OmiseGO OMG 1 Day Technical AnalysisAnother great longterm hold
- Look amazing for OMG, not to mention the fundamentals alone.
- I see a bull pennant forming and a breakout soon
- Watch for resistance at the next resistance line
- Price had been staggering around the $15 lately
- If the cup and handle completes, we will see a major spike
Feel free to take profits at those areas, for OMG it's a long term hold for me
***$DYOR and happy trading
***Would love to have you in my Crypto League Cryptocurrency Discord >>> discord.gg
Omisego
Kijun BounceGood Kijun Bounce here. With BTC on the rise the alts are cooling down and returning to their means (Kijun). I use the settings (20,60,120,30). I got this from Chaos trader and his 100 MA Kumo breakout strategy and Josh O. on Youtube. Check out their channels. They both have a lot of great stuff on Ichimoku Hyo Kinko and fractal trade setups/
OmiseGo [Parallel Channel Long]Very Bullish on OmiseGO, I love this coin and have been around for a while. It is a Subsidiary of Omise a online payment gateway service provider
in Southeast Asia.
What They Want To Provide:
They Want to create the OMG Money Gateway as a scaling solution for Ethereum focused on payments, trades. etc in both crypto and fiat. OMG is open source and public. Also a upcoming Decentralized Exchange (DEX)
will be secured by Ethereum and built to the limits by using Plasma architecture, able to interact with Bitcoin (or Like blockchains). Read more (The Official Guide, "What is OmiseGO?")
Dyor,
The Official Guide:
cdn.omise.co
White Paper:
cdn.omise.co
Roadmap:
blog.omisego.network
Daily Discussion - April 06, 2018:
www.reddit.com
Latest News:
(South Korea’s Largest Banks Go Pro-Cryptocurrency as OmiseGo Secures Deal)
www.ccn.com
Vitalik Buterin and OmiseGo Announce $1Million in Donation to Refugees
btcmanager.com
Links:
omisego.network
etherscan.io
github.com
twitter.com
blog.omisego.network
reddit.com
chat.omisego.network
www.facebook.com
Great Kijun and Kumo BounceThe green box is a great place for a bounce here. Lots of support due to Kijun and top of cloud.
OPORTUNIDAD GIGANTESCA EN OMG! Hola buen día a todos, como podemos ver omg a estado formando un triangulo ascendente y un couple and handle (taza y mango)... son 2 figuras extremadamente alcistas así que posiblemente podríamos ver una explosión de precio si se llegan a cumplir... yo recomendaría entrar en posición desde ya, ya que el sábado (4/20/2018) omg se en listara en un exchange nuevo, por lo que entrara volumen y hay muchas posibilidades que omg vaya a la luna! :p
link del exchange: ZB.COM
OMG/BTC - 4/19/2018Good Morning, Traders!
OMG has gone bearish starting at the beginning of March and just recently retraced 100% of that price. As the price went bearish, it was hit by the 2/1 Gann fan line matched with a previous support line of 1181 and caused a reversal in the price. Similarly just a few days ago the price reached the 1/1 Gann fan line and fell back beneath it.
According to the Ichimoku cloud, the price is predicted to go bearish and be hit by the cloud as a support line. If this prediction occurs, it can be expected to be hit by one of the support lines of 1620 and 1436, both of which are matched with Fibonacci retracement levels.
The RSI indicator entered in an overbought phase 3 days ago and continues to remain above the 70 mark. This indicates that people will naturally start to sell in order for the RSI to fall back into the normal area.
Important Resistance Levels: 1936, 2236
Important Support levels: 1436, 1620, 1766
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Hammad Fazlani
Research Analyst
OMGUSDT Go Long in break out zone - PrudenceThere is key support with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, including the Monthly Pivot Range. This setup cannot be more supportive. With the price trading in breakout mode at the moment of writing the need to act is now to go long the market.
The action to take is to place a buy order to enter the market long within the buy zone area but with a limit of 15.65 or close to this level. This gives us a good risk reward ratio within a high probability setup with all this support. With the breakout this will confirm the market wants to move higher. Place the stop loss at the Opening Range low and the profit targets stated below.
Exchange: Bittrex // Buy at: 15.65 limit // Stop-loss: 14.89 // Take-profit: 17.95 / 20.40
Once price reaches the first profit target raise the stop loss to breakeven (entry level); then if the market follows through to higher levels manage the trade further by using a trailing a stop loss 1.00 points behind until second profit target is reached or stopped out.
OMG/ETH is gearing up for a parabolic move to ATHsHere is a simple chart showing the route that I think OMG/ETH will take in the next two weeks. The ATH for this pair is around 0.045 and I think we're seeing a parabolic move back to those levels (and beyond). I believe the value of the OMG project was priced into the initial climb to ATHs back in August and September 2017. After a large correction back to ~0.011, the project's vision is coming to fruition and we're getting very close to a functioning DEX, POS validation, and the recently announced "hard spoon" with the Cosmos network. I've decided to stick to the actual announcements that have been made, and not price in some of the rumors that have been floating around. If even one of the rumors that are floating around reddit and telegram happen to be true, go ahead and disregard this chart ( because a Coinbase addition would make any coin triple in value ;D ).
There are several key resistances on the daily chart where I think we'll see brief consolidation, but I'm very confident that at least a few of the daily candles will resemble those on the initial climbs back in August. If you're curious, the single largest increase in price of OMG/ETH in a single day was on August 10, 2017, where the ratio rose from 0.0115 to 0.02 (~73%).
To put this into perspective, on April 14 we opened at 0.0238 and the daily high reached 0.0375 (~57%). The buying pressure is building and we're starting to see an increase in trading volumes on the daily as well. It's only a matter of time.
I published my swing trade setup for this pair last week and it's turned out to be very profitable. We still have at least another 50% to climb from where we are now, and I believe its going to happen in a hurry. Of course this is crypto and anything could happen, so these wild ideas I have are for entertainment purposes only.
- Peace -
OMG - Bullish Triangle/Pennant I don't usually make my trades public on TradingView but OMG is a long term HODL for me and regardless of whether this is the next leg up in this bull run or not I won't be selling anything from my main stack. I usually like to break up my TA into a mix of fundamental analysis and technical analysis and then make my decisions based on both. OMG is my biggest HODL in my long term portfolio and it's great to see it start to gain some traction again and decided to post a small TA update.
Fundamental Analysis:
OMG has been making big moves the past couple months and it doesn't look like they are slowing down any time soon,
1. Plasma MVP launched, Plasma ahead of schedule, and OMG SDK open beta released (In early days of OMG being listed a lot of people complained about the team having no code or product to show, this is no longer being used as FUD against OMG)
2. Big partnerships all around Asia announced and more coming (Shinhan Bank, Thailand government, APEC, SMBC Financial, etc...)
3. Cosmos Spoon and Electrify Asia airdrop tokens, both these tokens will be given to people who hold OMG and will be able to sell them without having to sell OMG. Not only does this add value to the underlying asset(OMG) that is producing these tokens, it also starts a precedence that other reputable tokens that use OMG network will be more likely to airdrop tokens to OMG holders (similar to how a bunch of ICO's starting airdropping tokens to ETH holders)
4. MakerDAI & OMG collaboration to launch a stable coin on the network and the ability to use OMG as collateral on the Maker platform.
5. A lot of reputable Asian exchanges listing OMG with speculation/rumors of OMG being listed on Bithumb and Coinbase soon.
These are only a few of the main points from the past couples listed and there are many more you can find and a lot more news seems to be coming.
Technical Analysis:
1. OMG is above the 1 day/4hr/1hr ichimoku cloud
2. RSI not oversold and maintaining uptrend
3. OMG has been able to hold the price for a couple days now
4. Largest volume has ever been on Binance was the other day (almost double the max volume has ever been)
With all that said, OMG is looking very bullish at the moment and I do believe this is just the beginning of the OMG bull run, next leg up will have a shorter consolidation period before OMG attempts a new ATH against it's BTC charts. Keep in mind this is a market (a very volatile & unregulated market) and there is always the possibility that OMG or the Market experiences FUD and I always like to take that into consideration. Always open to constructive criticism and if there are any questions I'll try and answer to the best of my ability :)
A long-term trading opportunity to buy in OMGUSD. Wait to hunt!Technical analysis:
OMISEGO/DOLLAR is in an up trend and continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 55.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (13.77 to 11.46), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (13.77)
Ending of entry zone (11.46)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 15.55
TP2= @ 18.05
TP3= @ 19.70
TP4= @ 21.55
TP5= @ 25.53
TP6= @ 28.50
TP7= Free
A long-term trading opportunity to buy in OMGUSD. Technical analysis:
OMISEGO/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 65.
Trading suggestion:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend would begin.
There is possibility of temporary retracement to suggested support zone (12.50 to 10.07), if so, traders can set orders based on Price Action 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 "Hammer" or "Trough" , 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 15.55
TP2= @ 18.05
TP3= @ 19.70
TP4= @ 21.55
TP5= @ 25.53
TP6= @ 28.50
TP7= Free
OmiseGOOmiseGO (OMGUSD) has been rallying the last week and is now between support and resistance areas.
If price continues up, we can expect a reaction from the resistance around $20.
If price drops down to the support around $13, we can expect a bullish reaction with a possible move up to $20.
If price breaks the support, the next support area is around $9.00.
Good Luck,
CryptoTrendline
Long recommendation OmiseGo BitfinexI was just going over some chart and, admittedly, the OMG daily chart looks best by far.
We are trading both of above the MA50 and MA100. EMA 20 is rising and may break above the MA50 soon.
Entry levels may be around the recent high of 17.5 USD or 13.2 USD being the 0.5 retracement.
Mid term exit target could be 35 USD where we will meet the top of the 3rd square.
Trade safe!
OMG in ascending triangleAt OMG we can see an EW-movement, which I´ve drawn in primary cycle.
It is now the question if the last corrective wave has already ended or if we´ll see a new low at about 6.30$.
At the peak of the ascending triangle we´ll see the new direction.
Whether it turns up - then the corrective wave has ended and we´ll see a new trend (green arrow).
Or it turns down - then the corrective wave continues and we´ll see a new low (red arrow).
Up: +60% till the fib retracement 38.2% (15,51$)
Down: -32% till the swing trend line at 6,28$
Indicators: in sum positive with RSI above the trend line and DI+ rising
OMG HiperbullishOmisego is one of my favorite Criptocurrencies. Right now is showing an ascending triangle, pulling back from the first wave, the retracement touched the .618 fib to continue the ascending pattern. This currency is skyrocketting the market and will grow exponential.
Disclaimer: This is not a financial advice.
OMGBTC - Wait for refuelTools used:
Bollinger bands
CM Super Guppy
Chande Momentum
Far out of Bollinger bands, expecting heavy retracement back to possibly 0.5. Guppy trend shows that this would not be a good buy right now. But could that be a factor that should be ignored if this was an accumulation phase?
Scaling in orders from 0.001249 makes the most sense, perhaps higher, as the top wicks on the past three daily candles doesn't show confidence in a continuing trend. Possible FOMO stop limit order at 0.001750s if the bull flag confirms.
Momentum looks great on the daily but is bearish or indecisive on lower time frames.
#OMG #BTC - Current support will determine next direction. OMG has had a nice run. My largest positions are still open. If support breaks (shown on chart), we will have the opportunity to buy lower. If the current support hold, I am confident we will see another leg up. In the latter instance, I'll add another position.
Note - the current support is significant. This price level has dictated resistance and support at various points in the recent and more distant history of OMG. The support also marks the current Kijun position on the 4 hour time-frame.
Scenario 1 - Bounces of the above-referenced support = I add new long position.
Scenario 2 - Support breaks down = I confirm, sell a portion of current positions and look to buy back at lower cost.
DYOR. Not financial advice. Good luck.