OMGBTC Trade OpportunityOMGBTC is in an ascending channel.
MACD squeezing -> bullish
RSI bottoming out -> bullish
at ascending channel support -> bullish
Omglong
OMG! OMISEGO GO GO GO! OMGBTC OMGUSDGreat chart formations on the OmiseGo markets.
Buyers that would like to speculate on the OMGBTC market will have to make p their minds soon.
We have a very nice bull flag forming here and we can see that the market has made a very nice cup on the 1 Day candles.
These kind of situations usually lead to very nice breakout trades on the crypto markets.
We can see the price moving between the support and resistance as it is correcting before the next move up.
Unless we see some major BAD Fundamental News for OMGBTC, this might be the last time see these prices.
On the bear side should support fail we will most likely see a very nice bounce back into the support zone. Safe trades.
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OmiseGO OMG Forecast - January 2018 Sale!art shows how BTC's bleed dragged OMG coin down with it. OMG is currently trying to hold support level at 140,000. That support has already been broken and fib retracement (not shown in chart so as not to clutter) suggests next support level at 130,000. Hence it would be wise to place some orders between those levels.
Once BTC recovers, a reversal is expected and a bullish trend to form and potentially reach the flag targets in the coming days.
RSI: Oversold 35%
Events:
18 January 2018 Jun Hasegawa will be explaining OMG future plans
This is not an invesetment advice, always do your own research!
OMG - Another Cup FormationOMG has formed another cup formation. I published a chart on Dec. 31st showing that OMG had formed a nice cup shape. OMG went on the form a Cup and Handle formation which it broke out of on Jan. 7th.
IMO OMG will break out eventually, it could be soon or OMG may continue sideways to form a handle.
OMG - Possible Breakout?OMG looks to be setting up for a possible breakout to new all-time highs. OMG has formed a nice cup formation and could be in the early stages of forming a Cup and Handle formation.
I am looking to add to my position (which I should have done yesterday) so now I will add on any meaningful pullback.
OMG/BTC Long Entry Looks like OMG is finding support and has been in consolidation for quite some time.
There has been some accumulations of large amounts of OMG as shown in the volume.
Entry at .00081-.00076
Stop Loss: Pay attention to the last support levels at .00065 and .00060, I am doubting we will reach this point.
Some very big potential gains here for OMG, any news will shoot this crypto up!
This idea is based solely on technical analysis.
Happy Trading!
$OMG - Accumulation Periodit's time to start accumulating $OMG
OMG has been holding up great support even with BTC's bullish runs.
-With higher lows, slowing climbing the bottom of the support trend line.
-I drew out the projections of the EMA 20 & EMA 55. on the 1 Day chart.
-When both EMA's cross, it will be a confirmation for a new bullish trend.
First targets are marked as resistance, currently sitting on the buy area. .
Practice safe swing trading within the ascending triangle.
chinatown price line marked in chart.
OMGBTC - Short term trade available Very simple and plain trade, with clear target and stop loss available.
BUY at current levels with averaging upto 0.00180.
Targets should be 0.002, 0.0021, 0.0023, 0.00243 and possibly 0.00265
Stoploss just below the red horizontal line around 0.00165 area
Happy trading :)