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OMGBTC

2 Buy opportunity in OMGBTC , Mid-Term & Short-Term Mid-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGBTC 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 56. Take Profits: TP1= @ 0.0004110 TP2= @ 0.0004990 TP3= @ 0.0006830 TP4= @ 0.0008870 TP5= @ 0.0011380 TP6= @ 0.0013875 TP7= @ 0.0017400 TP8= @ 0.0023195 SL= Break below 0.000243 ----------------------------------------------------------------------------------------------------------- Short-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGBTC 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 60. Take Profits: TP1= @ 0.0004110 TP2= @ 0.0004450 TP3= @ 0.0004950 TP4= @ 0.0005630 TP5= @ 0.0006830 SL= Break below 0.000243 ❤️ 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 ❤️
OLong
by ForecastCity
19
Bottom of the bull flag for OMGBTC? OMGBTC has historically traded on a Bull flag ( a rapid rise in price, followed by a period of either sideways or slowly declining price) It seems to be reaching the end of that flag. The last 2 weeks have been a steady decline for OMG. Currently it's resting at the start of it's former Resistance area. Another drop in BTC price could potentially see us fall further into that resistance area. This resistance area does appear strong; the start and current barrier is the psychological resistance of 3.00 on the USDT charts, and we all like round numbers. This area is also right above the EMA 100. It wouldn't surprise me if we dropped a LITTLE bit more, the market seems very choppy right now and until BTC settles down I doubt we'll see the pop. BUYING IN? Best strategy is to wait for the first big candle out of the channel to post and buy in after. Note that as we saw such a large increase last time, there may be "fakeouts" where we see breaks from that channel that aren't true. How do we get around that? Watch the RSI: I've marked on the chart, preceding the past pumps we see a spike on RSI the days immediately before the action. Looks like a plateau, instead of a mountain, to put it plainly. We aren't seeing this right now, further increasing the feeling we might be waiting a while on this. Historically, it doesn't go all the way all at once, you get a few days of build up you should notice by the combination of a clear deviation from the channel as well as an RSI spike preceding it and continuing through. If you don't want to miss any action you could buy in some now, and DCA over the next little while as with a current 67% drop in price from ATH we're likely but not guaranteed to see sideways movement for a while. But be ready to hodl for a bit; the last cycle took almost 3 months to complete. Take profit for me would be previous ATH, likely conservative. We could see gains quite a bit higher than that so split your TP beyond that if you're feeling the greed. I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
OLong
by cryptosince1963
OMGBTC formed another bullish reversal moveHey, friends hope you are well and welcome to the new update on OMG token. Recently the price action of OMG has started the correction rally after a massive bullish wave of more than 1000%. So in today's post, we will try to understand that whether is this a really correction rally for the price action will move more down. Is this a breakout or fake out: Since 3rd week of August 2020 the priceline of OMG token started moving within the down channel. We can see several touches at the support and on the resistance as well. Finally on 11 September the price action broke out the resistance of the channel. I've also placed the volume profile indicator on the complete priceline moving within this down channel. It can be clearly observed that as per volume profile trader’s interest was very weak at the support of the channel. Even the trader's interest went above the resistance of the channel that was a very clear signal for the break out. We can also see the point of control of the volume profile at a very high distance from the resistance of the channel that can pull the priceline up very soon. Now the price action is likely to move down to re-test the previous resistance of the channel as a support but I am expecting that the price action will again enter in the channel and there is a very strong reason behind this thinking and that is the expected harmonic move. The priceline has broken down the 1st SMA support: After placing the different simple moving averages with the time period of 25, 50 and 100 it can be easily seen that the price action has also broken down the 25 simple moving average. Now price action of OMG is moving between the 25 and 50 SMAs. If the 50 simple moving average will be broken down then we also have the 100 simple moving average strong support below the 50 SMA. Harmonic BAT move: There are strong chances that the price action will use the 50 simple moving average as a support and to do so the priceline of OmiseGo will move more down. Because if we take a closer look at the chart then it can be clearly seen that the price action is likely to complete the final leg of the bullish BAT pattern on the daily chart. After initial X to A leg the price action is retraced between 0.382 to 0.50 retracement level then candlesticks are projected between 0.382 to 0.886 Fibonacci projection of A to B leg this is the second confirmation for the bullish BAT. Now the price action can retrace between 0.786 to 0.886 Fibonacci retracement level for the completion of this bullish BAT move. According to some trading experts, the potential reversal zone of the bullish BAT can be started from 0.618 Fibonacci retracement level. Therefore according to this theory if the price action will be moved up from this level where it moving at the moment even then the bullish BAT will not be invalidated. Because so far the priceline has retraced up to 0.724 Fibonacci that is more than 0.618 Fibonacci level. A big bullish Shark move and it’s buying and sell targets: At the end I would like to recall a very big bullish Shark move that has been completed by the priceline of OMG token. I posted the below pattern last year in April 2019. Now finally the price action is gearing up from the potential reversal zone of bullish Shark and as per Fibonacci sequence of this pattern the buying and sell targets are as below: Buy between: 0.000604 to 0.000230 btc Sell between: 0.001079 to 0.001977 btc Conclusion: On the long-term the price action of OMG token has formed a very big harmonic move and has the potential to produce more than 750% bullish rally. However, on the short term the price action can move little bit more down for the completion of the bullish BAT. Therefore we can use the potential reversal zone of bullish BAT on the short term as our stop loss.
OLong
by moon333
1
ZRXBTC 0X DEFI HOLE IN ONENo legnthy dissertation or oped on this one...I"m too exhausted. TIMEFRAME: LONG; so have some patience on this one. When all is said & done we're looking upwards to a 29.47% price pump before consolidation.* Everything you guys need to know is on the chart. Cheers. Please defer to related links below for other entry suggestions & information also applicable to current market conditions as of 8/31/20 18:00 EST Have a great evening. Respectfully, - Ahmed T. @a1mtarabichi Disclaimer* Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form. Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Long
by a1mtarabichi
2
OMG Network Surged More Than 1000% This Is Just A BeginningHeyy friends hope you are well and welcome to the new update on OMG network. Before moving to the OMG live chart I would like to show you some of my previous prediction based on the harmonic patterns after watching these charts it will be easy for you to understand today’s analysis. Below are some of my previous predictions based on the harmonic moves: Bitcoin Gartley move has produced more than 83% sofar: Bitcoin cash Gartley move has produced more than 36% sofar: XRP Butterfly move has produced more than 45% sofar: Cardano Shark’s move has produced more than 460% sofar: Tron Shark’s move has produced more than 312% sofar: NEO coin Shark’s move has produced more than 238% sofar: IOTA coin Butterfly’s move has produced more than 160% sofar: The purpose to show you some of my previous harmonic pattern is to prove with evidence that how the price action follows these patterns and how much these targets can be achieved realistically. XVG Shark’s move has generated 122% sofar: Ok, this XVG harmonic move is very much similar with the harmonic move that the OMG token has made this time. I posted this chart on July 2019 almost a year ago when the price action of Verge coin entered in the potential reversal zone of this Shark pattern. As per Fibonacci sequence of bullish Shark I predicted that it would be moved up from this PRZ level. But due to BTC dominance in the month of June to July 2019 the price action of XVG broke down the potential reversal zone. Very soon the price action recovered and entered the potential reversal zone again. But from Feb to March 2020 when all the markets were crashed the price action of Verge coin followed the international market trend and again moved more down but the priceline of XVG again recovered and so far it has produced more than 540% bullish rally from down to top and if we calculate from the maximum extent of the potential reversal zone up to the highest spike then it has produced 122% sofar. The Shark’s move of OMG network: Now I would like to show you the OMG chart that I published last year in April 2019. When the price action of OMG completed the bullish Shark pattern and entered in the potential reversal zone. Then same as like the XVG coin from June to July due to Bitcoin dominance the price action broke down the potential reversal zoine and we have also seen the downtrend from Feb to March 2020 as well. But now again it has recovered and rallied more than 1000% from down to top and if we calculate this rally from the maximum extent of the potential reversal zone to highest spike then it has surged more than 260% so far. The movement in the up channel and bullish signals: Now if we switch to the daily time period chart then you can be easily observe that from May 2020 to August 2020 the price action of OMG network was moving in a down channel. If we place the volume profile on the complete priceline moving within this channel then it can be easily noticed that we had very weak interest of the traders at the support and strong interest above the resistance of the channel. That was a very strong bullish signal. If we take a look at moon phases indicator then in July 2020 the new full moon was appeared at a very high altitude and big distance from the resistance of the channel that was another bullish signal.Tthe point of control of volume profile was also above the resistance but if we watch the new dark moon then it was appeared below the support that was signal for the downtrend. But if we take a look at the RSI oscillator then it was already in the oversold zone. Therefore we can ignore this bearish signal of dark moon because due to oversold condition of relative strength index and the bullish signals of volume profile this bearish signal was weak. And finally priceline followed bullish signals and broke out the resistance of channel. The SMAs and EMAs: Now if we place the different simple moving averages with the time period of 25, 50, 100 and 200 then the price action has broken out all these moving averages. At this time the priceline is getting retraced. Now there are two possibilities. 1. The price action may retrace up to any of these simple moving averages to use them as support because without the support of moving averages it is difficult for the price action of any asset to continue the uptrend. 2. If we watch the exponential moving averages with the time period of 10 and 21 then the price action is already at the support of these exponential moving averages. Therefore the second possibility can be that the priceline will use these EMAs as support and form a new up-channel from here. SMAs: EMAs: Conclusion: Even though the price action has broken down the potential reversal zone of bullish Shark pattern. But there was some bad market situation behind that, otherwise the pattern is still valid and my targets for OMG are remain the same that I posted last year as below: Buy between: 0.000604 to 0.000230 btc Sell between: 0.001079 to 0.001977 btc
OLong
by moon333
OMG/BTCOMG/BTC -OmiseGo just painted a bearish Lower High sign -And will likely to shift into a short term downtrend market -If the 4600 sat range will not hold, the next support is at 3958 sat -This level is a confluence of 0.618 Fib area and 50MA dynamic support -I recommend opening Buy orders only if Bullish signs are seen -Take note of the downward resistance acting as a short term barrier -Once OMG breaks this resistance line, chances of reversal are high -Be patient and wait for the right opportunity
O
by PolarHusk
2