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Omisego

OMG/USD - Prediction Before BTC ForkThe price is stable within a horizontal channel . Hardly the price will leave the channel before the Fork, with that we can open a purchase order at 7.8 following our bearish trend line . If the price exceeds 50% of the channel in 7.9, the next target will be the resistance in 8.2 , where we will place the sales order. There is also a low probability that the price will break the bullish trend line and reach support . But probably up to the price the Fork will reach our target. And in the worst case, leave an order with double the primary order at 7.16 , which is the long-term support .
BITFINEX:OMGUSDLong
by BermanInvestimentos
OMGBTC: close to a bottom?OmiseGo may be close to a bottom. We have already retraced to the .618 of the first impulse. On the lower timeframe a triangle seems to be forming, which is an indication that the next drop may be the final drop. The market seems to really want to hit the 1.618 extension of the A wave. Triangles most commonly form in the wave 4 position, prior to the final drop in the wave 5. Sadly, there is no way to know that wave 5 is the final drop in the C wave. In any case I am long-term bullish on OmiseGo as it exhibited a very clear impulsive structure since its ICO. Therefore I see this correction as an opportunity to accumulate more OmiseGo.
by Al3x_2020
1
Bullish Flag or Falling Wedge?: Catching Structural Wave 3OmiseGO looks to be forming two bullish structures on the 4HR data, although a possible completion of the crown reversal is still possible. We seem to be in a downtrend channel, so buying is countercyclical until we see a puncture of the descending channel. Breaching the bottom of the flag could create the conditions necessary for a falling wedge reversal, with similar TP levels. Breaking the newly created trendline could be an early warning signal for further downward pressure. The bullish flag sets us with a MIN TP of $14.40, MID TP of $18.14, and a MAX TP of $20.58 The crown reversal could push price as low as $4.59. Key levels to watch to the downside: - Trading range support at $6.93 - A breach of the flag to the downside could unlock the falling wedge pattern, with institutional buying or selling at $6.49 (fundamentals and market conditions support buying at the moment). - Major key fibo support at $5.43 Key levels to watch to the upside: - Key fibo resistance at $9.26 - Fibo resistance sell zone between $10.96 to $12.16 - All-time high at $13.70 This is literally a minefield so trade with care and take you time…GLWT. As always, I'll be updating this thread and posting trades. -Erik
BITFINEX:OMGUSDLong
by Trader6127
9
OmiseGO(OMG) Forming Bullish Triangle PatternOmiseGO made five waves up into wave A between July 2017 and September 2017, which is a signal for bulls. Since last month is moving sideways, which is a signal for a correction. We can clearly see that OmiseGO is forming a big triangle pattern into wave B, which tells us that OmiseGO could continue higher. In a lower degree we see that OmiseGO is pointing into wave D to arround 10.0 and 61,8% Fibonacci retracement, so from there be aware of another decline to arround 7.0 - 8.0, where see a support for wave E and where triangle should be completed.
BITFINEX:OMGUSD
by ew-forecast
8