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Omisego

OmiseGo Pennant Chart PatternBased on the 1H chart we can draw a pennant chart pattern. It's a continuation pattern and we should expect for further upward movement. Pending orders for buy must be placed at 8.74 level. Stop orders must be below 7.80 level. Profit targets are 9.50 and 10.00 levels. If the price drops below the bottom line of the pennant, we'll see downward movement to the uptrend line and the nearest support level. If so, you should delete pending orders for buy and wait for new trading opportunity.
BITFINEX:OMGUSDLong
by DLavrov
13
$OMG Airdrop over and looks like yet another Cup N H.This pattern has repeated over and over with $OMG. Don't fight the trend. Go large here but set stops near 6.25. The structure is in place for this company to increase their market share in crypto. TA: Above cloud still on 4hr with major appearance of yet another C N H that would if confirmed breach ATH sending the Fibbie's searching for the $10 range. Beyond TA: OMG just announced their airdrop a few hours ago and I am very excited that there was no sell off. I actually liked the way the company handled this. Each ETH holder (Off-exchange wallet) received 18.4 OMG for 1 ETH. Wow! 1 ETH= about $300 USD 1 OMG=about $7 USD 18.4 OMG= $128 in free $OMG, which is about 42% additional value for each ETH wallet. Thats giving back.
BITFINEX:OMGUSD
by craig.richary
5
OmiseGo How to TradeBased on the 4H chart we can see a double top chart pattern. It belongs to a reversal group of chart patterns. We should expect for downward movement to 5.5000 level at least. This is a support level which can stop and reverse the market. Also the uptrend line is an additional support in this zone. We must be ready to open long trades based on a confirmed reversal signal. Stop orders must be placed below the local swing low. If the market drops below 5.5000 level, we'll get a confirmation of the double top pattern. The market will drop to 3.7000 support level. If the market bounces from this level, it will be a new trading opportunity.
BITFINEX:OMGUSD
by DLavrov
17
Still Bullish about OmiseGO?RSI on 3 hour chart is on its half way from an oversold area. On 6 hour chart there is only a beggining of the changed direction. This is a very high game with strong temptation to get in. We need to realize that market was pushing full speed ahead for the last few days and yesterday we started to see first signs of exhaustion . If you managed to stay out yesterday give it at least one more day till the momentum of the previous growth will disappear. If we hit the 6.00 area I would enter the market after a strong confirmation of changing the dirrection. Watch stochastic RSI closely. 3 hour chart could help together with high volume and a few decisive green canles on 5 - 10 min chart. Use your Risk - Reward management rules and tools. It is very easy to lose money in this type of conditions. Thank you for watching. Don't be shy to give me a feedback. Greatly appreaciated. Good luck and peace!
BITFINEX:OMGUSDLong
by AwesomeTrade
5