OMG/USDT (potential bullish reversal)OMG / USDT
1- Falling wedge pattern
2- 50 EMA act as dynamic resistance
3- RSI is printing a bullish div
If buyers success into breaking resistance
strong bullish wave will come after
Keep your eye on it
OMG
OMisego - The sleeping giant ready for new increase trend?Hello trading friends,
Omisego - also the called name - the sleeping giant looks on a positive trend - and it could make some trend changes coming time.
It's a coin that has some cycle trends where it could make the difference - for this reason, it's a coin that could make unexpected for the most change.
Possible targets 6 USD + and in good breakout trend it could hit the important level of 9 USD+ .
Trade always depends on your setups
Have good time
Omisego - into interesting zoneHello trading friends,
Omisego - into the interesting zone depending on Ta trends.
Have a good time.
OMISEGO - On important trend for possible breakout 6.50+Hello trading friends,
This is a small view for OMGUSDT.
As omisego are now on an important trend line - is this also the reason for this update.
you can see here the before update of omisego
There is a good chance that we could see a breakout in OMG - that could bring price action to 6.50+
We will follow and see if the market will show these effects.
There is no guarantee into trading - all depending on TA trends and data.
Have good time
# this is not a trading call - trade only depending on your setups.
$OMG/USDT 8h (#BinanceFutures) Falling wedge breakout and retestOMG Network (a.k.a. OmiseGo) regained 50MA support and is pulling back to it, looks good for another bounce after.
Current Price= 4.023
Buy Entry= 4.004 - 3.800
Take Profit= 4.399 | 4.798 | 5.237
Stop Loss= 4.085
Risk/Reward= 1:1.2 | 1:2.16 | 1:3.22
Expected Profit= +25.48% | +45.92% | +68.42%
Possible Loss= -21.28%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 weeks
Tags: #OMG #OMGUSDT #PoA #OmgFoundation #BobaNetwork #Layer2 #Scaling #DeFi #Payment
Website:
omg.network
Contract:
#ERC20 0xd26114cd6ee289accf82350c8d8487fedb8a0c07
OMG/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart, you'll see that my wave count is off. The 5th wave hit way sooner than my predicted area, it's right above the wave (3) top. We've gone below the .238 fib line and currently we're sitting right above it. On this chart you'll also see that our previous wave (4) has entered way into territory of 1. It is actually quite near the retracement of wave (2) so when I make my predictions on some of these charts I try not to enter the territory of wave (1), however it's crypto and anything goes, as you can see. As long as wave (4) retracement's do not go below wave (2) the counts are still valid. We are now at the accumulation zone and should be going up for the wave (3) impulse soon. Wave (2) of this bottom is near, technically we can still go down to 0.60 and this chart is still valid.
#OmiseGO #OMG - can hidden bullish divergence avoid breakdown?OmiseGO OMG - can hidden bullish divergence avoid breakdown?
The huge weekly support trend channel was broken to the downside and a conformation can occur within the next weeks.
But a hidden bullish divergence on RSI and MACD might lead to a fakeout and a recovery.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
OMGUSDT Bullish (222%+ Possible Or Much Higher)Here we can also draw a falling wedge.
We have the same signals we just looked at on the OMGBTC pair.
We have the inverted hammer candlestick pattern with a -8 on top of it as prices break out of the falling wedge and move above EMA10.
These signals in combination are really strong, as long as the week closes above EMA10 today.
We also have a higher low compared to Dec. 2020 and July 2021, which can lead to a higher high giving us a target much higher than 222%.
Thank you for reading.
Namaste.
OMGBTC Bullish On Weekly Timeframe (555% Possible)This falling wedge pattern might just be two lines drawn on a chart but somehow when it comes out what follows is easy to predict...
We can expect prices to go up.
We have a strong combination here since this is the weekly timeframe and we have an inverted hammer last weak with -8 on top of it... These signal together give out a strong bullish signal.
We can also notice a long-term higher low (Dec. 2020).
Higher lows tend to lead to higher highs... 555%?
Maybe... or more.
We will see.
Namaste.
OMG Network Long-Term (600%+ Next Bullish Wave)Is the bearish wave complete?
We don't know, people say it is impossible to predict anything, they say TA is junk; it doesn't work...
Come closer... Allow me to show you some Magic!
OMGUSDT Oct. 26 2021 (Inside this trade idea there is another one)...
Just based on this previous chart and the bullish sentiment that is growing today, we can expect another bullish wave.
I mapped some levels for you, 222% up to 620%.
But you still need to do your own research before you trade.
This is not financial advice.
Namaste.
OMISEGO : TREND CHART - LONGHello trading friends,
This is a small view of the Omesgo chart.
Depending on the last trends (OMG) are still into an uptrend.
If the trend stays above the 4 USD + trend coming time - we could see a new area of 6.80+ what we have seen more times since Dec.
Into trading there is no guarantee for any price action - all depending on market study and trend.
If omisego hit coming time with a breakout of 6.80+ what could it match with historical trends.
Have a great day.
OMGUSDT possible 250% breakout on weekly bullish diverganceOMG has been showing a rsi divergance and been forming an upwards pattern
OMG...possible outbreak?Form of OMG graph has been repeated once, and if it breaks out of the downward trend channel, maybe a steady ascent can begin again...
$OMG bounce back to $11.72-$12.60?$OMG has had one of the worst drawdowns in altcoins since November. I lean towards a strong bounce to make up for the quick move down.
Over the next weeks/month(s), I think OMG should bounce back to retest resistance up in the $11.72-12.60 range.
I've marked out key dates for changes in price action. Entry at $3.79.
Let's see how it plays out.
OMG - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WEEKLY: Right Chart
OMG is overall bullish trading inside the brown rising broadening wedge pattern.
and now OMG is sitting around the lower brown trendline and green support, so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
OMG is forming a channel in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing.
Trigger => Waiting for that swing high to form around the blue trendline and then buy after a momentum candle close above it. (projection in purple)
Or waiting for a break above the last high in gray and above the blue trendline. (projection in red)
Meanwhile, until the buy is activated, OMG would be overall bearish can still trade lower inside the green support before activating the buy setup.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OMGUSD Very Strong Support0.5 acts as a very strong support for price, previously in quite a small period of time the price has touched this level (0.5) and successfully rebounded
It looks like the third touch is coming
The MACD is in a kind of megaphone state, the next upward tick of the indicator will be a larger one based on this structure
OMGUSDT --- head and shoulders patternFormation of head and shoulder pattern in 4H
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OMG - WeeklyOMG in a pitchfork in the weekly time frame.
The price had a breakout and now the price is testing a new resistance. The price could have a pullback.
🆓OMG Network (OMG) Feb-20 #OMG $OMGThe $4 zone is a very important support zone of OMG at this time, the buying force has always appeared to push OMG up again every time it approaches this zone. The selling force has also decreased gradually so the buying power may return in the near future
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 3.8$ zone
🔴Buy : 3.8
🔴Sell : 4.8 - 5.6 - 6.4
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 3.8$ zone
🔵Sell : 3.8
🔵Buy : 3.2 - 2.5
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
OMGUSD Possible pumpHey traders, in this week we are monitoring OMG Network for a buying opportunity around 5$ zone, once we will receive any bullish confirmation the trade will be exeuted.
Trade safe, Joe.
OMG Network (OMG) formed big Shark for upto 427% moveHi dear friends, hope you are well and welcome to the new update on OMG Network (OMG) token.
During the previous Market crash from April to Jun 2021, on a weekly time frame, OMG formed Shark pattern and started a big bullish rally, that I shared as below:
Now again on a weekly time frame OMG has formed another bullish harmonic Shark pattern.