OmiseGo Go GO GOO!! Breakout or Fakeout!?Possible breakout trade here on the OMGUSD markets.
Buy zone up to $20 for this one should it develop into an nice little bull run.
Feel free to discuss this trade idea with us .
OMGUSD trade ideas
OMGUSD Long IDEAHi friends! Welcome to my new chart set-up this time we did OMGUSD. What do you tink of it?
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OMG! This looks super bullish.The crypto currency revolution has just begun, and those who missed BitCoin's early days could look at this with very little risk.
OMG needs correction before new cycleJust trying to learn elliot waves and corrections. This is my prediction.
OMG Demand Zone 150%+ TradeOMG has reset its price back to $12,5
Target $38
Time Frame 30-60 DAYS
Stop Loss $9.90
Excellent Risk Reward Ratio.
"Trade what you see not what you think" Bullish Sentiment Interest in this market
Broke through massive area of resistance meaning a change in sentiment to the upside
clearly seen support in this level (Horizontal black lines)
if price does not break 15.62 we could possible break 11.23 but if we could break 15.62 we could see price move to 19$
OMGUSD Hope This doesnt play out!OMGUSD made a harsh pullback. Unfortunately im anticiapting its continuation to finish the pullback, too hard to ignore but hope this doesnt play out. In short term we can expect to see a move up to the trendline, hopefully it breaks through and confirms a triganle breakout as oppose to this analysis. Good luck.
OmiseGo - Deep breath before moon?OmiseGo can go down before it starts a nice rally.
20USD is a good entry point.
TP1: 30 USD
TP2: 42 USD
It might take some time before it reaches it full potential, so lets be patient.
OMG Elliot Wave to hit $29 in the next 8 days! 30% return!OMG appears to be moving within the two rays and the elliot impulse wave is apparent.
If bought now, in 8 days if the wave is completed, you could potentially gain a 30% return.
There is strong resistance at $29 so if we reach it, we most probably will be faced with a correction.
However if we breach the $29 price, we could see a further rise.
Target : $29
I am not a financial adviser, please trade at your own risk.
OMG - interesting chart patternLook at the chart.
Seems like OmG makes one short and abrupt rise, then goes sideways. At the end of the rectangle (which is likely to be near the trend channel) - it makes the next rise. And so on.
Each rise brings the price to the upper trend channel before consolidation starts.
Of course there is no guarantee that this phenomenon occurs another time - but it is still possible.
In this case the nex aimt would be a price at about 38$ - and OmG had to break through two!! resistance lines! (waht didn´t happen in the past - only 1 resistance has been broken).
On the other hand even one break through resistance would be a plus of 23% in gains - not too bad at all.
Stop:
When OMG leaves trend channel to the right or bottom and breaks through support at 20,6$.
indicators:
RSI: positive but weak
MACD: weak
ADX: low momentum, +DI on 20, -DI below
conclusion:
you can wait the breaking of the resistance line or you accumulate now with higher risks
Don´t forget: every human being acts on his own risk!!
OmiseGo Could Correct DownAfter finding the support at $5, OmiseGo went up to almost $30, resulting in a huge 445% growth in just over a month. Obviously, $30 psychological round number has acted as a strong resistance, which is also confirmed by the 261.8% Fibonacci retracement level.
While the $30 resistance is respected it is likely that OmiseGo will correct down towards either $20 or $17 support levels, that is 161.8% and 127.2% Fibonacci retracement levels. At the same time trend remains bullish and the resistance should be watched for a breakout where the uptrend might continue. Nevertheless, now it could prove to be risky buying OmiseGo as the resistance is holding.
OMG to dip & bounceWe're seeing a bearish divergence. Possibly a dip just below channel & bounce on the monthly EMA.
OMG Preparing Next PumpHere is my first analysis. I really enjoy doing this and I am wondering what you guys think about it. I am gladly taking any tips/ideas/comments and advice.
I feel like OmiseGO is getting ready for its next pump! If we manage to break the $25.5 level I expect a run till $30+ after which the graph will stabilize till around $27.50 (see history in chart). Yet, I feel $30 is still quite conservative since previous pumps where increasingly larger (again, see history in chart). Also, there is a nice - almost upscending - triangle appearing around the $25 level.
Thanks for your time and I am looking forward to your opinions.
Kind regards,
Daniel
OMG OportunityOMG has tested out once more the area in the 26USD. In the 1h frametime we saw a divergence in RSI to play the price that area and right now the price is falling. On the other hand in 4H we have a high trend with the sign of Konkorde been on the mountain. Probably the price want test again 23.80USD area for then come back to start to try a new ATH. We have two strategies possible if you ' re not within the market. The first is put a purchase order in 23.80 area with a SL under the 22.80 and second is wait break in the area of 26 and buy the pullback.
OMG - Another Cup FormationOMG has formed another cup formation. I published a chart on Dec. 31st showing that OMG had formed a nice cup shape. OMG went on the form a Cup and Handle formation which it broke out of on Jan. 7th.
IMO OMG will break out eventually, it could be soon or OMG may continue sideways to form a handle.
OMGUSD Price Action
Hello traders, Here I have checked the 4H chart of OMGUSD!
The price has had a correction move, after a long time peaceful,
I predicted in my previous analysis and we got the price action!
