OMGUSD trade ideas
OMGUSD Technical AnalysisFrom the last bar we can see that it is trying to break through the resistance level.
Vitalik Buterin Tried to stir up the pot by tweeting that OMG was his favorite trading currency, this caused a little pump as we can see in the last bar.
He is trying to break the resistance, however it might not happen.
At the moment OMG is caught up in diagonal resistance, followed by a resistance level and a wedge!
I don't see the breakout potential at the moment, but possibly later on in the wedge.
However i have made all the possibilities that could happen in my opinion.
I don't suggest going into the trade at the moment, seeing as it is consolidating and we don't know for sure it is going to rally and break through resistance.
The leverage on this crypto is 1:1, which you usually try to look for 2:1.
Here is my source: twitter.com
Long OMG/USD RSI Turning, Fibonnaci, New Wallet Q1 2018OMG has very solid fundamentals and is about to release its biggest news in Q1 (wallet release). It is adhereing to traditional TA and has a high enough market cap not to be easily manipulated.
It is currently in an upward channel that has held multiple times. ETH/BTC which is a strong indicator of alt future performance has bottomed out. RSI turning positive on the daily chart. All these are strong indicators of bullish momentum.
Take profit on strong resistance (TP1) followed by Fibonnaci TP points which worked well in the past.
Good Luck!
Buy opportunity BCH/USDWe have found a strong support zone mixed with a triangle shape that could break in the next hours. We also see a MADCD divergence, the price doesn't overcome the last low but instead the MADCD shows a higher low.
Good luck!
Buy opportunity BCH/USDWe have found a strong support zone mixed with a triangle shape that could break in the next hours. We also see a MADCD divergence, the price doesn't overcome the last low but instead the MADCD shows a higher low.
Buy opportunity OMG/USDWe have found a strong support zone mixed with a triangle shape that could break in the next hours. We also see a MADCD divergence, the price doesn't overcome the last low but instead the MADCD shows a higher low.
OMG look at these support and resistance targets!If you believe in alt cryptos and TA then time to load up whilst all eyes on btc finishing its bull?
OMISEGO - 30%+ Profit Potential. OmiseGo signaling a potential uptrend which should approximately be 20-40% if we bounced back from the support that we are currently at. MACD also indicates an upcoming uptrend.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
OMG Can the bullish momentum keep going?I've been feeling pretty good about OMG but there is also the possiblity that if the lower uptrend line is broken then we could go down to the bottom of the descending channel.
A large correction in BTC could be catalyst for such a move.
The recent bearish move has just had a .618 retracement and we could go up or down just as easily from here.
I suspect we will either see the formation of a nice cup and handle which will be great.
Or we will continue down into the $3-5 range.
I dropped off most of my OMG for ETH for the short term. I'm not really interested in holding a lot of them until OMG starts making bullish price movement on the ETHOMG chart.
H&S (its possible short to $4.40)TF is 4H, ENOUGH a strong figure.
critical points:
8.00
7.50 ( this is first breakdown of the lowest support line- 2.75 median) very very very strong signal
OMG Trading Plan -> The Only One Missing The PartyOMG Coin has great potential. I believe this is one of the coins we will regret we never considered. Its the only coin that has not breached its top. It seems to me as though it has been reacting quite good to the market swings, Although it did not over-react and jump the gun running up. It may be a slow movers but the upside potential is there.
I think OMG coin has potential to show us a nice move up in the next few months.
Target $20-$24 on OMG coin
This is a risky trade and should not be traded with large quantities. Please be sure to understand your risk reward ration before going into a trade such as OMG. Also OMG coin should be traded with the understanding that it may go back down to $6 or even less. In that case you will have to hold it for the "long run"
Good luck traders.
Trade should have been open at the break of $8
OMG - Good time to add or further correction?OMG already at .618 fibs, will it dip further or good time to add?
Omisego Daytrading Buy OpportunityFalling wedge
Break resistance trend line will give us a buy opportunity
$OMG #OMG channel still running!I picked up some more here. Great swing trade!! #OmiseGo #btc #bch #eth #ETP #ADA
OMG hit bottom and is on the way up..... climb on boardOMG headed up....next stop $9.00 ... we hope :)
OMGUSD - Short Term Reversal PossiblePretty simple analysis with clear channels forming in several short term patterns.
Purple (LONG) - Signifies steady long growth
--Breaks out officially on 11/27/17.
Green (MID) - Signifies an increased growth rate compared to the long trend rate
--Breaks out officially on 12/4/17.
--Recedes back into Green channel on the next day, 12/5/17.
Yellow (SHORT) - Signifies an even further increase in growth rate compared to long and mid term rates
--Break out (potential) between 4-10 days IFF one of the following conditions are met:
1) Green channel lower limit is not broken by any decline
2) Yellow channel upper limit is tested above its current threshold
3) Steady positive growth follows the decline today (12/6/17), and the Purple channel upper limit remains a general price line.
I don't follow OMG too much, but their Fiat value is impressive.
I have a stake at ~$8.50 USD/OMG, but I try not to be biased/emotional in my decision-making.
As always, be responsible with your Altcoin trading as it is a degree--or several degrees--above BTC HODLing and other base currency HODLing.
Cheers All,
-Jordan
P.S. My bet is that OMG will hover in the Green channel for some time longer (until we flirt with the $15 USD mark).
