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Omisego

OmiseGOnna Rip One In 2018 (OMGUSD C&H)Anyone who has seen my ideas before will know that I may be slightly obsessed with the cup and handle pattern, but it is just such a strong pattern. Bitcoin broke out of it's cup and handle early this year, and now look where we are. I see this as a potential play for OmiseGO. After topping out around $13.70 back in September (end of wave 1), OMG consolidated for about two months until bottoming around $5.50 (end of wave2). Since then its been on a steady rise, aside from the flash crash, which does not invalidate the pattern in my opinion. Even if the cup and handle fails to complete correctly for some reason, I still believe this is a good long opportunity for OMG, as we are obviously in a massive bull market. 2018 is going to be huge for all coins. We are in another expansion period similar to this spring, except likely longer and more massive, as most of these coins are moving on to there third waves. TP 1: $18.00 TP 2: $50.00 TP 3: $200.00 I based these test points off the fib circles drawn. $200 seems very possible as a potential wave 3 target. I expect the C&H to complete before January, but it may even complete before the end of this year.
BITFINEX:OMGUSDLong
by jwlondon98
14
OMGThis market is amazing. There are so many opportunities. Every time I press refresh I see a possible trade for 10% gain on random coins. It is surprising how far OMGBTC has dropped. But I believe that time is about to end. With the recent tweet from Vitalek, I am certain many people will misinterpret what he meant and end up buying this crypto. That will drive price up. Either that, or it is simply too low and is going through the ebs and flow of the market. What are your thoughts? Trade with care.
Long
by AbdorhmanThi
OMG Bullish ABCD pattern - New ATH incoming?Technical view: We can see a classic ABCD pattern on OMG. B to C leg is a 0.618 retracement from the A to B leg. C to D leg will be a 1.272 extension of the B to C leg, conform the ABCD theory. This makes an estimated target of around $16. A to B lasted 61 days, so C to D will likely last 61 days and reach target around new years eve. We also broke the ichimoku cloud and are in bullish zone. Fundamental view: Omisego hasn't been hyped since the initial pump to $13, and has been in a downtrend & accumulation phase for a long time, with an all time low of $5 (!) after the pump. Omisego has interesting developments upcoming. While the management team is not actively marketing (i.e. pumping) the price too soon, core wallet SDK will be released soon and partnerships are made on an active basis. For 2018 major roadmap developments are coming regarding the cash/in-out system and Decentralised exchange (DEX) with token staking possible. conclusion: Omisego is a quality project with extremely good fundamental value. $16 as a target is quite likely, but may not even be the top for OMG from 2018 and out.
BITFINEX:OMGUSDLong
by UnknownUnicorn1127548
2
OmiseGo ConsolidationThis market was struggling to perform compared to other instruments over the last few months. In August OmiseGo was on fire. We tagged the major fibo resistance (a shorting level where longer term market participants decide to stay or leave the market) and collapsed. This is a sign of weakness, even tho we formed a bullish wick. I can see the uptrend line getting busted and visiting the edge of the major classical support at $5.33. Depending on how price action goes, we may see max consolidation at $4. Be advised, trading below max consolidation could take this market down below $2 before it starts pushing upwards. Alternatively, if we break the descending channel, we'll want to get long!
BITFINEX:OMGUSDShort
by Trader6127
16
OMG could see 100% higher pricesRISK-ON MENTALITY: In general, the alt-coins are seeing outsized gains and performing strong. I use alt-coin performance as a gauge of risk appetite, just like I would analyze small companies in the stock market to see if investors and speculators have a risk-on or risk-off bias. When Bitcoin is performing well, but alt-coins are performing even better, then that means we are in full Bull Mode. It’s time to be aggressive and make sure to take our profits before we see a crash and/or lose opportunity cost with long multi-month consolidations with no movement. OMG BREAKING OUT: OmiseGO is breaking out of a 3 month long consolidation pattern that you could call a descending triangle. It tried to break down below that level in early November but the bulls came in and rejected any larger correction. When that happens, it’s a VERY BULLISH sign. The weak hands are shaken out and we are only left with buyers. The break out wasn’t at super hero lightning speed, but it looks healthy. We broke out of the descending trend line and retested that level before finally starting a steady march upwards. We are above all moving averages and there is clear skies until we reach the old highs at around 14$. Then, our next target is the 161.8% Fib retracement level at 19$. That’s a 100% move from today. Make sure to take your profits, reducing your size at each level, because if we move into a RISK OFF mentality, then these could fall fast. Take your profits at your targets! Stop would be under the break out level, call that 7.50 or 8. -- Please message me with your questions or thoughts.
BITTREX:OMGUSDLong
by BerlinTrader591
2
Omisego Breakout?? OMGUSDT chart is showing an ascending triangle and Also it formed a double top pattern. If the resistance at $9.87 breaks, the price will go up very fast. The pending buy order should be set at above $9.9 and the stop loss should be set at $9.2. Since there is another resistance price at $10.52, the first target should be placed there, and the second target will be $11.47. Buy order: $9.9 Stop Loss: $9.2 First Target: $10.52 Second Target: $11.47 Good Luck! This is not a financial advice, and please trade at your own risk. If you like this analysis please hit like so I can publish more analysis in the future, and if you like to support me I will greatly appreciate the donation. Bitcoin: 17g6gkFRH6AdtziZa5pLsPdbEzJpBCwnZ4 Ethereium: 0x3c0eb2314aa9f50f301550797978eb147c95aeb3 Lightcoin:LTvzJzBY3K3uzLBfr6zs2a2UfjW5KmeDSK
Short
by blee300
$OMG - getting ready for take off!Nothing dramatically changed with OMGBTC, the price is now close to my "best entry" point. This is the area where OMG is likely to take off. When? I don't know, there are no huge fundamental news coming for OMG 2018 should be a big year though for OMG, this is the year where the product will actually be released - the blockchain and the wallet, probably with staking. So this is more an investment advice, long term trading, you could start accumulating OMG at these prices. Thanks! If questions, let me know.
Long
by TheBigNova
OmiseGO - New targetsOmiseGO has been correcting and bottomed at 61.8 fib level and finding support at historical uptrend as my previous analysis have been forecasting: Reversal signals: - Daily MACD has crossed, crossing the 0 line will be a confirmation - Price has break 4hr - MA100 and keeping above. - Price is bouncing from historical uptrend and acting as huge support. At the moment we are facing resistance of daily MA50 - MA100. We could retest historical uptrend and 4hr MA100 Breaking above daily MA100 we could see these targets: 1st target: 11.40 2nd target: 18.78 (1.618 fib extension )
BITFINEX:OMGUSDLong
by IamCryptoWolf
2