OMG - Omisego In a Cup and Handle Pattern.Hey, I am back with another Trade Idea.
This time looking at Omisego , Token that I am strongly bullish on and holding some OMG tokens.
Strong team, great project, even Vitalik is strongly believing in Omisego.
Looking at Chart.
You can see a Cup and Handle that has been formed, there is a lot of Cup and Handles lately, that is just showing how all these altcoins follow bitcoin. The bounce zone can be around 163500 sat.
Indicators .
MACD looking to fall a bit to support, but the 4 hours seems bullish.
RSI is under 66 which was Omisego Bullish zone, I am looking for a bounce at 45 RSI back to high bullish levels.
Hope I made your view on whats going on with Omisego somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Omisegobtc
OMG! - Beautiful purple cup & handle for Omisego?!I was looking at the chart of OMG and I immediately saw this beautiful purple cup with a forming handle. The trend is sideways to downward for the moment (mostly downward), so that the handle can be formed. You can also see that confirmed in the MACD (death cross on the daily) and clear overboughtness in the RSI.
This makes me to believe that we are likely looking at an almost textbook cup & handle, that shall have to retrace back up soon to the 195877 satoshi area. If that resistance area is broken, we are in for some serious upward potential.
Next targets would be around 221670 at and 247463.
BUT, we are not there yet, first expect some reddish candles to steal the show.
Let’s stay tuned, watching closely from the sidelines.
Kijun BounceGood Kijun Bounce here. With BTC on the rise the alts are cooling down and returning to their means (Kijun). I use the settings (20,60,120,30). I got this from Chaos trader and his 100 MA Kumo breakout strategy and Josh O. on Youtube. Check out their channels. They both have a lot of great stuff on Ichimoku Hyo Kinko and fractal trade setups/
OmiseGo [Parallel Channel Long]Very Bullish on OmiseGO, I love this coin and have been around for a while. It is a Subsidiary of Omise a online payment gateway service provider
in Southeast Asia.
What They Want To Provide:
They Want to create the OMG Money Gateway as a scaling solution for Ethereum focused on payments, trades. etc in both crypto and fiat. OMG is open source and public. Also a upcoming Decentralized Exchange (DEX)
will be secured by Ethereum and built to the limits by using Plasma architecture, able to interact with Bitcoin (or Like blockchains). Read more (The Official Guide, "What is OmiseGO?")
Dyor,
The Official Guide:
cdn.omise.co
White Paper:
cdn.omise.co
Roadmap:
blog.omisego.network
Daily Discussion - April 06, 2018:
www.reddit.com
Latest News:
(South Korea’s Largest Banks Go Pro-Cryptocurrency as OmiseGo Secures Deal)
www.ccn.com
Vitalik Buterin and OmiseGo Announce $1Million in Donation to Refugees
btcmanager.com
Links:
omisego.network
etherscan.io
github.com
twitter.com
blog.omisego.network
reddit.com
chat.omisego.network
www.facebook.com
Great Kijun and Kumo BounceThe green box is a great place for a bounce here. Lots of support due to Kijun and top of cloud.
OPORTUNIDAD GIGANTESCA EN OMG! Hola buen día a todos, como podemos ver omg a estado formando un triangulo ascendente y un couple and handle (taza y mango)... son 2 figuras extremadamente alcistas así que posiblemente podríamos ver una explosión de precio si se llegan a cumplir... yo recomendaría entrar en posición desde ya, ya que el sábado (4/20/2018) omg se en listara en un exchange nuevo, por lo que entrara volumen y hay muchas posibilidades que omg vaya a la luna! :p
link del exchange: ZB.COM
OMGBTC - Wait for refuelTools used:
Bollinger bands
CM Super Guppy
Chande Momentum
Far out of Bollinger bands, expecting heavy retracement back to possibly 0.5. Guppy trend shows that this would not be a good buy right now. But could that be a factor that should be ignored if this was an accumulation phase?
Scaling in orders from 0.001249 makes the most sense, perhaps higher, as the top wicks on the past three daily candles doesn't show confidence in a continuing trend. Possible FOMO stop limit order at 0.001750s if the bull flag confirms.
Momentum looks great on the daily but is bearish or indecisive on lower time frames.
Oh My Gosh OMG!!!!Just want to make a short post. I'll present here the daily chart. Price broke above kijun and cloud while also showing a possible TK cross. Extremely bullish in my opinion because OMG, I believe is one of the few cryptos to have a kumo breakout on the daily!!!
Added here is the 4 hr chart. As you can see, price is above the kumo but we already knew that from the dailies. What we're after here is the short retracement to the kijun-sen. We can see that price refuse to go down below. So for all of you guys who were late to the party... this would be a good time to buy seeing that OMG also has other good stuff in store for us in their roadmap c:
OmiseGo big volumeCoin of the day is OmiseGo.
OmiseGO is an open payment platform and decentralized exchange working on a base of Ethereum technology. The OMG network is a scaling solution for the finance sector, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure.
Token OMG is one of the highest by the market cap ER20 based project in the world and was the first Ethereum based project to exceed $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and designed by the creator of Lightning Network and Plasma, Joseph Poon.
Latest News
On April 10 announced about Dai and OMG Collaboration.
Technicals
After the last review, OMGBTC showed significant growth, broke above the Bearish Trend Line and 100-days EMA. Today noticeably large volume was traded through the coin and dragged the price above the 0.0016 level to the 0.0022 high. An overall bias of the coin looks like a strong reversal pattern and beginning of new growth cycle. Now the OMG went into correctional movement after the upward impulse, and if the price holds above the newly formed Bullish Trend Line, we could expect further upward development. A breakthrough above the 0.002 - 0.0022 will open the way to next maximum at 0.003 level.
OmiseGo will rise with EthereumCoin of the day is OmiseGo.
OmiseGO is an open payment platform and decentralized exchange issued on a base of Ethereum technology. The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure. Its token OMG is one of the highest by the market cap Ethereum project in the world and was the first Ethereum project to exceed $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and is designed by the creator of Lightning Network and Plasma, Joseph Poon. On 28.02.2018 the team opened publicly SDK and eWallet repositories.
OMGBTC peak formed at 12.09.2017 close to the 0.0033 BTC, after that the coin went into recession. Downward movement stopped at 02.12.2017 on the 0.00045 BTC mark, and the uptrend emerged. Currently, OMG is trading in the lateral correction pattern to the 02.12.2017 - 28.02.2018 uptrend, and recently showed rebound signs, which could be pointers on the end of the correction and beginning of the next growth cycle.
OMGBTC is drawing a rebound pattern from the 0.0012 level; high volumes supported the upward impulse. From the downside, 0.0012 and 0.00115 levels will serve as a support for the bullish scenario, if the price will drop below these levels - correction/downtrend scenario should be considered. From the upside, a breakthrough of the 0.0014 level and 100-days EMA will confirm the uptrend scenario.
OMG - Strong Breakout - News About Hard spoonOmiseGO OMG - Strong Breakout - News About Hard spoon - Opportunity For Good Profits
Buy at :
0.00123000 - 0.00126000
Target 1 ; 0.0013000
Target 2 ; 0.0013700
Target 3 ; 0.0015000
Target 4 ; 0.0019000
Target 5 ; 0.0020500
News from Official Twitter
twitter.com
Good Luck!
OmiseGO (OMG) Possible ScenarioOmiseGO has crossed the local (March) downtrend line as well as 0.236 fib retracement level. This may be interpreted as one of a reversal signals.
Possible scenario: OMG goes up to 0.618 fib level (Target 1), then bounce back to somewhere between 0.236 and 0.382 levels. After that it may turn back and finish the right shoulder in inverse Head & Shoulder pattern. This may give OMG the ability to make a run to the previous high at 0.00196 BTC (Target 2).
If it can break the previous high level, then the next Target 3 is at 1.618 fib level and is 0.00246 BTC.
OMGBTC1 Hour Chart
Dotted Blue line are 1 day support and dotted red line are 1 day resistance
Red line are targets/resistance and green line are support line
1 saatlik grafik
Mavi Cizgili cizgi 1 günlük destek cizgisi ve cizgili kirmizi cizgi ise günlük direnc cizgisidir
Kirmizi cizgiler hedefler/direncler ve yesil cizgiler destek
Omisego is setting up Omisego is setting up!
-falling wedge (bullish sign)
-77ma positive 231 flatline (bullish sign)
-RSI neutral
-MACD is about to do a crossover
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
OMISEGO deserves more than that (Great Buy Opportunity)Hi guys,
I am reducing the number of coins to up to 2 per week. For that, I am Working on all the alt market to make sure that I provide you great content and coins that are the most likely to go up.
The coin for today is OMG and it offers a great buy opportunity. Due to the mistakes I have made in the past, MACD and other types of moving average does not appear a great indicator for a buy signal. Considering the RSI and the trend, but also the technology behind each coin, OMG is a great buy opportunity.
For the ones that are looking for quick gains, it can offer you a 15% up to 20% short gains.
Those with a long term vision, sky is the limit.
Make your choice and make MONEY flow $$$$!
Good luck!
OMG! - Ride that upward trend channel for OmisegoA relatively straightforward piece on request of a reader/follower.
OMG has switched from one upward trend channel to another, like missing a step on a ladder but still going to the attic. You can also compare it a little bit to the typical pitchfork analysis and we are now in the lower end of that upward pitchfork.
- Given that volume is rather low , I expect this trend channel 2 to hold and hence that we will not move to the previous trend channel 1.
- Moreover, we are testing the 38,2 Fibonacci level with current price and this is also more or less the upper resistance of this channel. If we can’t break it, which is the most likely scenario, we will retrace back a little, but I don’t think it will go back more than the lower resistance line of this channel.
- We are seeing some overboughtness in the CCI, and have just made a bullish cross in the MACD. I believe the upward momentum remains intact but it should not get ahead of itself, so do expect some red candles too in this channel. And the trend is your friend, so no need to get out of your position here unless something dramatically changes.
- Now: if we look at the 2h chart, we see a death cross in the MACD, negative pull in the CCI and the candles bending as well, so we can expect downward movement right now in the very short term.
- If we look at the 4-hourly, it is still a bit in the making.
Conclusion: expect some up and downs in this trend channel, but the trend remains your friend for the moment – nothing more than that!
Resistance levels & targets are shown in the chart:
- Upper trend line of the current channel
- 38,2% Fibonacci at 195877
- 50% Fibonacci at 221670
Support:
- Lower trend line of the current channel
- The yellow line at 181405
- Red Fibonacci support
OMG/BTC POTENTIAL!! DON'T WE ALL LOVE OMG!Hello everyone!!
Here's one of my favorite coin currently on the market!! Don't get me wrong though it won't avoid BTC moves BUT it has a lot of potential. Everything on this chart looks really BULLISH to me.
OMG is/was ready to go before BTC decided to make a move. You can CLEARLY see that its working these fibs like a charm on top of that clean bull flag. IF BTC decide to not make this 5th wave it might go faster than we think and not go further down.
Remember risk vs reward is what you should be hunting for in this crazy volatile market. RISK MANAGEMENT should be your priority. DO NOT GAMBLE. Just keep an eye on it and let the chart show you the way :)
Again, this is not a guaranteed move but VERY possible. BE SMART.
Thanks for sharing if you liked :)
Pan / CryptoCerwin
Twitter : twitter.com