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OMGETH

A trading opportunity to buy in OMGETHTechnical analysis: . OMISEGO/ETHEREUM 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 67. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.013600 to 0.012000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.013600) Ending of entry zone (0.012000) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.015000 TP2= @ 0.016550 TP3= @ 0.017700 TP4= @ 0.019340 TP5= @ 0.021610 TP6= @ 0.023870 TP7= @ 0.031190 TP8= Free
OLong
by ForecastCity
A trading opportunity to buy in OMGETHTechnical analysis: . OMISEGO/ETHEREUM 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 67. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.013600 to 0.012000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.013600) Ending of entry zone (0.012000) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.015000 TP2= @ 0.016550 TP3= @ 0.017700 TP4= @ 0.019340 TP5= @ 0.021610 TP6= @ 0.023870 TP7= @ 0.031190 TP8= Free
OLong
by ForecastCity
OMG - Nearing historic key support line - Great buyLooking at the daily chart for OMG, we can see that the price has been consolidating since its meteoric rise in Aug/Sept of last year. At the moment, it is approaching a key support line (white) from which it bounced off of in December. This support acted as the steadfast catalyst it needed to start its next run up. Could it happen again here? We'll see. We can see falling price action has led to a new low on the RSI at 21, however there is solid support on daily MACD, which may indicate higher prices to come. The price action currently finds itself in a falling wedge and is getting tighter and tighter. Of course this is all indicative on Bitcoin, so watch for the bounce. It maybe the bottom a its next big run.
by jpbrown1023
2
OMG is ready to make an entranceAs we can see, OMG has been stuck in a falling wedge and seems to me like an ABCDE correction. Rules of ABCDE correction dictate that there's a high probability of a breakout at termination point of Wave D. Lets not forget that there are not one, but two airdrops incoming for OMG in the near future. In short: We have Technical and Fundamental evidence to support a long position. While all other coins have rallied OMG has been coiling up in this wedge. Now the Viper is ready to strike. If we get a breakout the first target would be the highest point of the wedge for OMGBTC. Whereas OMGUSD should rally far more. Godspeed ___________________________________________________________________________________________________________________________ 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.
BITFINEX:OMGUSDLong
by ShounakShetty
3
OMG swing trade ideaOMG/ETH and OMG/BTC show similar trends. RSI, MACD look promising. VFI still in the bear territory - not much buying yet. I wonder if/when it gets a volume spike. So far slowly grinding up. Use a tight stop in case the bear scenario plays out. Although my bet is on bulls. The bear scenario isn't bad either - just stop out, wait for the double bottom, rebuy. If it goes up, the previous resistance seems like a good target - it was tripple tested in the last cycle. In that case, probably three waves up, maybe four (forth being double top?) Empty volume nodes above previous top level, so if it bursts above, it could fly very fast. Fundamentally, OMG is strong in Asia. It has good adoption there. I'd say good long-term candidate. Plus, the ticker is nice ;)
OLong
by easy-peasy-x
OMG! - Beautiful purple cup & handle for Omisego?!I was looking at the chart of OMG and I immediately saw this beautiful purple cup with a forming handle. The trend is sideways to downward for the moment (mostly downward), so that the handle can be formed. You can also see that confirmed in the MACD (death cross on the daily) and clear overboughtness in the RSI. This makes me to believe that we are likely looking at an almost textbook cup & handle, that shall have to retrace back up soon to the 195877 satoshi area. If that resistance area is broken, we are in for some serious upward potential. Next targets would be around 221670 at and 247463. BUT, we are not there yet, first expect some reddish candles to steal the show. Let’s stay tuned, watching closely from the sidelines.
by A_Cryptastic_Mind
3
OMGETH Bitfinex W – Broad Wave III?I am speculating that we are potentially in a broad wave III and mid-term wave 3 in OMGETH (Weekly chart). Price ran from 0.0021 to 0.045 in wave I gaining 2000%. Then retraced to 0.0124 in a wave II. Price reversed from there and completed a minor wave 1 and 2 (part of wave III) and recently started its wave 3. If I am speculating that wave 3 is part of wave III and wave III can go to at least 1.618 extension of the first bullish swing and considering that wave 3 cannot be the shortest most likely wave 3 can reach the previous ATH which is actually approx. the 2.618 extension of wave 1. Then wave 4 and wave 5 would complete the broad wave III reaching 1.618 level of current ATH. There are some nice fib overlaps: Wave II retrace went exactly to 0.236 fib of first broad bullish swing (wave I). Wave 1 top overlaps with 0.382 fib of wave II approximately. Wave 2 was 0.382 correction of wave 1. 1.618 extension of wave 1 overlaps with 0.618 of previous downtrend (wave II). 2.618 extension of wave 1 approx. overlaps with ATH. 4.236 extension of wave 1 overlaps with 1.618 extension of wave I. In addition the downtrend line that connects wave I and wave 1 tops has just been broken with a current bullish candle (still 2 days to close). RSI is above 60. Volume is low though – an increase would be needed. I have been entering during wave II at 0.0185 and 0.0205 levels and in wave 1 at 0.0155 and so I am hoping to have this played out nicely. These are only my personal views and is not trading advice. Please do your own research and trade carefully!
OLong
by drgorogbalazs
2
OMG/ETH is gearing up for a parabolic move to ATHsHere is a simple chart showing the route that I think OMG/ETH will take in the next two weeks. The ATH for this pair is around 0.045 and I think we're seeing a parabolic move back to those levels (and beyond). I believe the value of the OMG project was priced into the initial climb to ATHs back in August and September 2017. After a large correction back to ~0.011, the project's vision is coming to fruition and we're getting very close to a functioning DEX, POS validation, and the recently announced "hard spoon" with the Cosmos network. I've decided to stick to the actual announcements that have been made, and not price in some of the rumors that have been floating around. If even one of the rumors that are floating around reddit and telegram happen to be true, go ahead and disregard this chart ( because a Coinbase addition would make any coin triple in value ;D ). There are several key resistances on the daily chart where I think we'll see brief consolidation, but I'm very confident that at least a few of the daily candles will resemble those on the initial climbs back in August. If you're curious, the single largest increase in price of OMG/ETH in a single day was on August 10, 2017, where the ratio rose from 0.0115 to 0.02 (~73%). To put this into perspective, on April 14 we opened at 0.0238 and the daily high reached 0.0375 (~57%). The buying pressure is building and we're starting to see an increase in trading volumes on the daily as well. It's only a matter of time. I published my swing trade setup for this pair last week and it's turned out to be very profitable. We still have at least another 50% to climb from where we are now, and I believe its going to happen in a hurry. Of course this is crypto and anything could happen, so these wild ideas I have are for entertainment purposes only. - Peace -
OLong
by SlumcoinMillionaire
OMG/ETH Crystal Ball hasn’t failed me yetThese last couple of weeks have been great if you’ve been following OmiseGO. There hasn’t really been any deception in the OMG/ETH chart and the swing trade I opened last week has developed perfectly up to this point. I’ve closed 20% of my initial position at 0.025, and my second sell order for another 20% closed at 0.0285 in the middle of today’s rocket of a green candle. The third 20% closed near the top of the candle at 0.034. I’m expecting a retrace/consolidation back to the 0.025 level before our next big move towards the 0.038 level where I’ll close another 20%. The last 20% will be a dynamic trade that I plan to develop once we receive news of the Cosmos OMG airdrop. I try to rely on prominent historical resistance and support levels, but I’m really only relying on speculation of how high this could go in anticipation of the “hard spoon”. I’m not going to rule out closing the last 20% of my initial 0.0225 OMG/ETH position around the 0.06-0.065 levels. We’re in for a fun April and May OmiseBros. - Peace -
OLong
by SlumcoinMillionaire
4
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.
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by ant187
OMG is about to MOON on news of HARD SPOON!The bull flag trade I initiated last weekend is starting to play out perfectly! With the announcement that the hard spooned Cosmos OMG tokens will be tradable and stakable, I believe that people will be FOMO'ing into OMG to essentially receive double the tokens. There will be an announcement 2-weeks prior to the airdrop snapshot, and OMG holders will have to withdraw their tokens off of exchanges to wallets where they own private keys to receive the airdrop. I will be trading this news and anticipate a SHARP increase in OMG/ETH over the coming weeks. My average buy order for this position was 0.0225 and I just sold 20% at 0.025. My plan is to take profit on 80% of the position at several key levels. Once the 2-week countdown starts, I'm going to try to sell the remaining 20% at a premium to a straggler trying to FOMO into the airdrop. Am I a shitty person for this? Maybe. Do I think I can capitalize on people's fear of missing the boat? Definitely. 20% sold @ 0.025 20% sell order @ 0.028 20% sell order @ 0.034 20% sell order @ 0.0385 20% sell order @ moon - Peace -
OLong
by SlumcoinMillionaire
OMG/ETH Bull Flag Swing TradeAfter further analysis of the Bull Flag chart that I posted yesterday, I have decided to place a buy order at 0.0205 for a swing trade on OMG/ETH. I believe that there is pent up demand and interest around this project that will lead to a parabolic increase in price once more information is announced regarding staking, partnerships that are currently under NDAs and plans for on/off ramps for fiat-crypto. Based on OMG's roadmap as well as updates that I've been following on Plasma and their SDK, my three-month upside target for this position is 0.08 OMG/ETH and I believe that fluctuating ETH/USD prices will have NO effect on its trajectory . I plan to take profit at 3 key support/resistance pivot points of 0.025, 0.0325 and 0.0385. I will set a tight stop-loss at 0.01985. On a side note, I don't intend to exit any of my other positions or add fiat to make this trade. Instead, I've decided to collateralize a good portion of ETH into MakerDAO's smart contract CDP system, draw DAI and use it to buy the ETH that I'll use to purchase the OMG. I can't get over how cool it is that I can collateralize my crypto assets on the blockchain and extract value to use for growing my portfolio. Once BTC makes a bullish reversal and the entire market heads back towards ATHs, I plan on collateralizing more ETH and swing trading on margin. 2018 should be full of surprises in this ecosystem, and I fully intend to make money on these emerging technologies. **full disclosure--I'm long OMG and have maintained a position since Fall 2017. This trade is set up for short-term profit, and I don't intend to touch my long-term OMG holdings for at least 2-3 years. - Peace -
OLong
by SlumcoinMillionaire
OMG Bull Flag & Ascending WedgeOmiseGO Community is anticipating news next week and has been holding its ETH ratio in a very bearish market. For these reasons, I remain bullish in the short term and plan on trading this pair. If there are any announcements of partnerships that were previously under NDAs once their ewallet SDK goes live on Honte, I plan to play a . Look for a bullish break out sometime leading up to the upcoming townhall meeting on April 4. BTC and ETH can do what they want, OMG is about to go up. - Peace -
OLong
by SlumcoinMillionaire
OMGETH Fib Fan PredictionNew idea on OMGETH. This is roughly based on my last post, but this time with much more detail (and usable math, to boot). I was struggling for hours to pinpoint where the resistance and support lines were coming from in this pattern, and finally discovered that the Fibonacci Fan fits quite perfectly into the pattern, with clear support and resistance tests on the price line. - Each of the 4 downtrend waves are 5 Fib lines long, and at the end of each of these downtrends, the price violates the 5th line and bounces back (marked in red circles). - The peaks of each of these downtrends are 2 Fib lines apart (the blue triangles). - The green box is the target for the next peak. - The gray box is the target for the lowest point of the 5th downtrend wave. - Every breakout has a +70 double-peak on the RSI. We currently have a single peak, so a continuation of this pattern would show another peak in the next 48 hrs, roughly. I will try this on the similar patterns I noticed in BTC next. Cheers! -B *This is not advice to trade.
OLong
by befunkt
1
OMGETH LongAbove each of these trends, the price breaks upward, and draws a short consolidation before spiking upward again. The red boxes highlight the points of consolidation. Seems like we are at the end of one of those consolidations right now. If the pattern continues, then we can expect a bull run of about 18-22%. Cheers! -B *This is not advice to trade. You do not want my advice. If you want to selectively forget that you saw this post and then rediscover it on your own, then by all means, go for it! But don't trade just because I said so. :)
OLong
by befunkt
1