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!
Omisego
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
OmiseGo VS Bitcoin - A Perfect Buying Opportunity?Clearly, OmiseGo trend is up, while it continues to produce higher highs and higher lows, not to mention that price stays above the 200 Moving Average. While the trend up is valid it is just a matter of searching for a perfect buying opportunity.
Is it possible that today is the day? The opportunity day? Well, it certainly could be!
OmiseGo has reached the high at btc 0.0019 and corrected back to btc 0.0016 where currently it is facing a very strong resistance.
The lower trendline of the ascending channel is being rejected.
The 3/1 Gann Fan is being rejected.
The 38.2% Fibonacci retracement level is being rejected
The 200 Movin Average is being rejected
The support at the btc 0.0016 is massive and if OmiseGo will hold this area, the probability of the uptrend continuation shall be extremely high. Although it could be better to way for a confirmation - break above the downtrend trendline.
On a downside, break and close below btc 0.0016 might result in further correction down towards 76.4% Fibs at btc 0.0013, from where the long-term uptrend is expected to continue.
OMG/USD Volume Analysis Prediction 2/27/2018Hi, friends.
OMG coin is stronger than the market (BTC and ETH) for now. We see a clear bullish initiative.
The uptrend will continue its movement. Better way for now is to wait a correction wave to the max volume (P O C) of February and then buy.
Trade recommendation:
Entry point: 19.75 (aggressive) and 17.75 (conservative)
Stop: 16.99
Target1: 22.75
Target2: 23.50
Target3: 24.99
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
OMG/USD - Mega Bullish - Buy ZoneThe impulse is not the prettiest, but both wave 2 & 4 retraces slightly.
These slight retracements show positive market sentiments of OMG, and it should be reflected in future price action. In my opinion, it will be extremely bullish.
Wave 2 often retraces to .618, but looking at wave A, it does not seem like it will be the case for OMG.
Watch out for price reversal at a:c = 1:1, it would be too early a buy for me.
I prefer the green box, with a:c=1:1.618, confluence with .382 ret, and in the region of wave 4 of bullish swing.
Good luck.
OmiseGo Trend Is UPAfter reaching the all-time high at $29, OmiseGo corrected down to 76.4% Fibonacci retracement level that has been rejected cleanly, together with the uptrend trendline. The uptrend remains valid and the price continues to print higher highs and higher lows on the Daily timeframe.
After rejecting the Fibonacci support OMG/USD once again started to produce higher highs and higher lows, confirming the uptrend on the lower timeframe. Currently, the short-term consolidation could take place, while OmiseGo remains bullish.
The nearest upside target is seen at $35, that is 75% growth potential from the current price. If OMG will correct down, a good buying opportunity should present itself around $17 level. In the worst case scenario price could correct back down to $7 or $11 support levels and only then continue the uptrend.
OMGBTC At A CrossroadsOMGBTC is at a crossroads. Hoping it follows the upward trend otherwise it's likely to head down to the next yellow support line, but it will still rise in the coming weeks.
OmiseGO: reversal H&SOmiseGO TA:
- after an ABC correction, market has been painting a reversal H&S.
At the current time we are testing neckline.
If neckline support holds our first target is: 31.5 usd
OMGBTC Head And Shoulders Beaten By The Support Line?A potential head and shoulders has formed on BINANCE:OMGBTC but the culminating drop has, so far, been resisted. Will it hold and continue in the upward channel?
OmiseGO Bullish viewOmiseGO is looking bullish. Wider view - price above the 50% Fibonacci correction of the global uptrend and the global uptrend support line.
Recently Omise broke the January high 0.0018 and still holding this level.
If the coin will be able to get higher then the next resistance level 0.00195 that will add more confidence to bulls.
For today OMGBTC is in lateral movement between 0.00185 and 0.0019 boundaries.
Steep Uptrend = Moon?This is just my second T.A and I think eventually it could at least hit $100. But it is going up very fast and I think we are still due for a large uptrend and hit support around $25-$30 or something like that (I haven't checked the order books yet that's just a guess). Honestly I think we are due for $30-$50+ after announcement and implementation of Plasma.
OmiseGO OMGBTC Triple Bullish Combo?!Hi Friends!
OMG looks like have Triple Bullish combo:
1. Bull Flag (target 0.0026)
2. Head and shoulders (both target reached)
3. Cup and Handle (target 0.0034)
Dear traders and friends, on this road we will see some retracements, I'm sure they will be.
Where to buy?
On Cup and Handle Resistance line: 0.00178 - 0.00184
OMG Omisego in cupseption mode... I Adding some here and some more on break...
This is just an idea, not a financial advce.
Please follow me on twitter and consider the tiping jar :) it feels really great to be appreciatted
OMG still bullish. Look for a three wave correction.OMGUSD 1H
Hey guys, as we can see on many alts including OMG we have completed a five wave structure to the upside that has started when BTC hit 6k. After that, a minor five wave structure which can be labeled as wave (a) of a bigger three wave (abc) started and has now finished. I'll be looking for a minor upmove (wave (b)) and finally for another bearish minor impulse (wave (c)) to complete the overall corrective structure at one of the marked levels ($15, $13.50, $12). As you can see on the chart I have labeled the top of the five wave upmove as (1). Therefore I am expecting a bigger bullish impulse (wave 3) after the completion of the abc correction.
Cheers
Bud
OMG/BTC POTENTIAL!! DON'T WE ALL LOVE OMG!Hello everyone!!
Here's one of my favorite coin currently on the market!! Don't get me wrong though it won't avoid BTC moves BUT it has a lot of potential. Everything on this chart looks really BULLISH to me.
OMG is/was ready to go before BTC decided to make a move. You can CLEARLY see that its working these fibs like a charm on top of that clean bull flag. IF BTC decide to not make this 5th wave it might go faster than we think and not go further down.
Remember risk vs reward is what you should be hunting for in this crazy volatile market. RISK MANAGEMENT should be your priority. DO NOT GAMBLE. Just keep an eye on it and let the chart show you the way :)
Again, this is not a guaranteed move but VERY possible. BE SMART.
Thanks for sharing if you liked :)
Pan / CryptoCerwin
Twitter : twitter.com