OMGUSD trade ideas
Pump, Accumulate, Pump- 2021 Roadmap Could a fib trend extension taken from July 2017 to September 2017 have had the answers to the future the entire time? A fractal of a December 2021/January 2022 blow off top like the last bull market in 2017, but this time I am applying the repetitive pump and accumulate pattern that seems to keep playing out in between key Fib Levels. Let me know what you are thinking is going to happen.
$OMG - can it push higher ?$OMG has bounced gracefully on the support at $7, if it can reclaim support around $8.5, then we cas see an uptrend continuation toward previous highs of $11.
We can expect $17 as a short - mid term target (if uptrend continuation is confirmed).
Long term target should be around $24-28 as the previous ATH back in 2018.
OMG Network has a lot of fundamental going lately and a limited supply, if the project delivers as expected it can be a very long term play to HODL ($40+)
OMG Price Gears Up for 20% UpmoveOMG price traded at $10.30 with a gain of 6.80% in the last 24-hour and 40.87% up in the weekly time-frame. Furthermore, OMG bounced back from the support of $9.10. In contrast, the market capitalization stands at $1.44 billion. Technically, investors can perceive a positive crossover in EMA, and the price is above the 8-EMA. RSI index showcases a flat slope. Moreover, the price movement can exceed the resistance of $10.95 in future trading sessions.
Resistance: $10.95
Support: $9.10
OMGUSD / for a good relationshipOMGUSD / for a good relationship
OMGUSD break up of descending triangle pattern.
ab=cd projection and fibonacci level at 11.30
general informations:
-omisego is an interoperable decentralized exchange and payment platform that allows value transfers across blockchain networks and provides fiat-to-crypto and crypto-to-crypto investment gateways
-“omise'' means store in japanese
OMGUSD - Flags Upon Flags Within A ChannelOMGUSD is constrained within a channel and has created multiple flags leading to breakouts. We can see that the recent flag reacted to the channel support, 786 fibonacci and area of interest. Its leading to the -0.27 fibonacci where we can maybe look to short it until the next bull flag.
Goodluck and trade safe!