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OMG

OMG cryptocurrency outlook: Profitable trade ahead?Hello everyone! Let's take a look at the OMG cryptocurrency and its prospects for the near future. For over a year, the asset was in a global correction. In December 2022, a reversal movement of the asset began, with a subsequent increase in price and a breakthrough of the descending trend line at around $1.25. Currently, the asset is in a local phase of correction and is approaching a local support zone, followed by an ascending trend line. In this area of approximately $1.4-1.46 , you can look for an entry point with further position fixation in the Fibonacci zone of 0.236. The net profit when buying on the spot will be approximately 39% It is also possible to expect an increase in price to the next Fibonacci level around 0.382 , resulting in a total profit of approximately 109%. This is not a financial recommendation, and everything you do, you do at your own risk.
OLong
by neverovv
OMGUSDT - OmiseGo Ready to go ParabolicHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. OMGUSDT is looking extremely bullish after a period of consolidation. The last time after OMGUSDT consolidated around the support zone and continuously tested this resistance without falling lower, it was a literal OMG moment and the price went parabolic to $9.92 in July 2020. I think a big bounce on this zone is likely, and a near term 275% increase seems more likely than an immediate 500% increase. Ultimately, depending on your patience and trading strategy, 500% is a realistic increase for altcoin markets during a bull cycle. The potential at this level is confirmed by HIGH volume the previous two times that the price traded around this level. A quick look at OMGBTC also shows bullish price action is most likely after a long period of consolidation against BTC . If you're looking to get a step ahead on Bitcoin, check out this idea 👀: These three charts together give away hidden information about where the price of BTC could be going next. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
OLong
by CryptoCheck-
35
$OMG/USDT 4h (#BinanceFutures) Ascending trendline breakdownOMG Network (f.k.a. OmiseGo) printed a shooting star below 50MA resistance and seems about to retrace down further. ⚡️⚡️ #OMG/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (3.0X) Amount: 8.4% Current Price: 1.711 Entry Targets: 1) 1.796 Take-Profit Targets: 1) 1.476 Stop Targets: 1) 2.010 Published By: @Zblaba $OMG #OMGUSDT #OmgNetwork #OmiseGo #L2 Risk/Reward= 1:1.5 Expected Profit= +53.5% Possible Loss= -35.7% Estimated Gaintime= 1 week
Short
by TradingOn
OMG: Pullback in UptrendOMG Network (OMG) technical analysis: Trade setup : Price broke above $2.00-$2.10 resistance zone with massive volumes and reached $2.50 resistance, the highest level since Sep 2022. Pullback near $1.50 support could be a swing entry with $2.00-$2.50 upside potential. Wait for Momentum to inflect bullish again (MACD Histogram rising) to indicate that price has found support and could swing back up. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.00. The nearest Resistance Zone is $2.00 – $2.10, then $2.50.
OLong
by altFINS
OMGETH - Clean Breakout of Channel Suggests BullsFollowing on from a steady, consistant decline for OMG over the last year and a half, are things about to take a turn for the better? We've got quite a clear break of channel going on, combined with a strong Buy signal from Crypto Tipster v2. The potential profits from a breakout of this trend line could be as much as 30% over around 6 weeks, it's a long term trade but the results could be well worth it! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
6
✳️ OMG Grows 70% In 1 Day, This Why Patience Is Key! (IMPORTANT)This is of the utmost importance to my followers and ALTSBTC traders, patience is absolutely mandatory to win. As Bitcoin grows, the Altcoins vs Bitcoin pairs go into correction mode. Some pairs stay within higher lows and some hit lower lows... This is completely irrelevant if you have a well defined plan and a long-term view, we simply wait. Here we can see OMGBTC moving to hit a new low and this is where people sell and give up. Just waiting 4 days would have done the trick. Here we can see that OMGBTC recovered more than 30 days of correction in a single day. In fact, it hit a new multi-months high and Bitcoin didn't even enter a correction, it just stopped for a few hours and this took place. When Bitcoin stops, the Altcoins grow strong. Anyway, OMGBTC grows 70% in a day and hit a higher high... So, patience is key. All loses can be recovered in a few days... The market is interrelated, the entire Cryptocurrency market is connected, what one does, the rest follows. As Bitcoin grows, the entire market is set to grow as well. Check my last phrase on the " Bitcoin Monthly Reveals The Future... " trade idea for more information and make sure to have a plan and be patient. Wishing you luck, health, wealth and success. Namaste.
OLong
by AlanSantana
1
Strong Gains, Overbought Signals, and Potential MomentumHey there! Let's take a look at OMG and see what the indicators are telling us about this asset's current state. First of all, OMG has had the most significant gain of all coins in the market today. Looking at the RSI, we can see that it's currently at 85, which suggests that the asset may be overbought. However, the Bollinger bands tell us that the asset is currently overpriced but has the potential to decrease in price. The middle band at $1.49 is a support level that we should watch out for. Next, we have the Fibonacci levels. The asset is currently trading above all levels, which is bullish. However, it's important to keep in mind that the asset is currently overpriced, so there's a possibility of a pullback in price. The volume oscillator is at 59%, which tells us that there's a good amount of interest in the asset. The MACD is 0.085, which is above the zero line and indicates that there's potential for upward momentum. Lastly, the stochastic oscillators are at 79, which suggests that the asset may be getting close to overbought territory. Overall, it seems like OMG is in a bullish trend, with the potential for upward momentum. However, it's essential to exercise caution since the asset is overpriced and may experience a pullback. The 4-hour EMA 50 at $1.465 is a support level to watch out for. As always, make sure to do your own research and make informed decisions that align with your investment goals and risk tolerance.
O
by MonoCoinSignal
1