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OMGUSD trade ideas

OMG - June Forecast - Strong Buy Hi Traders, I have taken a fib from the new swing high to low, and targeting the first 23.6 level coming in around the $6.00 mark. This is also a key structure resistance level, which was the old base from the 2017 rally. To add to bullish picture - the 200 week moving average has just started to take form, which is also sitting pretty at $6.25. Lastly, the weekly RSI looking primed to break out above the KEY 50% bear control mark, targeting overbought. I think an entry below $2.50 will be pretty good, but you must be willing to risk at least 20% downside. Take Profit ~~ $6.00. Expected trade duration: 6-8 weeks. Risk it for the biscuit baby, GL hit thumbs up
OLong
by Lorenz_Capital
OmiseGO: 6 Hour Timeframe Chart PatternsConclusion for today's OmiseGO price prediction: A close above ~2.51 favors a bullish bias. The 6 hour timeframe of OmiseGo (OMGUSD) is presented with primary focus on the current bullish price channel (tentative). Bullish trendline in OmiseGo since February 06, 2019 has seen successfully provided support with price and also aided in construction of the channel. The bullish swing in price up to a price peak of 2.5353 has been followed by meandering price action for more than 4 weeks. Also indicated is the current region of immediate support and resistance for Omisego. A break below 1.5608 implies an increase in bearish strength. A break above 2.51 on the other hand favors more upside and continuation of current trade. Price closing above the upper boundary of channel providing additional evidence for a bullish bias.
OLong
by Coin_Analyst
OmiseGo Price Analysis OMG / USD: Go, But Where?OmiseGo / USD Short-term price analysis OmiseGo has a bullish short-term bias, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that a complex head and shoulders pattern is building, with the bearish pattern warning of a much stronger downside move to come. Technical indicators on the four-hour time frame have turned bullish and continue to issue a buy signal. Pattern Watch Traders should note that the downside projection of the bearish head and shoulders pattern would take the OMG / USD pair toward the April 2019 trading low. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it is approaching overbought conditions. MACD Indicator The MACD indicator on the four-hour time frame has turned bullish and continues to issue a buy signal. OmiseGo / USD Medium-term price analysis OmiseGo has a bullish medium-term trading outlook, with the cryptocurrency holding price well above its 200-day moving average. The daily time frame is showing that a bullish ascending triangle pattern has formed, with the OMG / USD pair performing a strong technical bounce from key trendline support. Technical indicators across the daily time frame are attempting to turn bullish. OMG / USD Daily Chart by TradingView Pattern Watch Traders should note that a bullish breakout from the ascending triangle pattern on the daily time frame would take the OMG / USD pair towards the November 15th trading high. Relative Strength Index The RSI indicator has turned bullish on the daily time frame and is starting to generate a buy signal. MACD Indicator The MACD indicator is attempting to turn bullish on the daily time frame as medium-term buying pressures build. Conclusion OmiseGo is attempting to recover bullish momentum across both time frames after eroding its hard-fought early month trading gains. The four-hour and daily time frames are currently showing contrasting patterns, which further underscores the indecisiveness towards the cryptocurrency, following the strong early month sell-off.
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by CryptoBriefingTA