OMG/USDPretty textbook here. Broke downward trend and held it as support. I would expect a nice run to start here.
OMGUSD trade ideas
ETH fee expensive lose VS Who buy OMGnumber 1. omg eat volume from crypto another such as BTC, number 2. USD do give crypto down according crypto/USD not OMG, now coin another will buy OMG Plasma Network go use not no, by buy pay enter OMG do give volume add, part at USDT not yet pay buy OMG Network 100% because ?
OMG is overbought, short term correction paves the way to shortsDisclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
OMG has done a lot, aside from the significant rally since March it also broke out of a 3 year bearish channel entering price discovery. Anything can happen here however we as traders have to look for cues to assess risk and identify opportunities where to position ourselves. 9.3 was a clear short opportunity, now we are pretty much in no man's land. I do have a bearish bias though for a few simple reasons. First of all we are still very close to the 9.3 resistance so RR favors bears, then indicators show that we are in deep overbought territory while the multi year upper trendline of the bearish channel still hasn't been retested. I believe a retest, even shallow, is in the cards. We could see 1.4-1.5 in the mid term. In the meantime however we are probably either going sideways or moving slowly/quickly lower. Sideways is a risk for those looking to open high leverage shorts so to handle this we try to identify the limits of a potential channel and based on that spot entries for high leverage shorts and longs. It is worth noting that a bullish retest of the 6.72 area seems to be failing so this area remains resistance and creates an important shorting opportunity:
Entry: 6.75-6.87 SL:7 TP1: 4.74 TP2: 3.87 TP3: 2.7
OMGUSD: Good opportunity for LongAt 4H, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing downward, indicating a price correction at the 4H timeframe.
Besides, RSI is at the oversold level, which indicates the weakness of sellers, and also a divergence has formed between the price and RSI.
We recommend buying OMGUSD now with a stop loss at 5.3 and take the profit near the level of $7,5 - $8,2.
OMGUSD 15MOMG looking for a couple of fibb patterns, target is 14.6/62.8 on the fib retracements, overall looking for a drop back down towards 3 dollar range, unless it can break out of the unconfirmed pattern on the grey retracement.
Bitcoin is trying to break out, but if it breaks down that would halt any more progress omg makes.
Bitcoin 15M
Bitcoin 1H
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This is not financial advice
Time to accumulate OMG so you can say "omg" when it moonsIf the bull market prophecy comes true soon like every other post halvening rally, OMG should start a mission to the heavens later this year. Whichever direction the trend goes to around the pivot point is the macro trend untill the next pivot which could be a continuation or a reversal. I would bet the next pivot will be a massive rally upwards.
