OMNIUSDT.1DAnalyzing the OMNI/USDT chart, we observe key technical elements that may indicate future price movements. Here's a deep dive into the daily trading chart's current situation:
Key Observations:
Current Price and Recent Movement:
The chart shows OMNI trading at $13.24, experiencing a significant daily drop of 12.20%.
Support and Resistance Levels:
R1 (Resistance Level 1): $18.94 - This level may pose as the first substantial barrier to upward movement.
S1 (Support Level 1): $12.50 - The immediate support, which if held, could stabilize the price and potentially allow for consolidation or a reversal.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and the zero line, which suggests a bearish trend. The histogram also reflects increasing negative momentum.
RSI (Relative Strength Index): The RSI sits at 44.91, indicating that the asset is neither overbought nor oversold, giving a neutral signal. However, its proximity to the 40-level could suggest a tilt towards bearish sentiment.
Analysis and Conclusion:
The OMNI/USDT pair has shown considerable volatility with a bearish inclination as evidenced by the recent significant price drop. The price currently testing near the $12.50 support suggests a crucial juncture. The market's reaction to this level could dictate short-term direction.
For a bullish scenario, maintaining above $12.50 is crucial. A recovery from this point could see an attempt to approach the $18.94 resistance. Conversely, failing to hold the support at $12.50 may lead to further declines, with potential new lows being explored.
Given the bearish signals from the MACD and the non-committal RSI, traders should exercise caution. Monitoring for any bullish signals from the MACD or a climb in the RSI above 50 could suggest an improving sentiment.
In conclusion, the market dynamics for OMNI/USDT suggest a critical monitoring phase near the $12.50 support. A decisive break or hold at this level will be key in determining the future trajectory. Investors should also consider external market factors and upcoming economic data which may impact the cryptocurrency markets. Always ensure to employ proper risk management strategies when trading.
Omni
Omni impulse compete? If you find this information inspiring/helpful, please consider a boost and follow!
With the nice-looking impulse.
First!
Watching for the clues, it has completed.
It could be rolling still, a break of the inducement area would be a nice clue it has completed. Then would be watching the retrace to the GZ.
OMNI directional interest. Elliott Wave If you find this information inspiring/helpful, please consider a boost and follow!
Looking for these paths to play out for clarity to play off of.
Possible Elliott wave triangle here.
A break down and reclaim is a nice conservative move I am looking to play.
A break up impulsively, I would be watching for a retrace to play high.
The target for the triangle may vary. So agian, waiting for the price action to print down and signs of reversal.
The forgotten crypto dinosaur with huge upside OMNIThis serves as a supplement to my analysis, OMNI-the-forgotten-coin-with-huge-upside
Since it’s inception in the form of Mastercoin in 2013, the Omni Layer protocol became the most successful meta-protocol on top of Bitcoin.
In total, digital assets with a market capitalization of more than $ 3 billion are represented on the layer. At the time of writing USDT tether, an OMNI layer asset has a daily trade volume that tops 20$Billion USD.
Although there is also an ERC20 version of Tether running on the Ethereum blockchain OMNI has and is the key party responsible for USDT issue. In fact last year the Omni foundation and Charlie Lee announced that Tether would soon be issued on the Omni layer of Litecoin.
Now look at these figures:
-Market cap of only $1 million, peanuts
-Total supply of ~500,000, scarce
-Ranked 789 in terms of market capitalization on Coinmarketcap
What a bargain? Well, not really. OMNI only acts as a "Bitcoin Wallet", a layer built on top of the BTC blockchain. Most would then argue that it fulfils an important purpose but doesn't itself have any value. It is a good point but this is crypto and value could just be what investors/traders think they will gain from buying an asset and selling it later.
The investment then becomes simple: OMNI is now trading on Bitfinix. It is important for the crypto market which is reliant on USDT. It's extremely scarce. All we need is a small amount of trade volume generated from some traders who see green (dollars) and we could have a dramatic price rise. At the current price ~$2 just 1 millionUSD is required for 100% gain.
A multibillion $ diamondA multi-billion dollar asset platform is currently valueated at 9 mils. Rare, with limited supply, hardly shorted like its big daddy BTC, bottomed is awaiting for the right time to explode.
$OMNI Fractal'sWelcome Back Apostles!
How about some more fractals??
Omni has been a coin on my radar recently, as it seems to be playing out a fractal damn near the exact same as the one formed almost a year ago!
Below, I have highlighted some points of interest in helping me determine where this market is headed.
Taking a look at the first fractal we can see the strong resemblance of the current fractal we are still working through.
Omni generates rather large hype cycles, which I see continuing through the summer.
Thank you for tuning into this weeks Fractal Analysis!
God Bless, JolleyCrypto
OMNI/BTC 67% profit potential.Who knows, sleeping giant rocket?Hello my dear watchers.
I would like to introduce You coin that could be traded on Poloniex and Bittrex. I see there is very small daily volume, low marketcap but recent spikes shows great pump potential. OMNI is known from ability to make one-time sharp spikes, so proper money management could open to You great accumulation opportunity.
So my advice is to start buying some right now and wait for bargain while retesting white support line. Of course partial profit should be taken at falling wedge profit zone. I choose OMNI because of very deep sky above its head. Fibonacci floors show potential retracement levels in case of monster buy-in. Those far targets are calculated from the biggest form made in the past.
Any fundamentals?
I've got one
OMNI is a very old coin.Nowadays, investors look for convenient buisness, where old solutions could be renovated and developed. This is what I expect here. That this coin will be well-groomed in the future atleast because of its working period.
Good luck! Leave feedback! Thanks!
entry target 00333 - exit 2X @ 00666on the conservative side of the implied bullish targets
1. Tether FUD is the major inhibitor
OMNI/BTC POTENTIAL PROFIT 430% LONG-TERM INVESTMENTOMNI/BTC POTENTIAL PROFIT 430% LONG-TERM INVESTMENT
BUY 0039000-0055000
WITH THE PURCHASE, YOU MAY STAY UP TO RETRIEVE THE SPEECH TRANSPORT THAT MAY ALREADY LOWER THE PRICE TO CHANGE THE TREND POINFORM.
STOP-LOSS 0030000
OBJECTIVES
1. 007750
2. 009199
3. 013017
4. 017000
5. 021571
6. 025010
DESIGN
Omni is an asset and currency creation platform re branded from MasterCoin. Based on bitcoin, OMNI provides all the same features as bitcoin and advanced Omni Layer features, such as blockchain-based crowdfunding and asset creation, management and exchange.
GRAPH OF THE NEXT DAYS
OMNI huge opportunityI can see this small drop and bounce on OMNI, this is a huge opportunity I wouldnt like to loose. Strong support in a great project, just 600k coins available.
OMNI the forgotten coin with huge upsideSince it’s inception in form of Mastercoin in 2013, the Omni Layer protocol became the most successful meta-protocol on top of Bitcoin
In total, digital assets with a market capitalization of more than $ 1.2 billion are represented on the layer.
Now look at these figures:
-Market of of only $20mil
-Total supply of less than 1 million coins (600000)
-Ranked 338 in terms of market capitalization
The company sees 2018 as a new era and their are a number of exciting developments in the pipeline. When this become evident capital inflow will cause the value to grow exponentially.
Just be patient and wait.