Omisego
Steem forecasted to reach $12 / $14 by June. Daily MACD Crossed.Steem seems to have formed a symmetrical triangle on the daily chart similar to what is seen on LTC and OMG (please see link below). The conditions of the symmetrical triangle is very common to what was published for LTC 7 OMG. If there is an outbreak to the upside, prices can potentially reach $12 to $14. This should be achieved between June to July as long as BTC keeps moving in the upward direction.
MACD on the daily is has crossed over which is a good sign of things to come.
The following conditions have been met for the symmetrical triangle.
1. The general trend of Steem is to the upside. We have consolidated in the triangle after a bullish move.
2. The triangle has been formed with 3 points on each side.
3. We can see the volume reducing
4. The triangle has a duration of 3 months starting from January
5. The breakout will be occurring at least 3/4 of the way through the pattern
Still waiting for the following.
6.We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $12 to $14 to be achieved.
7. We are still waiting on the breakout confirmation.
These are just my opinion. DYOR before using anyone's opinion for trading.
OmiseGo to hit $40 to $45 around May 2018OMG seems to have formed a symmetrical triangle on the daily chart similar to what is seen on LTC (please see link below). The conditions of the symmetrical triangle is very common to what was published for LTC. If there is an outbreak to the upside, prices can potentially reach $40 to $50. This should be achieved between mid-April to mid-May as long as BTC keeps moving in the upward direction.
MACD on the daily is curling up as well which is a good sign of things to come.
The following conditions have been met for the symmetrical triangle.
1. The general trend of OMG is to the upside. We have consolidated in the triangle after a bullish move.
2. The triangle has been formed with 3 points on each side.
3. We can see the volume reducing
4. The triangle has a duration of 3 months starting from January
5. The breakout will be occurring at least 3/4 of the way through the pattern
Still waiting for the following.
6.We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $40 to $50 to be achieved.
7. We are still waiting on the breakout confirmation.
These are just my opinion. DYOR before using anyone's opinion for trading.
OmiseGO (OMG) Possible ScenarioOmiseGO has crossed the local (March) downtrend line as well as 0.236 fib retracement level. This may be interpreted as one of a reversal signals.
Possible scenario: OMG goes up to 0.618 fib level (Target 1), then bounce back to somewhere between 0.236 and 0.382 levels. After that it may turn back and finish the right shoulder in inverse Head & Shoulder pattern. This may give OMG the ability to make a run to the previous high at 0.00196 BTC (Target 2).
If it can break the previous high level, then the next Target 3 is at 1.618 fib level and is 0.00246 BTC.
OMG (OmiseGo) tunneling - linear continuationLike the previous OMGUSD channel from my analysis begin of March following up played out perfectly (see ), we can see OMG now opening a new channel in a sideways progressing.
Thus I'm keeping the exact same downtrend channels on the linear 4h (purple dashed) extended to the right, while further fully capturing the last channel.
Resistances to keep an eye out on next development:
- 200 EMA confirmed support/resistance indicator (dark rose)
- 78% fib retracement (nearly falling together with the 200 EMA)
- further intact macro channels (blue solid)
- long term uptrend (green solid) - pierced/weakended at Feb-6 + dumped at March-14 = acting now as resistance
- purple channel's new end - a subsequent upbreak of the current purple channel at the $13-14s could send OMGUSD directly to the end of the blue macro channel in the $16-17s, followed by a common trend resistance in the $18s (green dashed)
OMG: uptrend despite crypto slumpAllthough I currently hold no position in OMiseGo I really like this token. OMG is about banking the unbanked, starting off in South East Asia. It is an ERC20 token and the first Plasma Network crypto (scaling solution that should allow for up to 1 million transactions per second!). It aims at allowing cross platform operability with a whitelabel SDK wallet (for instance transactions between Paypall and Alipay!!). Their ambition is to process every single transactiojn on the ETH blockchain. They allready have an impressive list of partners as well as advisors, just checkout omisego.network
Price development of OMG shows just how robust this project is, while bitcoin and most alts have been slumping since early january, OMG has allready taken out january's high (in btc price that is). The token is currently in an upward channel pretty close near the low range of this channel. RSI has given us 'Hidden Bullish Divergence' which indicate underlying strength and a good entry or re-entry moment (buy the dips). Look for a move towards the upperband of the channel (near 0.002btc) and if altseason takes of way beyond that!
OMGBTC1 Hour Chart
Dotted Blue line are 1 day support and dotted red line are 1 day resistance
Red line are targets/resistance and green line are support line
1 saatlik grafik
Mavi Cizgili cizgi 1 günlük destek cizgisi ve cizgili kirmizi cizgi ise günlük direnc cizgisidir
Kirmizi cizgiler hedefler/direncler ve yesil cizgiler destek
OmiseGo short term 30% profitOmisego started a new 5 subwave sequence and is currently in the 2th subwave. We can also confirm this when we look at the MACD, The begin of wave 1 has a bullish crossover, and the begin of the current wave 1 has a bullish crossover. OMG has the potential of 30% profit in the upcoming days-weeks, ofcourse this is only valid when BTC has enough buyers.
Omisego is setting up Omisego is setting up!
-falling wedge (bullish sign)
-77ma positive 231 flatline (bullish sign)
-RSI neutral
-MACD is about to do a crossover
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
OMG/BTC looking decent on the one dayYou can see we previously completed an inverse H&S signifying the reversal of our downtrend.
We now have what looks like a cup and handle forming.
RSI nearing oversold levels and beginning to reverse.
MACD (potentially) starting to turn over as a confirmation.
I say go long.
T1: 180-200
T2: 250
T3: 300
Not financial advice, blah, blah, blah.
Omise go - A bright future ahead. Good evening traders, lets quickly jump into our OMG analysis.
As we can see on our 4h chart, omg is making lower highs and lower lows, the price just broke the 50ema and now its testing it as resistance.
On the 12h chart, we have already a higher high and the price might wanna make a higher low, the 50 ema is working as support for now, we need look out for the price action on the 4h timeframe now.
A good reload zone is marked on the 12h chart channel.
OMG is a very nice token with good fundamentals, so there is no need to use stop loss here unless you are a day trader.
For short term targets , 20 usd is only fair.
Medium term, 30 usd .
And for long term, i dont think its any absurd if we see OMG above 50 usd this year.
A break and close above our downtrend (green) will give us confirmation that omg is ready to reach higher levels again.
The volume is decreasing so i guess there will be some action very, very soon.
Good trades everyone.
OMISEGO deserves more than that (Great Buy Opportunity)Hi guys,
I am reducing the number of coins to up to 2 per week. For that, I am Working on all the alt market to make sure that I provide you great content and coins that are the most likely to go up.
The coin for today is OMG and it offers a great buy opportunity. Due to the mistakes I have made in the past, MACD and other types of moving average does not appear a great indicator for a buy signal. Considering the RSI and the trend, but also the technology behind each coin, OMG is a great buy opportunity.
For the ones that are looking for quick gains, it can offer you a 15% up to 20% short gains.
Those with a long term vision, sky is the limit.
Make your choice and make MONEY flow $$$$!
Good luck!
OMG! - Ride that upward trend channel for OmisegoA relatively straightforward piece on request of a reader/follower.
OMG has switched from one upward trend channel to another, like missing a step on a ladder but still going to the attic. You can also compare it a little bit to the typical pitchfork analysis and we are now in the lower end of that upward pitchfork.
- Given that volume is rather low , I expect this trend channel 2 to hold and hence that we will not move to the previous trend channel 1.
- Moreover, we are testing the 38,2 Fibonacci level with current price and this is also more or less the upper resistance of this channel. If we can’t break it, which is the most likely scenario, we will retrace back a little, but I don’t think it will go back more than the lower resistance line of this channel.
- We are seeing some overboughtness in the CCI, and have just made a bullish cross in the MACD. I believe the upward momentum remains intact but it should not get ahead of itself, so do expect some red candles too in this channel. And the trend is your friend, so no need to get out of your position here unless something dramatically changes.
- Now: if we look at the 2h chart, we see a death cross in the MACD, negative pull in the CCI and the candles bending as well, so we can expect downward movement right now in the very short term.
- If we look at the 4-hourly, it is still a bit in the making.
Conclusion: expect some up and downs in this trend channel, but the trend remains your friend for the moment – nothing more than that!
Resistance levels & targets are shown in the chart:
- Upper trend line of the current channel
- 38,2% Fibonacci at 195877
- 50% Fibonacci at 221670
Support:
- Lower trend line of the current channel
- The yellow line at 181405
- Red Fibonacci support