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OMisoGo can Scale Ethereum! (OMG/USDT analysis)OMG Network at a Glance: The OMG Network allows you to access, manage, and transact with digital assets that are kept securely on the blockchain. What is an 🌟OMG coin 🌟? OMG coin is a white-label eWallet. It was built on the Ethereum blockchain by a Thai financial services company called Omise. Its full name is OmiseGo. (coinmarketcap data: Token Rank #88 On 77,932 watchlists Market Cap $729,564,049 Volume24h $361,903,849 ) ❇️ With OMG Network : 1.Faste r: Transfer ETH and ERC20 tokens with a throughput of thousands of transactions per second. 2.Cheaper : Operate your business or project at 1/3rd the average cost of the Ethereum Network. 3.Secure : Ethereum-level security supported by a decentralized watcher network and smart contract adjudicators. 4.Green : Reduce electricity usage by potentially 99% per transaction compared to Ethereum. 5.Open : Build apps, dApps, developer tools and more on an open and permissionless network. 6.Trustless : Your assets remain secure on the Ethereum Network and are fully recoverable at any time. ❇️OmiseGo Price Predictions: 2021 and Beyond One way to make a long-term OMG price prediction is to look at its competitors. These are the platforms that offer similar services to OMG. If the following platforms succeed, the price of OMG may be affected. There’s no telling, though — in some ways, investors may see the success of a competitor as a good thing, because it confirms the potential of the shared us ❇️Competitors: 👉REQ : REQ or Request Network is a decentralized payment system with a market cap of less than 100 million USD. It’s too small to worry about the OMG crypto at the moment but it might do in a few years. UPDATE 2021: REQ market cap is now only $108,428,261 USD. 👉Ripple : This platform is becoming a giant in the world of crypto. Like OmiseGo, it offers payment services for financial institutions. However, Ripple is a closed network and has been criticized for being too centralized. The two platforms operate in the same area but work in different ways. 👉Ox : Ox allows users to create their own decentralized exchanges on the Ethereum blockchain. Trading is only available for ERC-20 tokens. This means that it will have a smaller market than a platform like OmiseGo. 👉Stellar : OmiseGo’s main competitor is probably Stellar. Both platforms offer open-source payment services on a large scale. Stellar has a market cap of more than 5 billion USD and is the seventh biggest cryptocurrency in the world. UPDATE 2021: Stellar market cap is now $8,931,098,089 OmiseGo coin will have to compete with all of these platforms over the next few years. It’s a very tough market and OmiseGo will need all the users it can get if its price is going to keep rising. (references: bitdegreeorg-omg.network - coinmarketcap) ------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As we can see in the weekly timeframe logarithmic chart for OMG, The current price roam about $5.15 , Different patterns can be discovered in this image, but we saw the reverse head and shoulder pattern better, for which price targets of $ 7 and $ 13, respectively, and then finally $ 40, can be imagined, but the price can go beyond these areas. Which depends on the crazy crypto market and can make OMG wild to touch more amazing targets. (Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.) -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades 👍plz hit that damn like button if you like it
Long
by PRO_SMART_Trader
2
OMGUSDT (OmiseGO) - BUY ENTRY ANALYSIS 🔎 - OMGUSDT brokeout above the double bottom neckline resistance. - Price hit a swing high and retraced. - Price retested the neckline resistance (flip horizontal support), key fibonacci retracement levels (0.5 - 0.618 - 0.786), and the ascending trendline support (ATS). - There's a relatively high concentration of buyers at this retest zone (High buying pressure). - The retracement was resisted by the descending trendline resistance (DTR). - Price brokeout above the descending trendline resistance (DTR). - This is a bullish signal. BUY ENTRY ⬆️ - Market price (now). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - The ascending trendline support (ATS) is acting as a dynamic support. - Breakdown below this trendline support could be an invalidation signal. - The previous swing low (S2) could be used as the last validation level.
OLong
by Chibuike_Odoh
OMG - BEARISH!!OMG is seeing a very bearish pattern playing out - ascending wedge! This pattern is shared with many other altcoins, alongside bitcoin forming a head and shoulder pattern on the 4-hour chart the overall market direction is pointing downward! I believe we will see downward movement for the remainder of the month before we head back up nearing the later half of the month - could be a great opportunity to load up on some cheaper coins! As always let me know your thoughts ''Buy Big Sell BIGGER'' - MegaWhale
O
by MegaWhale
19
The beginning of the uptrend in Wave 3 with target of $ 40 The first uptrend ended in the range of $ 9.82, in continuation, the corrective movement of that has finished in the range of $ 1.96. By drawing the channel line, we can set a $ 40 target for this token. In the daily chart, the first 5 ascending waves which were able to cross the end of wave B, confirms the uptrend (wave 1) ( Daily Chart ) In the 240-minute chart, the first wave count from the uptrend waves and its corrective movement has been specified. By crossing the price from the specified trend line, we can get the confirmation for the uptrend. Needless to say, the main confirmation can be received by crossing the price from the range of 6.94, which should cross this range with 5 ascending waves. *Finally, my personal strategy: I will go long when the trend line is broken.
O
by NirmataFX
Pattern analysis for OMG coin. Once price reaches yellow line, it will become a crucial period and price should be followed(by you) through until it reaches the two red lines intersecting one another (yellow arrow) on 9th of March. This will determine whether price will go up, which could take a few weeks until it reaches its previous all time high in september 2020. If price doesn't stay above the support line after it crosses the two intersecting lines(yellow arrow), it is likely the coin will stay between the two blue lines while bouncing back and forth for upto few months. Analysis was made for a follower as per their request. Working on eth and btc analysis after this unless someone wants me to analyse a coin for them. Thank you. *DO NOT TAKE MY ANALYSIS TO SELL/BUY COINS* *MARKETS ARE VOLATILE AND PREDICTING PRICE MOVEMENT IS IMPOSSIBLE*.
O
by altcoinsftw247
5