OMISEGO near important breakoutPrice of OMGUSD broke triangle structure, now faced resistance at 4.42 - important level which will be hard to break. if we going above that level there will be opportunity to reach higher levels.
Omisego
Resistance levels between THIS breakout & measured target*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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✳️OmiseGO/USDT (1/11) #OMG $OMG #OMGUSDTOMG had a bounce at the 2.75-3$ support zone, which is a good opportunity to buy OMG because it can rally to the 4$ and even 5.5$ zones this November. But if the 1D candle closes below the 2.75-3$ zone, the OMG will easily lose 50% of its value in a few days.
📈BUY- LONG Strategy
- Buy close to 2.75-3$. Stoploss if B
📉SELL-SHORT Strategy
- Sell: 4-4.25$. Stoploss if A
- Sell: 5.25-5.5$. Stoploss if A
♻️BACK-UP Plan
- Sell close to 2.75-3$. Stoploss if A
- Buy: 1.5-1.75$. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
OMG Network (OMG) - October 24Hello?
Dear traders, nice to meet you.
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It rose with support at the uptrend line (3).
We have to see if we can ascend above the 3.6802 point.
A break above the uptrend line (4) is expected to touch the 5.0400 point.
If it falls from the uptrend line (3), it is likely to fall below the 2.75 point, so it is a short-term Stop Loss.
I think the 2.75 point or less is the bottom segment, that is, the mid- to long-term investment area.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Omisego Sell a Break setup.OmiseGO - Intraday - We look to Sell a break of 2.749 (stop at 2.837)
Daily signals are mildly bearish.
We look for losses to be extended today.
A break of 2.750 is needed to confirm follow through negative momentum.
Short term MACD has turned negative.
We can see no technical reason for a change of trend.
Our outlook is bearish.
Our profit targets will be 2.532 and 2.478
Resistance: 2.850 / 3.000 / 3.200
Support: 2.800 / 2.750 / 2.500
Possible scenarios for THIS reversal pattern to play out*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*Thank you to those who donated, I very much appreciate it.
OMG/USDT - Return to the pump zone.Return to the accumulation zone.
Change the scenario if a breakthrough of the inclined trend line occurs.
Entry into a deal after a break down of the level $2.65
Target $1.30 - $1.90 (accamulation zone)
Thank you very much and thank you to the responsive commentators for their understanding.
I spend my personal time tracking the market situation and share my opinion openly with you.
Push like and write your comments. We will catch the best trades together!
OMG - its probably in vol contraction mode now.OMG - its probably in vol contraction mode now. but just in case. LONG AND STRONG.
Watch THIS support level for an early warning*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
OMG Network (OMG) - October 11Hello?
Hello, traders.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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If it falls below the downtrend line (5) or the uptrend line (3), it is a short-term Stop Loss.
We must see if we can ascend above the 3.6802 point.
It is possible to touch the 1.1550-2.75 section as a movement to create a new wave, so I think careful trading is necessary.
It remains to be seen if it can rise above the uptrend line (4) and boost expectations for an uptrend.
We believe that the point where we can expect further gains from the trend turnaround is at 5.7047.
Therefore, according to the flow of the chart, I think it is necessary to respond to some degree in the short term with split trading.
(1W chart)
Below the 1.1550 point, I think it is a long-term investment area as the bottom section.
The 1.1550-2.7500 section is a buffer section and a large'U' pattern is completed.
So, at 2.75, I think you must get support and climb to create a new wave.
Due to the nature of the coin market, there can be a lot of decline, so I think you should watch the buffer zone 1.1550-2.75.
As it broke through the 2.75 point, touched the 9.5 point and fell. I think I made a handle with a large'U' pattern.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
USD11 by Dec 2020; USD50 by 2022+Prediction for OMGUSD
This is in line when most exchanges starts using OMG as a L2 to help ease out ETH congestion, which Bitfinex has already done so, successfully!
All other ERC-20 tokens will also take advantage of it already. This makes OMG an essential Layer for ALTS Crypto market growth.
OMG has already started its bullish formation, and will trend upwards in weeks, months and years to come! this is only the beginning people.
Omisego - Short Term Sell Stop.OmiseGO - Short Term - We look to Sell a break of 3.488 (stop at 3.652)
Posted a bearish Flag formation.
A break of 3.500 is needed to confirm the outlook.
A break of yesterdays low would confirm bearish momentum.
The bias is to break to the downside. We look to sell rallies.
Expect trading to remain mixed and volatile.
Our profit targets will be 3.028 and 2.961
Resistance: 3.650 / 3.820 / 4.000
Support: 3.500 / 3.250 / 3.000
Signal Centre
OMGUSD Wave 1 of Third Wave Primary Count + Invalidation LevelBINANCE:OMGUSD
I am considering the March-August Rally as completion of Primary Wave 1, followed by a 74.71% Retracement ABC Correction to $2.4852 precisely, reaching just shy of the 78.6% Fibonacci Level.
Considering OMG Rallied from $0.2972 up to $9.86, we have experienced a healthy correction. If in fact you only measure the retracement from March low to only using the real body close of rally with H4 chart($7.52) then we can measure a 67% retracement. However, I favor the wicking-off of the measurement(74.71%). In any case, a healthy correction...moving on;
I feel that Wave Three has begun, and we are putting in the sub-division 4th-of-the-1st for Primary Wave 3, it is imperative that we do not retrace to the 61.8% Fibonacci Level.
If OMG reaches the 61.8% Fib. Level($3.2317) it will then overlap the 1st Wave Sub-Division($3.28), and technically invalidate the Wave Count by just a marginal amount, but for purists, this is set in stone! At that point, we should consider the count arbitrary, and not purist by a fraction of $.05cents. Very Technical Argument!
Also, the 50% Fib lines up neatly with the local trendline offering a confluence of local support! Perhaps the 61.8% is slightly front-run, to complete the local correction before resuming the upward momentum?
I will continue to update OMG as it plays out!
Previously, I had published an OMG chart that was flagged for removal, as it violated terms and conditions. I was ignorant of my promoting an off-site platform. In that publication I had noted that should OMG be in the count I think we are in, and with a Primary Wave Extension, I measure a standard 3 Wave Extension of 161.8%, using coordinates of March Low/August Swing High/September Pivot Low...
The 161.8% Extension Target for Primary Wave 3 is..........wait for it;
$17.90
Sorry if the linked idea is unavailable!
Omisego - the coffee time coming and we will drink all at 4.30+Expecting that omisego will breakout above 4 usd.
have nice coffee time.
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OMGBTC is moving up after completion of bullish reversal moveHey friends hope you are well and welcome the new update on OMG token.
The price action has broken out the down channel. The volume profile was already showing low interest of traders in channel. The POC of volume profile is at 0.00055 btc. Sofar the volume indicators is showing buying volume with continuity.
During dump, the priceline broke down 25 and 50 SMAs and now getting bounced from 100 SMA. The next resistance is at 0.00056 btc. This resistance is almost at the same level where we have the POC of volume profile.
The price action has formed a Gartley move on daily chart. This move I have already shown in my previous article as well. Now priceline is moving up.
The targets as per bullish Gartley can be as below:
Sell between: 0.00074126 to 0.00124667 btc
On long term 2 weeks chart the priceline has also formed a bullish Shark on monthly chart.
The targets as per bullish Shark can be as below:
Sell between: 0.001079 to 0.001977
Conclusion:
Even though the priceline is turning bullish from the PRZ level of the bullish Gartley on the daily chart. However, we should use the potential reversal zone of this pattern as stop loss. Because if the priceline will break down the this level then price action can move more down to complete bullish Butterfly move.
2 Buy opportunity in OMGBTC , Mid-Term & Short-Term Mid-Term Forecast:
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.0004110
TP2= @ 0.0004990
TP3= @ 0.0006830
TP4= @ 0.0008870
TP5= @ 0.0011380
TP6= @ 0.0013875
TP7= @ 0.0017400
TP8= @ 0.0023195
SL= Break below 0.000243
-----------------------------------------------------------------------------------------------------------
Short-Term Forecast:
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.0004110
TP2= @ 0.0004450
TP3= @ 0.0004950
TP4= @ 0.0005630
TP5= @ 0.0006830
SL= Break below 0.000243
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2 Buy opportunity in OMGBTC , Mid-Term & Short-Term Mid-Term Forecast:
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.0004110
TP2= @ 0.0004990
TP3= @ 0.0006830
TP4= @ 0.0008870
TP5= @ 0.0011380
TP6= @ 0.0013875
TP7= @ 0.0017400
TP8= @ 0.0023195
SL= Break below 0.000243
-----------------------------------------------------------------------------------------------------------
Short-Term Forecast:
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.0004110
TP2= @ 0.0004450
TP3= @ 0.0004950
TP4= @ 0.0005630
TP5= @ 0.0006830
SL= Break below 0.000243
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
OMG. 12h. We don't believe in OMG above $5. Our target is $1.8.While $BTC price was growing hard , OMG used a chance and made a minimal correction after such a strong 4X fall.
The final boundary of the correction can be one of three levels:
4.25 - a false breakout so far
4.65 - almost reached him
4.95 - we don't believe in growth above this level.
Those who entered the long near $3 - it's time to place orders and take profit.
Those who bought on highs, it's time to think about fixing the loss. It is not a fact whether it will be allowed to do above $5 in the next few months.
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