the last year has been awesome and I loved every second of it. Its easy to enjoy all of this when you have a stack you believe in (hardly look at) and just trade for the fun of it. I love getting rekt as much as I love getting gains. A good entry or a well placed fib is amazingly rewarding and I just love the charting aspect of crypto, the games behind the curtains and simply watching the market move. Anyway, this chart right here is another screaming buy that seems to can only turn out badly when this entire market fails and I just don't see that happen. It has corrected quite a while with all kind of drops but this is the first real double bottom that has formed on the way down. And OMG already did a cupping correction 5 times before so I can see this one work out similar and then maybe, just maybe, OMG will go up some more First target is quite modest; 0.000949 Second target is 0.001749 and 0.002049 all the way up to 0.002649. Full bull brings me to 0.003249 and 0.005249. But that is a long time away. I'm happy when I exit at a very reasonable 0.000949 because this entire market still is shaky. Still a good entry, exactly on the 0.114 fib (A fib that has worked out more than not). And there's some bullish RSI that lines up with the cup, but this would never be my main buysignal. The 0.114 is everything to me Cheers and good luck, keep stacking
O
by iera
1
OmiseGO: Scalping a Long Here Let’s take a look at $OMG and see what’s it’s been doing as of late. Above is a view of $OMG on the 3-Day chart. To say that the support line that I drew horizontally across the chart that you see above is strong in any way, would be an overstatement. However, if you look closely, it does appear as though the price has failed to move the price below this level. Although, it’s relatively untested and there are no indicators that appear to give any signs that things will be changing anytime soon. It appears that once the price through the long-term $7.50 support that was holding (it’s the overhead resistance now in the chart that you’re currently viewing if you’re following along on TV). Let’s Zoom in to the 1-Day Settings When you look more closely at the 1D settings, you can see that the price of $OMG, is indeed at a support point. Once again, this is only the second time that the price has tested this support, so there isn’t really enough credence to suggest that it’s strong other than its apparent repelling of the price after that zone was hit. ‘ The touching of the support twice before bouncing (slightly) on the second test shows a potential double-bottom play evolving in the future. Potential Gains The downtrend resistance that is directly overhead from where the price is right now, represents a 43.66% appreciation in the price: However, this is far from a guarantee. If the price falls through the support that it is at currently, then $OMG holders would be screwed. Fibonacci Chart If we draw the Fib chart where the ‘support is at currently’, which assumes that $3.50 is the 100% retracement point, then we get a solid visual of the chart for users to check out ^^. Currently, it has no major bearing on the price. Conclusion $OMG could be due for a bounce soon. However, this is far from guaranteed; so we need to make sure that we set a solid R/R on this, because a break through this support point could seriously spell disaster for holders.
BITFINEX:OMGUSD
by librehash
1
$OMG Might Not Be a Suitable Entry for Weeks The chart above is the daily for $OMG. Short-term downtrend still holding steady on the $BTC pairing for $OMG. Lots of red candles at the end here. RSI = dramatically oversold. Remember, we are in a bear market, so it can remain oversold for as long as it needs to be oversold. In other words, don’t adopt the fallacious trading logic (in a bear market) that says, “Oh! It’s finally hit the oversold point. That means that we must be due for a bounceback now!”. This mentality will get you savagely wrecked. Volume at the bottom here isn’t doing any favors either. Actually, if you look closely enough, you can see that it appears as though the sell volume has actually increased over the last few days for $OMG and, in general, it has been a lot higher than any of the buy volume candles on the currency, currently. I haven’t personally tracked the sentiment in the community right now, but I would imagine that it is not very high at the moment. Volume ain’t looking much better on the 4H either. You can clearly see that the buy volume is descending on this chart, with the body of the last candle that’s forming currently right now not exhibiting an open that is dramatically above the close of the preceding close (Heikin Ashi bars). This is probably what can be attributed to the slight rise in the RSI, but overall there’s nothing to write home about when it comes to $OMG. I’d have to write this down and write this off as a hard pass. I marked this idea as a 'short' technically even though there are really no viable ways to short unless you find yourself a lending platform that will allow you to do so.
OShort
by librehash
Is OmiseGo ready to blow?!OmiseGo has been on my radar for some time, but how low can we go? We have been in a downward channel tend for some time, currently sitting on a historic resistance, will we see a bounce off that at 0.000801 Quite possibly.. The next stop is 0.000453 and an ATL OMG is a well respected token with some big news in the not so distant future, that is.. 1. the COSMOS hardspoon, (new staking token for holders on cosmos DEx) (they will give a 2 week warning, I'd expect a very positive price action in this time) tokens will be removed from exchanges into wallets - demand will increase - ^price goes^ 2. plasma release and staking (scaling payments on the ethereum chain) Potentially in Q3 but who knows RSI has been oversold for 2 weeks It seems people are forgetting about the huge potential this token holds as OMG don't shill us with their twitter and get on with their stuff. Long term its looking like a pretty tidy buy right now, short term its hard to say where we can go the time to buy is when there's blood in the streets? The question is how much blood will we see before this trend reverses Let me know what you think+
Long
by sddals
OMG/USD - Easy profit or not?Hello everyone, I'm back with my new trading idea. As you can see, OMGUSD has touched the descending support ( BLUE LINE ) few times in the past 3 months. Everytime it touched the support, the price went significantly up. RSI is 34 , which is near the oversold level. In my opinion, we can expect the price to go up in the next 2-3 days. Maybe it could drop a bit lower, but this is still a good time to get on the train :) Have in mind that I'm still a beginner and this idea might fail quickly after posting this idea. Always do your own research before getting in any trades. Good luck. :) Please tell me what do you think about this idea in the comments and if you agree with me, please rate it up :)
BITFINEX:OMGUSDLong
by Test1379415
There is a possibility for the beginning of an uptrend in OMGUSDTechnical analysis: . OMISEGO/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (7.00 to 5.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (7.00) Ending of entry zone (5.50) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 8.72 TP2= @ 9.60 TP3= @ 11.68 TP4= @ 14.90 TP5= @ 18.20 TP6= @ 20.09 TP7= @ 28.50 TP8= Free
BITFINEX:OMGUSDLong
by ForecastCity
There is a possibility for the beginning of an uptrend in OMGUSDTechnical analysis: . OMISEGO/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (7.00 to 5.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (7.00) Ending of entry zone (5.50) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 8.72 TP2= @ 9.60 TP3= @ 11.68 TP4= @ 14.90 TP5= @ 18.20 TP6= @ 20.09 TP7= @ 28.50 TP8= Free
BITFINEX:OMGUSDLong
by ForecastCity
2
$OMG, Trend Confirmation…. Weekly Looking at our trend timeframe we see price is currently testing our weekly trendline, stochastic rsi showing momentum has nearly bottomed out and we should start seeing reversal candles form on our smaller timeframes. Daily Shifting over to our pattern timeframe we see price respecting our descending wedge pattern, stochastic rsi showing possible lower high forming. A daily close above our wedge and we should expect OMG to run, however if we close below 105500 expect OMG to continue to our 60000 support level. 4Hour Finally looking over at our trigger timeframe we see price has been consolidating between 108750 and 106300, a 4hour close above/below either of these levels indicates our next direction. Stochastic RSI showing momentum is starting to head towards the upside.
Long
by UnknownUnicorn2434649