OMGUSD trade ideas
OMGUSD is about to breakOMG breakout but not strong, they all follow almost the same pattern: the inverse H&S pattern which largely influenced by BTC, but BTC it self may come to an triangle end, probably begin to down trend.
OMG: Upper Resistance Line Tested As Crypto markets tighten, many coins are setting up for what would seem an imminent breakout.
OMG has tested an upper resistance line multiple times. If resistance line is broken, I would expect an abnormal volume and price increase.
Rising Wedge BreakoutPrice has broken out of the Rising Wedge pattern & pulled back to key level, before spilling down to potenrially form a higher low. OmiseGo has broken out of the short-term downtrend channel showing interest to the upside on the larger timesframes. After reaching short term target it is also a great buy.
Omisego is back? OMG possible breaking of downtrend line. We can finally see some movement on this coin now :)
OMG decline looming....We could see a quite sideway move and then a very bearish move to the downside to a target price of around 9.5-10.
OmiseGO OMG/BTC CorrectionLooking for OMG to finish the current ABCDE retracement before going sideways and potentially reversing retracement down-trend.
OMG to potentially reach below $10 support levelOMG will potentially reach $10 support level after finding new resistance at $14.11. It could hover around $7.6 in the buy zone area around Feb. 16~18 before breaking through the yellow trendline which signals the start of its bull run and its Elliot wave 3 which is going to be stronger than the 2017 Q4 Bull cycle.
OMG | $32 incoming $$$OMG is like the most altcoins in the 4th wave ( retracement wave ), the 4th wave almost touched the top of the 1th wave that means it will bounce.
OmiseGOIN UP ! Based on the last months up ward trend I feel the peak hasn't been reached yet and will easily hit 32-34 USD before mid FEB.
Triangle breakout and pullback1) Triangle breakout and pullback
2) CCI positive and uptrend
3) MACD crossed an up
OMG - i love you - potential 200% in the mid-long termHi guys!
i love omg. seriously i do. i think this coin is great. Omisego wants to be a payment platform for mainly the asian region. It's parent company Omise, is already servicing a lot of Thailand's transactions already and has great partnerships lines up! Think long term, like 2020. Like Japan olympics 2020 :)
Buy: 13.70-17.09
Sell: 34 - 42
Fundamentals:
Oh my god can i get started.
1) Wallet release in q1
2) Staking by q2
3) Fiat gateways in the near future
4) Decentralised exchange coming up
5) PLASMA !!!!! Coming up too. Plasma is amazing and looks to rival visa and mastercards tps.
Mind you OMG is a long term coin, not a quick get rich pnd coin.
Technicals:
For now, it looks like OMG is in its consolidation phase. It has completed 3 of the 5 elliot impulse waves and we are currently in the 4th wave. Wave 2 had retraced perfectly onto the 0.618 levels, as has the 4th wave here and now we are consolidating. I used the USD chart because BTC was looking all over the place, so i came here to get better clarity.
Using fib extensions, wave 3 hit a high of around $28 which is around the 1.618 fib line, so its not wild to assume that OMG may hit the 2.618, but to be be conservative we'll take a more broader end range.
People will argue that wave 4 retraces into wave 1 territory, you're correct but only by a wick and not a body so the 4th corrective wave stands true.
I'm still new to these elliot waves and fibs. I am open to any criticism. Go ahead and grill me :)
OMG/USD - Caution advised!OMG/USD reached the first target of a AB=CD pattern at 12,55, second target at 8.30 is a bonus but it´s also a critical level.
If OMG breaks support of the bullish trendline than a potencial head&shoulders pattern will come into play with targets I´m scared to mention.
In my opinion caution is advised on this cryptocurreny!
OmiseGo (OMG/USD)- Uptrend Continues?- MA supports uptrend.
- MACD supports uptrend
- RSI bullish
- wave doesn't really meet criteria, i'll give it a pass (wave 4 retraced to wave 1 slightly)
- fib targets are green boxes
GL
OMG hold for future breakout. Build up position hereOMG is one of the top 5 coins in many peoples profile for a reason. Technically there has been a strong sell off and possible good entry points, leave some capital to avg down if OMG continues to fall.
Omisego At Key Support AgainMarket is still continuing to do poorly these past months. Thus, I could see price continue to fall above the support and finally just under one last major important. At those levels price is be at a great disccount.
