Omisego
OMGUSD : $35 USD Is At Arm's LengthOmiseGo has been included in any Crypto investor's portfolio for 2018 as this Ethereum based token promises a low-cost and more secure decentralized payment/wallet platform with its own Blockchain network accessible for any person in the world. In another fundamental perspective, OmiseGO is a project created in collaboration with the Authors of Lightning Network and Founders of the Ethereum.
Therefore one can rely on the validity of this project for the long-term and resolve to invest in OmiseGO as its future will occupy a substantial amount in the world of Cryptocurrency delivering a higher ROI for its investors.
OmiseGo OMG- Ethereum's Favorite Token .LONGVitalik Buterin tweeted somewhere around mid-December of 2017 that his favorite token.
OmiseGO Blockchain comprises a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. It is a scalable and totally public (permissionless) blockchain whose Proof-of-Stake consensus is bonded by the activities of the chain itself.
OmiseGo: Pending Bullish Bat PatternOmiseGo is one of the hottest alcoins at the moment - one of the most promising for the 2018. Any buy setup is worth an investement, short term or long term depending on your strategy. In this post I highloght a pending bullish bat pattern which is about to complete in case price drops further for a deeper correction.
Sl and tp as shown in the chart. In case price reaches the first tp we better move sl at breakeven at second position.
All the best,
John
A Cup Of Tea?Quick analyse about OmiseGo (OMG), we are currently forming a cup and handle, which is a very bullish pattern.
Indicators like RSI are also bullish.
Regarding the project behind OMG, they are seeking to unbank the banked. It's a decentralized bank using a Proof of Stake algorithms (PoS) and they have Vitaik Buterin (founder of ETH) as an advisor. Currently evolving around 25th place regarding marketcap, it has a lot of grow ahead.
I would recommend this call as a long term trade
OMG/BTC (Poloniex) - Buy Limit 0.00081000Market - Poloniex
Buy Limit - 0.00081000
Take Profit - 0.00162000
Target - 100%
OMG will fly to $28-30 but first needs land at $6-8 rangeHere is my analysis:
1) I think we finished the B wave (main wave: 3rd correction wave), which was an ABCDE formation. (Chart on the right)
2) C correction wave can extend to $6-8 range. (Chart on the right)
3) The next impulsive wave can go up to $30, which is an E wave. (Chart on the left)
4) This is my dream but afterwards, OMG can go higher but not sure where. (Chart on the left)
OmiseGO - Ready to GO Up? Buy Opportunity.The price is forming The Ascending Triangle pattern which is usually formed during an uptrend and considered as continuation pattern. There was already one fake break out and returned inside this pattern. Buy orders should be set above this pattern and swing high of 16 level. RSI and MACD are both supporting uptrend continuation. Notable thing is that when the price moves above MA50 level it is a strong buy signal.
Price fell under 11.6 but quickly rejecting it and bounced back up. This is strong indication that the markets wants to move further upward. .382 is considered as golden ratio.
Also the chart is showing a bullish reversal pattern which is double bottoms.
Lucky those who managed to buy under 10usd with these bargain prices. Stop orders need to be set below bottom level of the pattern and under strong support level. It is strongly advised to use stop-loss orders.
If you need any help with trading or recommendations where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Trading Information:
Buy: Above 16 level
Partial Profit Target: 19 level
Main profit targets: 21.5 & 25.8 levels
Longer term Target: 28 level
Stop Loss: 10.8
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
OmiseGO OMG Bullish Breakout 100%+ LONG7 MA over 77 MA on 1 day chart = stronk breakout candidate = Bullish
Mac D on 1 day and 4 Hr charts showing positive divergence = Buillish
RSI Pumping = Bullish
Increased volume on 1 day chart = Bullish
Bullish pennant on 1 Hr chart = STRONK
Bullish Pennant on 1 Hr:
TARGETS based on Fibonacci Levels below but we could hit ATH on this push:
Do your own research before buying this coin. I am not an expert and this is only an idea of mine.
If you would like to tip me with some of your earnings:
My OMG Wallet: 0xace97fc36fa5bdb881aa6d32e3a6386c9455db39
My BTC Wallet: 1JWGq6YWoENLK1nrRRtCUQeARcod78Za37
My LTC Wallet: LTddysmLQr1v1wusHgDG4CLjeSsJ1FQbUZ
My ETH Wallet: 0x1676ae4c42028fc1a4e6fc6338e677337d7fdc6c