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Omesigo

OMG bounce with bullish divergence?OMG looks to be approaching a good opportunity for a bounce off of a previous trend line right around the long term 61.8% Fibonacci retracement area. This looks like it might be confirmed by hidden bullish divergence on both RSI and MACD for a continuation of the bullish trend. I recently published as well how there was a double bottom for OMGBTC that looks to still be possible for a breakout with strong potential resistance afterward. If indeed there is a bounce and potential breakout, it could be some fairly positive news for OMG over the next few weeks. However, if the support fails for that trend line, particularly if BTCUSD drastically drops, then OMGUSD could likely follow with a rather precipitous drop as well. However, there are still lots of bearish thoughts going around right now for BTC, so please like if you agree or comment or see anything differently, as I would love to hear any counterthoughts as well.
OLong
by crypto_trends
5
OMGBTC double-bottom, wedge challenge?OMGBTC recently had a near breakout from a double bottom w-pattern a few days ago (blue dotted lines). It has since started to retrace (as is common with a double-bottom breakout), however, if it does in fact continue to break upward again, there is some interesting resistance right around the corner. Since 2018, a descending falling wedge has been forming for OMGBTC that has forms a vertex right around the beginning of 2022. Hence there is a possibility for a rise up out from a double bottom breakout to reach up to this wedge in the short term. From there either another push back downward or a breakout can be expected, but it should be interesting which occurs with how soon is the date for the apex of the wedge. It looks like OMGBTC might be a few weeks away from this point, but the direction change to challenge this wedge looks like it may occur in the next few days (if the trend does in fact head upward, as BTC Dominance has recently shown that BTC could also take over in this relationship soon, see my other post for details). Either way it looks to be another point to keep an eye on.
OLong
by crypto_trends
OMG Triangle! Bullish Or Bearish?!!We see Omesigo trading in a ascending triangle after coinbase pro listing. If we break above the triangle i can see a move to the 2.50 resistance. If we break below then $1.50 range incoming. Lets watch closely! be with you. Hit the thumbs up button if you like my analysis plz & thank you. Comment $2.5 or $1.5!! I'd like to see what the community thinks. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins Always Bless Up
O
by rnaofs
1
OMGBTC UPDATEOMG rejected the previous double bottom at the weekly support around 114585. Now has dropped with btc to a 4 hr support and formed another double bottom on the 4 hr time frame. a nice bounce off support has now happened although there is a weekly trend line just above which may act as resistance. I will be waiting for it to make a move either up or down from here. If the trend line is respected and it heads back down I will be looking for this support to hold again and an entry off it with a bullish engulfing candle. If the trend line is broken here price will move into an area between the weekly trend line and a weekly resistance. Forming almost an ascending triangle. If this plays out i will look for an entry when it is pushed into the corner pending BTCs movements.
Long
by JB110011
OMGBTC - Buy Opportunity - 190% ROI - 22:1 Risk/RewardWith BTCUSD in consolidation mode, I've turned attention to the alt pairs leading into next week. On my radar is OMGBTC that after hitting initial targets. Now that price has returned back to the consolidation zone which was the original point of the first breakout, we can only assume there may still be buying interest in this range. Reasons to consider a BUY position: Price broke out from consolidation zone and hit target 1. Sign of bullish Price appears to be basing out near the consolidation zone indicating fewer sellers Excellent risk to reward ratio on offer Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
OLong
by hedgewithcrypto
OMG doubles in price but is it over?OMG has performed nicely since the breakout at about $13 and has since doubled in price. OMG has exceeded my initial target of $18-$20 so at this point one could sell their cost basis and then just play with the houses money. However, I will say that the amount of wicks on the daily candles tells me that the price has been held back to not let it get too out of control to the upside like many other coins have done. It's also interesting that most crypto traders know of and like OMG even if they don't currently own a position but many of the converted wall streeters also realize that OMG is one of the few companies that appears to have a viable product worldwide. If they can perform to expectations and stay focused then look out because if you thought XRP (Ripple) soared then you ain't seen nothing yet! Good Trading!
Long
by TradingBTC1
1