OmiseGo what direction does you choose?After a prolonged fall, OMG reached the global support zone on which it resisted and formed a double bottom. Now we see the movement up the ascending channel, as well as the figure of the wedge. At the moment we can expect a correction to the movement to 0.786 Fibo level with the subsequent increase to the upper border of the wedge 0.618 level of Fibo. When it breaks through, the line of global resistance will also be broken, if it is not pierced, that is, the option to go down again to the level of global support.
OMGBTC trade ideas
$OMG, Damn…
Weekly
Looking at our trend timeframe we see price continuing it’s downtrend, stochastic rsi showing momentum in favor of bears with no signs of slowing down. Support found at 52000, last time we were at this price was back in December of 2017. Last time we were at this price we saw a jump from 52000 up to 200000, will OMG behave the same?
Daily
Shifting over to our pattern timeframe we see price has formed an inverse head and shoulders on our daily, stochastic rsi showing momentum in favor of bulls. A daily close above 54700 activates our trade and we should see a push up towards 70000, if rejected at this level expect our sell off to continue towards 20000
OMG longOmiseGo is a fantastic product. It is currently almost at its all-time low and I believe it is soon to explode. Here is a chart showing that the price follows a fibonacci cycle. The all time high from August this year was followed by a drop to the current low, which was followed by a 61.8% come-back. Now seems like the end of the current drop as the support level of 0.0005 is hit. As I see it, the following bull trend will hit around 0.001619 which is a 250% of the current price.
Good place to DCAI am really finding it hard to be bearish on alts.
Heres a couple of reasons why, for OMG at least.
1) Weekly support, also bullish OB from literally OMG's inception.
2) 3D support.
3) Daily support.
4) Why are selling support?
5) no really, why are you selling support.
Jokes aside. I don't really have more to add other than this is support.
I'm buying all the way down to 0.00038
We're also, what I call "bowling out", a pattern that literally happens every single time a massively crazy move happens.
You could say its accumulation :)
Also notice the coiling and simple bullish divs on the 3D RSI, being squeezed between the 9MA and 45 EMA. My other oscillators are also showing bullish signs (on larger timeframes, which would be quite significant), (maybe I'll go into detail how I use them in the future).
Targets are marked on the chart.
We are still in a bear trend, So make sure to take periodic profits. Personally I'll be taking profits at:
1) 0.00115, weekly breaker and 3D bearish OB
2) 0.0014, 3D bearish OB
3) 0.0019, Weekly resistance (thought in all honesty if we get this fair we're probably really bullish)
DYOR. This is purely from a TA point of view. If Omise shits the bed, all of the above goes right out the window.
Had a quick suss on the Dollar chart on OMG and it still may have a ways to go down.
This might not be the definite bottom, but it's definitely a good time to be dollar cost averaging.
[OMGBTC] Cup & Handle Pattern and Get profit 100% early 2019OMG is rallying wave1 following Elliott Wave and make Cup and Handle Pattern and the price prediction is 1100 Satoshi at the end of December
-- TP of Elliott Wave --
wave 1 => 600 - 650 satoshi
wave 2 => 550 - 570 satoshi (cover on bullish trend line)
wave 3 => 800 (resistance)
wave 4 => 680 satoshi
wave 5 => 1100 Satoshi (major resistance)
OMG/BTC - More room for Dips - Accumulation - BUY & SALES TARGETHI Guys!
Volume and Technical Analysis doesn't look in the Favor of a Short Time Reversal.
The MACD indicates a severe bullish momentum for the prices.
OMG is trading well below the bullish trendline suggesting the investors will have
to wait for a price recovery. OMG is currently trading at $3.22. (0.000497)
OMG - Patient is the Virtue. Accumulate Smartly and patiently. Good Luck
Disclaimer: This is my opinion and my Idea, not a financial advise.
OMGBTC: Really Can't Go WrongHi All
Hope all your trades are going well
Expect: Short-term: Short
Expect: Long-term: Can't miss in SE ASIA
This is my girlfriend #1 Coin she invest in, and she is in accumulation mode lol
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
OmiseGo Don't Get Fooled! The reason why this price analysis is called ‘don’t get fooled’ is because you could get fooled if you’re not careful.
OmiseGo on the H4
In the picture above, we can see that there was clearly a defined downtrend line spanning from September 6th to approximately September 13th (the day that just passed); so, not a major point of transgression.
Now, the price did break above, but it wasn’t as substantial as one would like it to be in order to generate a solid buy signal.
The two pictures above should make it abundantly clear why traders should already be leery on placing a long position in the coin at this point in time.
RSI for $OMG on the H4
The RSI for $OMG is looking very stagnant at this present moment in time.
Could easily tilt over and provide a lower low than the last one and really just break the phase/trend that it’s in entirely.
Flat-Top Triangle Formation
The flat-top triangle pattern formation looks fairly obvious from the H4.
However, with the way that $OMG is looking right now, its very plausible, if not likely, that the price teeters over very soon.
Sure, there is a chance of a break upward of north, but the author really feels that south is where this is headed.
Daily Looks VERY Bearish for $OMG
The daily really looks as though the price of $OMG broke through a fairly important support point, started bleeding for a little while and now the price is back to touch that support point before potentially continuing its descent downward.
Conclusion
In the absence of any solid evidence to show that there is going to be a major reversal in the price, this looks like a clear abstain in the opinion of the author.
$OMG Early RiserEverything posted here is dependent upon $BTC. A little life in $BTC has given alts room to breathe. Sideways or positive should continue to get people confident to go back into alts. Looking into $OMG per a request.
We appear to have found a local bottom after the life was sucked from OMG. Its very close to a long term support. $OMG is up 10% today and has some room to go. I wouldn't chase candles in this market, there's plenty that don't have any real gains yet and chasing green is usually a bad idea. Once it becomes a trend, that's different. Right now its just a spike. $OMG is so close to the long term support I don't see a lot of danger as long as $BTC doesn't collapse.
OMG/BTCI don't recommend anyone else open a long here. Whale has shown no sign of reversal of this market.
That said, I've liked the OMG project for a long time, outside of privatizing of the ICO.
I thought that was a pretty crap thing to do in a space that only exists because of decentralization.
Anyways, solid project, potential future, extremely oversold.
Very small position opened.
#OMG OmiseGO Looking Good on the daily#OMG OmiseGO is looking good on the daily - Assuming this Binance API reset (stolen btc // 96 #btc for 1 #sys) doesn't FUD the market).
Oscillators look good
Price action looks good
If market continues it's gradual growth, I believe #OMG will out grow the total market cap growth in the short to mid (percentage wise).
Also, $OMG is one of the prime candidates for an ERC20 listing on Coinbase.
Good luck and always use stop losses.
Cypher Pattern - OMGBTC PairI have never really traded harmonics before, however this OMG pattern looked so much like the patterns I had seen presented by youtubers etc, that I went looking for what pattern I was seeing.
I landed on the Cypher Pattern. So according to a few google searches and this site - www.fxdayjob.com
The potential upside on this trade us substantial if what I have understood is correct.
Entry from below 76k sats
Take profit 1 - 135k sats (approx 80% ROI)
Take Profit 2 / Close trade - 172k Sats (approx 130%)
No idea how effective this harmonic thing will be or if I have even understood how to chart them :) Only one way to find out. :)
Is OmiseGo ready to blow?!OmiseGo has been on my radar for some time, but how low can we go?
We have been in a downward channel tend for some time, currently sitting on a historic resistance, will we see a bounce off that at 0.000801
Quite possibly..
The next stop is 0.000453 and an ATL
OMG is a well respected token with some big news in the not so distant future, that is..
1. the COSMOS hardspoon, (new staking token for holders on cosmos DEx) (they will give a 2 week warning, I'd expect a very positive price action in this time) tokens will be removed from exchanges into wallets - demand will increase - ^price goes^
2. plasma release and staking (scaling payments on the ethereum chain) Potentially in Q3 but who knows
RSI has been oversold for 2 weeks
It seems people are forgetting about the huge potential this token holds as OMG don't shill us with their twitter and get on with their stuff.
Long term its looking like a pretty tidy buy right now, short term its hard to say where we can go
the time to buy is when there's blood in the streets? The question is how much blood will we see before this trend reverses
Let me know what you think+
OmiseGo heading to all time lows! Strong bearish trendOMG just like most alts is crashing ling hell.
One of the best cryptos on the market is going to hit all time lows again. On the chart the bearish trend is very strong.
We notice a M pattern forming which might be hitting the supports soon. A bounce should take us to previous broken base at 115000.
Shorting is possible here and for the long we recommend a Stoploss right below the second support line at 43000.
Comments welcome.