OMGBTC trade ideas
Omisego: Time to BuyIt seems like everyone has been waiting for this guy to start moving. Omisego finally reached buy entry. I highly believe this will be a winner. It is currently resting on a support level that is strong in the past. It also formed one of my most favorite harmonic pattern, right on support level. We should start seeing this beauty move these upcoming days. What are your thoughts?
Trade with care.
Video Analysis: youtu.be
OMG/BTC Critical PointFrom the 1 Day OMG/BTC chart on Bittrex we can see a clear falling wedge finishing off what would appear to be the right shoulder of the inverse sort (bullish). Where the falling wedge meets support is an area of critical support .00214-.00215. OMG is oversold on the 1Day chart according to the Stoch Rsi and appears to be making a move to neutral. Should test of this support fail, we see a regression towards the main trend line. Although this is the main trend line, we do not see solid support here and it will have to be developed, potentially indicative of a period of sideways movement until more support/news comes our way. Happy trading and please let me know your thoughts.
Ross
Falling Wedge - Dark Green
Main support - Salmon Dotted Line
Trend lines - Blue
OmiseGO correcting, then ready for the next run!OMG has proven to be an AAA cryptocurrency since the very beginning. Strong fundamentals, real use-case, great team behind it.
The price couldn't do anything but keep growing.
Now for the first time, we're witnessing a correction.
Corrections on AAA coins are great buy opportunities, the old wise man said. So, I'm ready to jump on OMG if it bounces the dynamic support in the 170-180k sats zone with an oversold RSI, with 3 targets in my mind:
Bronze: 210k sats
Silver: 255k sats
Gold: 290k sats
Don't tell anyone, but if BTC scenario gets less confusing (= it consolidates or starts another slow rise), I'll go for the gold!!
Happy trading everyone!
OMG Bearish then LongEverybody knows what OMG is and what it can become, but here we have something very promising a little retrace is coming into the end of the falling wedge and then we are going to go bonkers on this one. Should coincide with the end of the bear retracement going on with btc at the moment. Jump in at the bottom of the arrow because stoch rsi is still going to dip and it will be an incredible buy opportunity.
OMG: Support Bounce (Hopefully)OMG is at a point where it has a couple supports relatively close to one another. If this proves to be enough then we could begin a correction out of this hole we're in right now. However, it's possible that the price falls through the supports and we see prices drop to the previous low. Fingers crossed the bulls show up before that.