OMGUSD. Uptrend. Bull Trend
We continue the analysis of cryptocurrency tokens. At this time, we pair OMGUSD. The trend is bullish. Rising Pitchfork, as accurately they describe his movement. At the moment, making a flag to wave 2. The trend has just begun. The goals are described in the chart. Breakthrough Vil will have bad consequences, but now that the danger is minimal. I think the wave will not reach the low of wave A of correction. Therefore it is already possible to buy
OMGBTC
disclaimer: relatively new to charting...shorting $OMG hereran stops resting above it, long wicks = price rejection of higher levels, long bullish candle gap not filled in, volume weakening.....
OMG alternate view Previously had a good play even did not manage to catch the whole bullish market but yet is still a good RR set up for me. Now due to the bull run and stop at the HH level make me have a certain view on this may have one more wave of correction to complete expanding triangle before next bull run.
TA:
-either break the high for further bull
-break the RSI trend I will looking further correction to correct the last wave of E before next BULL run
What your taught???
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OMG -- Up to 48% Profit --Buy: 1300-1340 <===
===> Sell Target 1: 1470 (Profit 11%)
===> Sell Target 2: 1610 (Profit 22%)
===> Sell Target 3: 1840 (Profit 39%)
===> Sell Target 4: 1960 (Profit 48%)
X Stop Loss: 1200 X
OMGBTC - Wait for refuelTools used:
Bollinger bands
CM Super Guppy
Chande Momentum
Far out of Bollinger bands, expecting heavy retracement back to possibly 0.5. Guppy trend shows that this would not be a good buy right now. But could that be a factor that should be ignored if this was an accumulation phase?
Scaling in orders from 0.001249 makes the most sense, perhaps higher, as the top wicks on the past three daily candles doesn't show confidence in a continuing trend. Possible FOMO stop limit order at 0.001750s if the bull flag confirms.
Momentum looks great on the daily but is bearish or indecisive on lower time frames.
OMG/BTC Elliot Wave done with retracment?OMG has had a huge 50% move up and then dropped more than 20% in less than 48 hours. How is that for volatility! Have the bears finished their work, will the bulls resume? With the huge run up to 2066 stat yesterday it completed the larger degree wave 3 (blue) and started the retracement downwards. The retracement hit the golden pocket (yellow box), will it hold at these levels or does it have another run to the down side?
Will need to keep an eye on this one to see if this is the low is in. But to me we are still on track for a bull run to complete the larger Elliot Wave 5
Note: This analysis is just for entertainment, do not use it for trading purposes and understand there are high risks trading crypto currencies.
#OMG #BTC - Current support will determine next direction. OMG has had a nice run. My largest positions are still open. If support breaks (shown on chart), we will have the opportunity to buy lower. If the current support hold, I am confident we will see another leg up. In the latter instance, I'll add another position.
Note - the current support is significant. This price level has dictated resistance and support at various points in the recent and more distant history of OMG. The support also marks the current Kijun position on the 4 hour time-frame.
Scenario 1 - Bounces of the above-referenced support = I add new long position.
Scenario 2 - Support breaks down = I confirm, sell a portion of current positions and look to buy back at lower cost.
DYOR. Not financial advice. Good luck.
Oh My Gosh OMG!!!!Just want to make a short post. I'll present here the daily chart. Price broke above kijun and cloud while also showing a possible TK cross. Extremely bullish in my opinion because OMG, I believe is one of the few cryptos to have a kumo breakout on the daily!!!
Added here is the 4 hr chart. As you can see, price is above the kumo but we already knew that from the dailies. What we're after here is the short retracement to the kijun-sen. We can see that price refuse to go down below. So for all of you guys who were late to the party... this would be a good time to buy seeing that OMG also has other good stuff in store for us in their roadmap c:
OmiseGo big volumeCoin of the day is OmiseGo.
OmiseGO is an open payment platform and decentralized exchange working on a base of Ethereum technology. The OMG network is a scaling solution for the finance sector, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure.
Token OMG is one of the highest by the market cap ER20 based project in the world and was the first Ethereum based project to exceed $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and designed by the creator of Lightning Network and Plasma, Joseph Poon.
Latest News
On April 10 announced about Dai and OMG Collaboration.
Technicals
After the last review, OMGBTC showed significant growth, broke above the Bearish Trend Line and 100-days EMA. Today noticeably large volume was traded through the coin and dragged the price above the 0.0016 level to the 0.0022 high. An overall bias of the coin looks like a strong reversal pattern and beginning of new growth cycle. Now the OMG went into correctional movement after the upward impulse, and if the price holds above the newly formed Bullish Trend Line, we could expect further upward development. A breakthrough above the 0.002 - 0.0022 will open the way to next maximum at 0.003 level.
OMGBTC: Double Bottom Formation CompletedWhen a chart forms a "Double Bottom", the price should go up as much as the height of the triangles.
Target: 0.00171 BTC
Not an investment advice, please do your own research.
OMG/BTC Potential buy setupGood afternoon all,
Today I'm looking at OmiseGo.
I'll be monitoring this closely, as ETH continues to rise, expect ERC 20 tokens to rise with it.
What I'd like to see before purchasing is a high volume breakout of the resistance zone I've highlighted.
Key Notes:
1) If 1425 is broken with high volume, I will be looking to enter long until 1620ish, these targets will change as the market does.
2) RSI is currently approaching bullish zone.
3) Resistance zone is 1386 - 1425, this need to break with high volume for any potential purchase.
As always, if you find my information helpful, please support me by hitting the like and follow button.
The most obvious trade you can makeHello guys,
OMG is the only coin that hasn't rallied yet, and for a very good reason. It was a whitepaper coin with nothing concrete. The game has changed now, OMG is working on becoming one of the biggest crypto currency in Asia.
Now, more than ever, I am very convinced about it going up really high.
Fundamental news :
- A fork is incoming. They call it "hardspoon", but basically, OMG holders will be airdropped 1/1 ratio a cosmos coin. We have seen the effect of such forks on lesser impactful coins such as zclassic and ethereum classic. We have seen the effect on NEO/Ontology, and Monero.
This is a no brainer, like every fork, this will go up massively, and right now it hasn't, so it's the best place to buy.
- Massive South korean partnership signaling that Omise GO not only now will operate in Thailand and Japan, but in South Korea as well. Ripple's market cap reached 80 billion, now it's no longer far fetched for OMG. Banks don't really partner with non serious projects. Omise is an already established payments company, and their OMG project is incredibly ambitious, and their project is ahead of schedule.
From a fundamental point of view, I warned you and have been warning you for ages, on twitter. OMG will be the next coin to do the Ethereum rally to 20-30 billion market cap.
From a trading point of view:
- We have seen a confirmation of a trend reversal, these are usually signaled by massive pumps and dumps, and higher lows and higher highs. Right now, it's correcting from the massive pump to 0.00142 satoshis, I predict that it will drop to 0.00129 before a next rally to the next fib level.
I bought some OMGBTCLooks like will be breaking out of the wedge soon
Bullish macd
bullish rsi divergence
on a daily chart its sitting on the support
hovering around the 0.5 fib levels
OMG long ideaMy previous analysis is shown completed with truncated C wave completion.
Technical Analysis :
-5th of C wave completed
-Channel break
- H4 RSI divergent
- Daily AO showing bullish sign
- Great Volume
Fundamental Analysis:
-OMG Forking / Spooning
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
OmiseGo will rise with EthereumCoin of the day is OmiseGo.
OmiseGO is an open payment platform and decentralized exchange issued on a base of Ethereum technology. The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure. Its token OMG is one of the highest by the market cap Ethereum project in the world and was the first Ethereum project to exceed $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and is designed by the creator of Lightning Network and Plasma, Joseph Poon. On 28.02.2018 the team opened publicly SDK and eWallet repositories.
OMGBTC peak formed at 12.09.2017 close to the 0.0033 BTC, after that the coin went into recession. Downward movement stopped at 02.12.2017 on the 0.00045 BTC mark, and the uptrend emerged. Currently, OMG is trading in the lateral correction pattern to the 02.12.2017 - 28.02.2018 uptrend, and recently showed rebound signs, which could be pointers on the end of the correction and beginning of the next growth cycle.
OMGBTC is drawing a rebound pattern from the 0.0012 level; high volumes supported the upward impulse. From the downside, 0.0012 and 0.00115 levels will serve as a support for the bullish scenario, if the price will drop below these levels - correction/downtrend scenario should be considered. From the upside, a breakthrough of the 0.0014 level and 100-days EMA will confirm the uptrend scenario.
OMG-BTC SIGNALWe got Divergence and it's looking good to buy.
keep maintain money management in all trades.
Thank you
Bargain OMG coming soon?Although OMGETH seems to be back on the up. The same cannot be said for ETH and BTC in the short term.
There is a large (bullish) falling wedge with a potential ABCDE triangle inside. It may be possible to scoop up some OMG for $4- $5 in the coming weeks before we break out of the triangle.
I for one will have a buy order sitting there just in case it happens while I'm sleeping.
Good luck trading! :)