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OMG

One Major Indicator Could Signal Bull Price Action SOON for OMGAs we continue our crusade of analyzing as many coins in the sphere as possible, we will look into $OMG #OmiseGo next. In the picture above, we can see the price is hanging outside the bottom of the ZN Bands. This would indicate that an impending bounce could be on the way. Let’s check the moving fibs. Moving Fibs Indicator (Custom) According to the Moving Fibs, the next target would be the support point that is delineated by the blue line that you can see above. That support point is hanging at about 47.7k sats. If the price were to head to that point, it would represent an loss of approximately 3% from where the price is currently. Zerononcense Price Bands The chart above is self-explanatory for the most part. RSI(14) There’s a ridiculous amount of divergence between the price action for $OMG and the RSI(14) on the daily. This is something that cannot be ignored because it is positive divergence. This could be a secret breakup when considering the amount of divergence that is on the coin currently. We’ll definitely make sure to keep an eye on this in the future so that we can ensure that we have front court tickets to the breakout when and if it does happen. Conclusion Every other indicator on planet earth apart from the RSI(14) is telling us that $OMG is an immediate sell and should not be touched for awhile. However, that RSI(14) positive divergence is ridiculously large, and this is something that cannot be ignored.
by librehash
OMG long term bottom? OmiseGo, Part 3My previous analysis: Previous analysis i showed a few signs, indicating the possible weakness on the short term, which got confirmed quite clearly eventually. It was a good example of a better safe than sorry situation. It bounced up twice exactly from that support area i showed and so far it has been moving up slowly. I am going to try and trade this one, risking a tiny amount at the start and having a potential big win. How? well let me show you. I want to see a small drop again towards that trend line and green support zone , there i will buy a small amount and use that red zone below it as a stop loss. So if this fails, it will only be a small loss. If that plays out and we start to see the market move upwards, i will increase the size when we break that first red resistance zone and increase it even more if the second one breaks as well. While i increase, i move the stops higher as well to keep the same risk. The daily candle looks quite good now, but still very low volume so we need to see more conviction from buyers here. The volume will probably start after the second red zone breaks. Depending on your type of trading, you should choose if you look on the left or the right. Because looking at both shows you a lot more noise and makes things more complicated. Most important factor in this whole idea is the following: The higher lows pattern The whole analysis (since part 1) has been based on this assumption. This pattern needs to hold. Second factor is the bullish wedge, that one gives more room to the downside, but if the higher low pattern breaks I won't be hoping for the wedge to work out. Volume is dropping during this drop, showing there is not real selling pressure (or there are no buyers for sellers to sell in to :), in crypto it can be both). Anyway, for the bullish versions to succeed, we need to see that volume increase again. Please don't forget to like if you appreciate this :) Previous analysis:
BITFINEX:OMGUSD
by botje11
OMG long term bottom? OmiseGo, Part 2Previous analysis i showed a few signs, indicating the possible weakness on the short term, which got confirmed quite clearly eventually. It was a good example of a better safe than sorry situation. It bounced up twice exactly from that support area i showed and so far it has been moving up slowly. I am going to try and trade this one, risking a tiny amount at the start and having a potential big win. How? well let me show you. I want to see a small drop again towards that trend line and green support zone, there i will buy a small amount and use that red zone below it as a stop loss. So if this fails, it will only be a small loss. If that plays out and we start to see the market move upwards, i will increase the size when we break that first red resistance zone and increase it even more if the second one breaks as well. While i increase, i move the stops higher as well to keep the same risk. The daily candle looks quite good now, but still very low volume so we need to see more conviction from buyers here. The volume will probably start after the second red zone breaks. Please don't forget to like if you appreciate this :) Previous analysis:
BITFINEX:OMGUSDLong
by botje11
6
$OMG Short Term and Mid Term Gains Idea. Whale Incoming...The trade that match with my criteria, one of them at the moment is OMG! You can see the indicators at the moment are so tempting, plus, OMG haven't have it's return to bounce, so it could be it's time soon as the chart looks bottomed out for days now. If you wanted to play, I already put short term targets on white line and mid term target on Yellow. If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! ----------------------------------------------------- Blockchaindedi Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform -----------------------------------------------------
OLong
by blockchaindedi
2
OMGBTC: Making a strong bullish case Technical : OMGBTC after losing 83.21% from ATH is finally showing signs of a bottom. Not only that, we can also see textbook accumulation pattern. It seems for 48 days we have been in a tight range. At first the bottom was formed following which a breakout attempt was made which failed. It proceeded lowers for a liquidity tap by taking out all stops below the previous formed bottom. From the middle of the range we dropped down to the bottom of the range where we seem to have found support. Relative Strength Index has always been a precursor for OMGBTC right before a bullish move. On 1h to 5h TF we can see that consistently we are seeing bullish divergence. Not only that on the daily chart we had formed a bullish divergence. Now BTC might fall a little bit more and drag OMG down a tiny bit but the bullish case is too strong here. There's a lot going on in the Fundamental side of this coin but I prefer not to get into it again. There was also some announcement about an airdrop. _________________________________________________________________________________________________________________________ I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
OLong
by ShounakShetty
OMGUSD: Rectangle on 1D identified. Sideways until (S) breaks.Omisego is trading sideways within a 1D Triangle (RSI = 53.725) under High Volatility (ATR = 0.2020) that keeps the price within a 2.9590 Support and 3.8740 Resistance. Due to the underlying long term bearish trend on the 1W chart (RSI = 37.359, MACD = -2.090, Highs/Lows = -0.1851, B/BP = -1.9305), shorting every move near the Resistance is better suited than a full scalp. That is why we remain bearish on OMGUSD with TP = 2.6561 and 1.4942.
BITFINEX:OMGUSDShort
by InvestingScope
1