Base Breakout Setup triggering in OMG coinBig base been setting up since its been listed and got the coinbase push. Now we starting to push out of a very nice base breakout pattern in a multi month consolidation. Judging by the way some of the other 2-4 dollar coins have pushed recently. We could see 3-3.50 very soon.
OMG
OMGUSDT ANALYSISI have 4 positive signals. I am bullish at the moment.
It is still above the up trend line and support line
You can buy it right now and watch carefully EngineeringRobo ' s signal
You can sell at the resistance line( $ 2,8045) or you can sell with EngineeringRobo' s sell signal .
If you want to use EngineeringRobo please dm me.
OMG—OMG—Weekly—26000%I remember this coin from when I first started learning about crypto. It was one I FOMO'd in on before I had any clue about trading. I remember the hype penetrating my bones.
I wonder if it will be go 26000%?
That'd be cool.
Who knows.
Good luck.
moving200 & fib div & ichimokuHello friends
Good time
I came up with my own strategy.
For several days now, many currencies have broken their 200 moving average upwards. My choice now is omg. Have fun
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
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Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume ). Like this idea if it helped.
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OMG / BTC correction complete, time for blast off?Wouldn't want to see it go down below the red horizontal support nor black trend support. Perhaps retest again after failure to break above but should be up from here.
OMGBTC On Support LineLast days OMGBTC is trading on support level, as you can see it's moving in channel bottom part, we can expect some bounce from this level if we don't fall under it. Stoch RSI is on oversold level as well.
Good luck !
OMGUSDT ANALYSISThe candles are stuck between the resistance line(1.7448) and the support line(1.1760). about 16% profit every time. I think it will be happy until the candles cross the dashed line.
Buy at the support line and sell at the resistance line. :)
OmiseGo PossibilitiesPossibilities for this flag like formation that has formed on the USD pair
not the strongest bull flag ive seen, hence the bearish scenario.
OMGUSDT analysisThis is a good buy. Although there is a MOON signal back in April, there is still a buy 2 and green robo cloud.
The chart has broken resistance is moving around the support. I will sell if it goes below support after confirmation.
OMG cup and Handle bullish pattern Hello, traders.
See, we can be within a cup and handle pattern, for now, we have to wait. But the long-term bearish trend has reverted to a bull trend.
This asset is very bullish. We are in the middle of the accumulation pattern.
Best regards.
Sandro and Gustavo.
OMGUSDT AnalysisI am mostly positive about OmiseGO. Engineering Robo is giving a Buy 2 signal. In addition, the MA 20 (blue line) and MA 50 (yellow line) have crossed, and it looks at though the MA 20 will go above the MA 50 line, indicating that it is time to buy it. The candle has broken the resistance line and the candles are starting to go up. In this case, I will wait for Engineering Robo's signal to buy it. If the candle moves down and breaks the support line below it, in that case I will sell it.
Patience Will Reap Rewards For $OMG We're taking a look at $OMG because the Quant Market Scanner recommended that we take a peak at these guys (their price action is noteworthy over the past few days).
We're going to start with on the one day resolution.
Above we have a case of a classic overhead downtrend resistance (short-term) that's been broken (with volume).
The latest screenshot shows failed attempts by the price to break above the overhead diagonal downtrend resistance (four failures).
All of these failures lead up to the eventual explosion above the overhead downtrend diagonal resistance.
Zooming in a bit closer, we can see that there was substantial volume accompanied with this break as well (which is typically what we want to see as a *confirmation* of a legitimate break above the overhead diagonal downtrend resistance).
Another Look at Things
If you're not a believer in the idea that there was a legitimate overhead diagonal downtrend resistance suppressing the price, then perhaps the overhead horizontal resistance presents itself as a more palatable theory.
See below:
If This is the Case
Then we'll have an easier time plotting a potential 'retouch' (if there is one) for the price.
> 'Retouch?'
Typically when there is a break over an overhead resistance of some sort (or vice versa), the price tends to retest the former resistance as a support point during its ensuing consolidation period (if it comes to that).
Conversely, if the price breaks below a major support that had ben thwarting continued price action, then there is usally a re-test of the support as a resistance point before the price moves further south.
Here is What That Would Look Like
Assessing Distance Between Current Price Action and the Underlying Support (former overhead resistance)
We're going to map our trading strategy around the assumption that the price does consolidate at some point in the near future to re-test that previous overhead horizontal resistance as a support before continuing north.
However, before we can solidify this as an idea, we need to make sure that the distance between where the price is at (at the time of writing) and the (now) underlying support is not too great (otherwise, this may be a no go).
Perfect, just -5% from entry position (if we were to place a bid at th8e current floating exchange rate for $OMG).
Looking For the Next Overhead Resistance
There isn't a lot to go from...but there is something.
See below:
As shown in the chart above, we drew our overhead resistance by using the previous localized ATH on the chart (dating back around May 21st/22nd, 2020) - which is priced at $1.90.
Distance Between Current Price Action and the Overhead Resistance We Drew
To get a sense for our potential upside on this move (assuming it plays out), we're going to measure the distance between where the curren floating exchange rate for $OMG and that overhead resistance point ($190).
Conclusion
1. $OMG is already on a "winning streak" currently (heavy uptrend over the last few weeks), so we're not going to waste too much time looking at momentum indicators here since we're not in a rush for this move to play out.
2. There's a clear underlying support point that **should hold up** (unless there is some catalyst for negative price action for $OMG that creates this bearish price actoin with such volatility that it breaks straight through the underlying support). We doubt that any such event will manifest (unless it involves the broader crypto markers in some way).
3. The overhead resistance is pretty intuitive at this point as well (there's no other logical place to draw an overhead resistance target ; the $176 price amrket has no other interactions with $OMG's price action that would justify us marking it out as an overhead resistance point).
Drawing Up an R/R From Here
This feels like a fair R/R for $OMG currently:
Don't miss the great buy opportunity in OMGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.6000
TP2= @ 1.6350
TP3= @ 1.7600
TP4= @ 1.8500
TP5= @ 2.0200
SL= Break below S2
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Don't miss the great buy opportunity in OMGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.6000
TP2= @ 1.6350
TP3= @ 1.7600
TP4= @ 1.8500
TP5= @ 2.0200
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ADA, OMG, EOS, 3 Types of charts, Leading, Trending and LaggingThese are the 3 main Types of correlated charts I am seeing in the Crypto space.
Type 1: These charts have moved off the low but have not yet broken out. These are lagging the others (i.e Not many people are paying attention = opportunity). e.g EOS
Type 2: These charts have broken out and are consolidating above or near the previous high. These are trending Bullish (look for entries on pullbacks and retests of support) e.g OMG
Type 3: These charts have broken out of the previous highs and are consolidating above all the price action since DEC 2018. These are leading the market (i.e Where the fomo is real) e.g ADA
Would you like to see my lists for Type 1,2 & 3 ?
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D.Y.O.R . Not Financial Advice Just an Observation.
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Be prepared to be wrong. Risk management is key . Capital preservation above all else.
