Omisego
OMG - Finds a breakout back to BULLOMG broke through the downward resistance point this evening, which also matched a reverse FIB level .236
I ran a trend based FIB extension on the current spike and found a 1:1 extension at .001658 for sell order. Expecting this trend to continue, but will need more details before elaborating.
$OMG - OmiseGo Daily ChartI look for enty for OMG here as i believe it will be a good longer term investment. Here we see some divergence developing with the BB% and we eventually see a pull away from the lower bollinger band, but its been very slow and still hasn't gone positive with weak volume. The AC oscillator is coming close to the zero line signifying a possible change in trend and we are at the very top of the current channel. We sit against line of monthly resistance now so in order to consider a buy in, I want to see a closing candle outside this channel, and then I want to see if we can see a push past the 20 period moving average. If we can not break through the channel or unable to break through the lines of resistance here, the next line of possible support isn't until 134375 SATS so I would wait to see if we get the trend change there before considering entry.
OmiseGO at supportOmiseGO (OMGUSD) has been dropping since the beginning of this month and is now back to the support level around $9,00.
If price reacts and rallies from the support area, we can expect it to reach the resistance area around $13.
Once price reaches $13, we can expect some reaction to the downside.
If price continues to drop, we can expect the drop to continue to around $6,00.
Good Luck,
CryptoTrendline
OMG road to the moon Medium-term chart for Omise Go. Excellent fundamentals, road map moved (POS+plasma+important associations incoming), great team led by Jun , Vitalik and Joseph Poon. The target is only the first, in the long term I consider much higher targets but it is too quick to make calculations.
Not financial advice.
Gain more ETH with this OMG trade on Binance!! It's buy time!!-Great Cross on the MACD.
-The EMA is about to give us the golden cross for some nice gains.
-The volume is picking up
-Holding old support levels
*** The market is bearish right now but we can still gain more Ethereum through this trade. For example if you invested 1 Eth into OMG at 0.020000 and the trading pair increases to 0.030000 then your 1 Eth is now 1.5 Eth. So you have gained 0.5 Eth, which is great for when the markets turn bullish because that 0.5 Eth that you have earned will gain more cash value as the price of Eth increases. Basically you invested 0.5 Eth for free, the more Eth you gain now the more money you will make when the market picks up!!
OmiseGoBreak out resistance line of falling wedge. And now moving in triangle with increasing. First target 23.6% level fibonacci (0.00157)
OMGBTC (OMISEGO Token) Ready, Set…………..!OMGBTC (OMISEGO Token) 05/26/18, 8:15 PM EST, by Mike Mansfield
Good evening, trader friends! Thanks for stopping by. No, no, no, I am not here to wrangle a thumbs up from you on this one. However, if you just love any of the other forecasts, feel free to like away! ;-)
OMISEGO sounds a bit like what “oh my gosh” would be in another language.
Perhaps you can relate to the following statement: "Sometimes I literally “know” what an outcome of a chart will be with a high degree of clarity, probability, and ultimately accuracy." However, this is not one of those times. I can rationally make the case for several outcomes. That is not something I love….but since someone asked for this, I’ll map out the 3 patterns and their likely paths and change of trend times and price areas to watch for.
BOTTOM LINE: UG! We have patterns within patterns, but the cycles look good!
Pattern-1 is long-term neutral:
Large triangle wedge pattern (lime green and dark red lines) may be forming. If correct, it is unfinished and will have at least one, possibly two, more legs down toward the red long-term support trend trend-line, before we can say for sure if the pattern will resolve to the upside and moonshot, or tank into crypto oblivion.
Pattern-2 is medium-term bearish. Maybe:
Bearish rising wedge (cyan blue trend-lines) lines are converging in an upward direction. But it’s not super perfect pattern, as they sometimes look. Rising wedges typically resolves to the downside in a significant way. Moreover, OMG broke the lower support line at the recent May 23 low, which likely means eventually lower prices.
Pattern-3 is short-term bullish:
Falling wedge (yellow downward trend-lines) is short-term bullish and no matter what,
a cyclical bounce is due now based on the two quite accurate cycles thus far.
CYCLES:
Two nicely aligning cycles lows are nesting now (making a low). OMG should have a tradable rally to the green downtrend line.
Green cycle moving up and due to peak June 18,
Green cycle bottoms again July 15th.
Pink cycle is also moving up. Both the pink and green cycle are both due to top around August 10 also, =/- 2 days.
INDICATORS:
Klinger Volume Force is in a wedge. It also supports the idea that the eventual breakout, up or down, should be big.
MACD is rounding in line with cycle lows due any day now.
SUMMARY:
Short-term pattern and cyclical are bullish for a bounce, or more, perhaps until mid June.
Then, another selloff back to the lower cyan support trend-line, in alignment with the cycle low of the shorter-term green cycle, while the larger pink cycle is
moving up.
OMG with then either breakout the upside in line with the pink cycle moving up until about August 10th, while the pink longer-term cycle is also moving up and
blast off.
If the breakout does not happen by the peak of the Pink cycle (Aug 10th), then OMG is very bearish, and the bigger triangle/wedge will likely end badly for OMG.
If OMG breaks out to the upside between now and June 18th, then it might retest the breakout line or pullback around July 15th then have a cyclical peak
August 10th +/- 2 days.
POTENTIAL TRADE:
Consider looking for a short-term cyclical long trade. Lower risk area could be at the first higher swing low once a 34-50 bar EMA
average (or something better) turns up and price is also closing above the average. If The trade doesn't move nicely after the first or second pullback on a 240 minute chart, then the outlooks would be quite bearish short-term and long-term.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers!
Michael Mansfield CIO
OmiseGO, a Mid - Longterm analysis [OMG/BTC]A Mid-Longterm look on OMG/BTC
One of my favourite projects, with a cyclic nature will hit back soon. A common cycle is sub $10, then above the $18+ region.
Here we want to pick up OMG around a support region after it has some good buyback volume after selling volume thins or shakeout occurs.
In this trade I use:
~SMA 30.
~Trendlines.
~Horizontal support lines.
~Volume for confirmation of bleed.
~RSI.
~Fibonacci retracement to line up with targets of trendlines / to see if these regions naturally occur.
~Stoploss / sell zone on a fakeout of a buy in.
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This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
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Xander
OMGUSD (OmiseGo) wave analysis update: 4hr tfMy previous post on OMGUSD (4hr tf) can be found here:
It was mentioned in the previous post that a price close below ~$12.50 favored a bearish scenario for OmiseGo (OMGUSD). Price swing downwards from ~$17.82 on April 26, 2018 is therefore identified in this analysis to be a triple zigzag Elliott wave structure (W-X-Y-X-Z) that is not yet complete as we are in the last leg of the structure i.e. Wave Z.
The horizontal red lines on the chart from the previous post mark the region that is still favored for the termination of wave Z, before any bullish momentum can be sustained by OmiseGo (OMGUSD).
The point of invalidation (POI) of this analysis is a price close above ~$16.05 at which point OmiseGo (OMGUSD) would have invalidated the proposed Elliott wave structure.
My thoughts on $OMG currentlyMy current thoughts on $OMG at the moment. What do you all think? Let me know my good peoples
OMG Buy ME!!Now lets talk about Omisego with Microsoft being one of the main sponsors at Consensus 2018 We can begin to see that Omisego has started to fire off the TTM Squeeze to the upside. on the 5 minute its break out already started. on the Teal triangle...the tip of the triangle is its possible trajectoryto the upside as it has started to form an ascending Chanel. we have a fractal on the tip demonstrated by the pink half circle on the chart and a higher low following the Chanel. Ichimoku already started to fire off Bull signals on the smaller time frames. currently testing the resistance at 1640 satoshi if its able to break past the 1640 satoshi mark my next level of interest is represented by the teal line at 1740 satoshi this is the bull run confirmation level as if its able to break past the resistance there is a big chance we will see the start of a nice run. Remember that Omisego is associated with some of the biggest names in technology today! OMG i am most definitely bullish.
There is a possibility for the beginning of uptrend in OmiseGoTechnical analysis:
.OMISEGO/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (12.50 to 10.07). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (12.50)
.Ending of entry zone (10.07)
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 special version of our "Price Action" strategy FOLLOW our lessons:
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$OMG Bull-Run Beginning! Pennant over #OmiseGO long awaited MoonI've been following OmiseGO for a long time. OMG has top fundamentals and has had a steady growth of support for some time now. I made a lot with my last bull-run prediction. This time, not only is it the same pattern, but we've reached the end of the pennant; support is breaking through resistance and we're about to skyrocket to the moon. I do not say this lightly. Load up now or forever hold your peace.