OMGUSDT trade ideas
#OMG/USDT#OMG
The descending triangle was broken strongly upward with a strong daily candle on a 1-day frame
After it bounced from the main support area in green 0.6500
We also have an upward trend on the RSI indicator
We also have a higher stability moving average of 100
Entry price is 0.7600
The first goal is 0.798
The second goal is 0.845
Third goal 0.910
ScalpA great scalp position, given that we are in a strong uptrend and corrective wave analysis we can expect to return to the green zone.
OMG Long Opportunity OMG Long Opportunity.
OMG will fly.
I expecting huge breakout.
After Retest will add more position.
OMGUSDT Price Action Integrity and Rally ExpectationsThe last 165 days OMG chart showcase a well-defined uptrend. This ascent presents Higher Highs (HHs) and Higher Lows (HLs), creating a compelling pattern that signals optimism in every price action.
In a pivotal moment back in December 2023, OmiseGO shattered the barriers of a long-term descending channel, setting the stage for a remarkable turnaround. On a subsequent pullback, it wasn't just luck that guided OmiseGO—it found solid ground at the intersection of the average-price uptrend trendline and the 88.6% Fibonacci support.
Now, let's talk about a key player on the field—the $0.61 demand zone. It's not just a zone; it's the heartbeat of potential rallies for OMG. As long as the price dances above this crucial mark, expect a forthcoming rally that could leave you breathless.
And here's the exciting part: the upside potential is no small feat. We're eyeing a minimum of 50%, marking the territory where the 88.6% Fibonacci resistance awaits. Break through that resistance with confidence, and we're entering the realm where the price could soar even higher, rewriting the rules of what's possible.
OMG Tripple Bottomed day touching 200 day moving averageThis is an incredibly buillish sign. I'm seeing things all over the market preparing for a huge boom and omg is showing incredibly bullish characteristics with a tripple bottom and each time it wicked down it tapped the 200day moving average with what looks like immediate rejection also loving so much positive volume
OMG Possible Long Setup#OMG 🚀 Big Picture Price Update: January 21, 2024
Good news for OMG! It broke out of a downtrend and is now on an upward trend. In the long run, it could reach 6.27$.
Here are some positive signs from the chart:
A rising 20-day average, suggesting bulls are in control.
A bullish divergence between price and RSI, showing momentum for the bulls.
A bullish Engulfing pattern on the daily chart, indicating bullish control.
According to Elliott Wave theory, OMG might be in the early stages of a five-wave uptrend. This could mean another rise to $1.00 or even $1.50 before a wave 3 correction.
Key levels to watch:
Support: 0.8278 (breakout level).
Resistances: 0.9000, the 50-day average.
Overall, the OMG chart looks bullish. Traders, keep an eye out for buying opportunities at 0.725 or lower.
Quick thoughts:
Breaking out of the downtrend is a big deal. Bulls seem to be taking over.
Bullish indicators on the chart are promising, suggesting the uptrend may continue.
Remember, Elliott Wave theory is a tool, not a guarantee. OMG's actual movement depends on various factors.
Specific to Elliott Wave theory:
Wave 1 of the uptrend might end around $1.00. Expect a Wave 2 correction to $0.8278 or less. Wave 3 could then take OMG to $1.50 or higher.
Remember, this is just a possible scenario.
OMGUSDT Breakout of the descending channelOMG coin: The descending channel has been breached on the large frames and will begin its rise soon
OMG CUP AND HANDLE(1d)(Bullish)chart says it all!
This is a Classic Huge cup and handle on the daily timeframe. Volume aligns as it should and the pullback looks great.
OMG was a huge contender in the past so i'm very excited
Omg usdtWhat do think
1 tr: 1.9
2 tr: 5.6
3 tr : 14.8
I think that will hit all targets in coming weeks
OMG/USDTOMG/USDT Long Setup
Open:
Long 0.872
Take Profit :
1) 1
2) 1.1
3) 1.2
4) Moon!!
Stop Lose:
• 0.7908
#DYOR
* Omg * 5 step 5 easy profit. more than 400℅Look at RSI. 4400℅ to ATH . Just let see what happens to btc. After breaking 36k we will see big alt season finally.
Mock Up Price Action for OMG | Mid Term (12HR)Mock Up Price Action for OMG | Mid Term (12HR)
- Watching and waiting for opportunity to enter short
Omg Plan Omg price is trying for breakout, incase of successful breakout expecting a good bullish move, Let's see
Not financial advice DYOR
OMG Ready for an Exponential Bull Rally? 👀🚀 OMG Analysis💎 Paradisers, turn your attention to OMGUSDT, as it showcases a significant setup in the demand zone, enhanced by a recent Market Structure Shift (MSS). This formation indicates a strong likelihood for a bullish trend.
💎 Examining OMG's pattern, OmiseGO has a consistent history of surpassing its descending trendline, indicating potential upward movements. At present, it's approaching a critical Bearish Order Block (OB) challenge, with ongoing strength above the EMA100, suggesting possible supply targets at $0.89 and $1.3.
💎 Given the dynamic nature of the crypto market, it's important for OMG traders to be prepared for various scenarios. If the anticipated bullish breakout doesn’t materialize, shifting to a rebound strategy from the support level at $0.43 will become key.
💎 A decline below this support level would call for a revision of strategy, signifying the need to reevaluate the bullish perspective and adjust trading strategies to better fit the changing market landscape.
💎 Stay focused and tactically smart, Paradisers. Your ParadiseTeam is dedicated to providing you with insightful analysis and guidance, ensuring you navigate these market conditions with skill and informed decision-making.
OMG/USDTLSE:OMG will make you say OMG if it breaks out of this falling wedge, a good target would be $1.5 which is the 3D 200MA level, the falling wedge target is actually higher, but if you are looking for a potential 148% profit, this could take time but a little spot bag wont hurt, try buy between the two green lines because we are in a ascending channel pattern which can cause a breakdown in price.
LONG: new uptrend start to 0.9$If you subscribe to Elliott Wave theory, this chart indicates the presence of a terminal impulse wave, suggesting that the price could potentially rise to approximately $0.9.
SL: the head of wave 5
Please ensure to double-check whether Wave 5 within the terminal impulse has concluded or not. Best of luck with your analysis, and remember to do your own research (DYOR).
OMGUSDT.P Prediction (2H, 1D)My prediction for OMGUSDT is that the current uptrend will continue and as the price reaches the bottom line of the zone, it will face a resistance and drop down to the bottom trend line.
The zone is based on the daily chart.
This is one example of how the price might move in the 2H chart when applied FIB retracement levels.
However, price will not move so smoothly & cleanly like we wish it to be.
But I expect the overall trend to remain somewhat similar to the example.
Here is an alternative example if we adjust the zones slightly based on highs and lows.
Whatever the minor details of the trend might look like, it doesn't really matter because our fundamental strategy remains the same:
We enter at the price of 0.716, which is the price for the bottom line of the zone and exit once the price reaches the bottom trend line.
OMGUSDT"As we enter the bullish season, the initial target to aim for is
target : 10 .
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
