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OMGBTC trade ideas

OMG - Potential 15-20% Profit on Breakout of Ascending Triangle!Hi, today I just had a quick look at OMG vs BTC. Here are my thoughts... As you can see we are currently trading within an ascending triangle. Given ascending triangles can be either reversal or continuation patterns, let's look at the underlying trend which happens to be an uptrend - suggesting a breakout to the upside. So what do our other indicators tell us? Aroon Up/Down is bullish. RSI and volume show no inclination that the bears are going to lower the price and break us to the downside. MACD is questionable, however when looked at with RSI and Aroon Up/Down in the back of my mind - we have momentum left before going oversold to get us to our target which is just shy of the 78.6% fib. We haven’t really tested this Fib level much before, and the last time was way back between August and October 2017; so I would expect resistance here. Also, considering our RSI and MACD momentum will be sky high and oversold by the time we get there; a retrace will be likely. How to trade this? Well as always there is a chance we will break to the downside. I have set a buy zone in green which should be used on a confirmed break out. Now to be clear - a confirmed break out doesn’t just mean we get into the target buy area; it means we close on the daily within it and have a large increase in volume when we do. If this occurs then this trade should be on for a nice 15-20% profit depending on where you get in and when you exit (just make sure you exit at or before the target!). Cheers
Long
by Corrupt_Economy
1
OMISE GO: BULL RUN LESS THAN 24 HOURS = 32.06% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 26th of April 2018. Using this buy in point and selling at today's price, you would have expected to net 32.06% PROFIT!!! IN LESS THAN 24 HOURS!!! The increase in price may also be explained by positive developments including: 5th April: Omise and OmiseGO sign a Memorandum of Understanding with ShinhanCard (a subsidiary of Shinhan Financial Group, a major player in South Korea’s banking and payments arena). This aims to identify opportunities to leverage OmiseGo's payment technology and solutions, and OmiseGO’s server and mobile SDKs 26th April: The OmiseGo cryptocurrency lists on the Bithumb (one of Korea's largest exchanges by volume). It is also noted that Upbit another large exchange in Korea made up 35.97% of trading volume with all other exchanges including Binance experiencing a spike in volume. Excess demand from Korea resulting in buying volume explains the huge surge in prices.
by CryptoTradeSignals
OMGBTC: HORIZONTAL CHANNELHello traders! Omisego is in a horizontal channel, this is a neutral sign in general. If the price breaks through the top or bottom of the channel, the horizontal channel will end until a new channel is established. I am bullish because kumo cloud is acting as support and it's holding pretty good, I also have myself covered with a stoploss in case we break the bottom of the channel. Break the channel through the top (196920 sats) would make me extremely bullish. - THIS IS NOT FINANCIAL ADVICE -
Long
by Arnnn
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!
by TiborVrbovsky
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.
by A_Cryptastic_Mind
3