OMGBTC (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Omnisego / OMG
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OMG
OMG/USD descending trendlineBreaking this descending trendline would be bullish in my opinion. Stochastic RSI and MACD are looking good to try an upward movement. I doubt this can by typified as a falling wedge but I included the lower line nevertheless.
OmiseGOOMGBTC logarithmic chart
The falling wedge with good signals from indicators.
Have resistances from Moving Averages.
Right time to invest in omisego OMG and make good profit 37-138%OMG BOTTOMED
GOT SUPPORT AT PREV. SUPPORT LEVEL OF 45111 SAT, WHICH IS AT FIB 100
OMG JUST OVER THE EDGE OF EMA 21 WHICH IS GOOD
OmiseGo News: Team Close To Completing Plasma Integration
OmiseGo is building a public, permissionless, peer-to-peer network that focuses on mobile wallets being used in Southeast Asia. As an ERC-20 token based on a decentralized exchange, OmiseGo will be scaling their startup with Plasma technology.
In their most recent announcement, the OmiseGo team detailed where they’re at in terms of completing the ambitious Plasma project, as well as what they’ll be researching during their next phase.
5 MONTHS BACK NEWS - Vitalik Buterin: Sharding and Plasma Could Scale Ethereum by 10,000x
Spiked the price of OMG AND ETH
STOP LOSS 45111 SAT
ENTRY PRICE BTW 47189-52962 SAT
TARGET PRICE in SAT
MAIN TARGETS
------------
1. 68611
2. 85674
3. 117519
OPTIONAL TARGETS
--------------
139886,
162000,
189000 SAT
OMG up rally got strong resistance at FIB 38.2 & 23.6
HOW TO TRADE?
KEEP STRICT STOP LOSS, NO MATTER IF IT TRIGGERED, VERY LITTLE LOSS, BUT VERY LOW CHANCES OF SL TRIGGER BECAUSE OF OMG NEWS.
Always trade with news here, once you are in good profit, make sure you exit at each profit levels. After every small rally there will be correction and if market goes good, you can take reentry.
If omg breaks fib levels strongly, wait for next level, becareful at fib level 61.8 1,17519 sat, make sure you book 60% profit here.
DISCLAIMER: This analysis is just for eductional purpose, users are requested to DYOR before any type of investment.
Regards
Zia
$OMG - Trade Setup (LONG)- Sitting on long term support.
- Bullish divergence on RSI
- Ben Trend Indicator showing bullish signal
- Good upside potential 150-300%
OMG To LaunchpadBITFINEX:OMGBTC one of coins that dropped over 80% since ATH and now it's back to launchpad " Accumulation zone" ..
I recommend entries to be between 49k Satoshis - 39k Satoshis ..
Coin has a great potential to go double in a very short time ..
join us for more ideas and trades : t.me
OMGUSD: 1D Falling Wedge. Retesting the support.Omisego gave the expected bearish 1D candle that tested the 2.9640 support creating a Falling Wedge (RSI = 43.877, MACD = -0.127, Highs/Lows = -0.0320, B/BP = -0.0909). This should technically seek a Lower Low at 2.6561 (first TP) in the coming candles, but the 2.9640 1D support needs to break as so far it has been rejected twice. Even if the Wedge breaks, any upside is limited to the 1W 0.500 (4.0367) - 0.618 (4.2860) Fibonacci retracement. Longer term TP = 1.4942.
OMGUSD looking for a breakout PRE ENTRY OMGUSD Long
Entry 3.10-3.20$ (breakout)
Target 4.30$
Stop 2.80$
OmiseGO versus BTCOMGBTC going down in the demand zone and doing the accumulation process for good moving up.
OMGUSD: Still sideways. Approaching a bearish break-out.Omisego remains neutral both on 4H (RSI = 50.314, Highs/Lows = 0.0000) and 1D (RSI = 47.725, Highs/Lows = 0.0000) as it approaches the 1W Channel Down limitation. It will either be rejected towards 2.000 or bounce to the 0.500 - 0.618 Fibonacci retracement level. In both cases 1W is a strong sell (MACD = -2.179, Highs/Lows = -0.6889, B/BP = -28843) and should make a Lower Low. Our TP is intact for OMGUSD at 1.4942.
OMG/BTC - Accumulation ZoneWe advise traders to accumulate OMG/BTC as it has recently tested its low from Dec '17.
Our plan is as following:
Accumulation zone: 0.000480 - 0.000550
Sell zone: 0.000694, 0.000798, 0.000920
We wouldn't be worried as long as the pair manages to stay above 0.000450
OMGBTC Falling Wedge. Breakout 14-16th of NovemberOMG looks like it's going to bottom above the red FIB line at 0.326 level.
The road to the bottom will likely be within that falling wedge shown in the chart.
The pump should take it up to at least 0.001 BTC, or FIB line 1.
The Pivot Point (Hammer) is the support of the Falling Wedge and the FIB line at 0.326 level. This is between the 14th - 16th of November.
