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OMGUSD

OMG Network (OMG) Trading Setup & MomentumWhat Is OMG Network (OMG)? OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network. The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of. The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards. Latest news: 3 December 2020 Investment firm Genesis Block Investment (GBV) has announced the acquisition of blockchain platform OMG Network. This development was revealed in a press release on December 3 and would bring new changes to the OMG Network ecosystem. 19 Mar 2021 Varna – Plasma's Privacy-preserving Exchange – Public Beta imminent Quasar – Plasma's Fast-exit Solution – Awaiting Smart Contract Audit Hashcast – Public Beta available! Reasons of trade: Old project I'm following since 2017, always solid and serious. Everything I'm posting is a serious project and had a lot of research before any analysis on chart. Trade valid as long as S3 holds. Current closed trades (with success!): Chiliz Digibyte BAT SC #1 SC #2 SC|BTC StormX Perlin For details comment at any time! Don't forget to like and follow if you find this helpful!
OLong
by Chartomatic
3
OMGBought some OMG with my stock market profits. I think we have a seriously wrecked alt coin that will play catch up to BTC whenever BTC.D reverses down towards 40%. When is that? Don't know for sure but my spider sense tingles pretty much daily now as BTC approaches my $75k TP. I think once BTC hits that TP (or even $82k) we should get an Alt season of epic proportions. So timing a perfect entry is almost impossible & the alt coin market cap looks very strong. I decided to buy at $5.20. I can handle a possible correction action back down to $4, I just won't sell because I know that up only is the way heading forward and bears just keep getting small wins the bulls control the space now until they don't. Not to sound completely BullTarded here but the BTC fib extension is currently headed towards 3.618 at $72k with a very possible over shot due to momentum. If my theory is correct then when altcoins due catch up to BTC during the crash in BTC.D the alt coins will hit that same fib extension level. For OMG that level is around $230-$245. Anyway good luck guys.
OLong
by Big_Mike716
1
OMGUSDT (OmiseGO) - BUY ENTRY ANALYSIS 🔎 - OMGUSDT brokeout above the double bottom neckline resistance. - Price hit a swing high and retraced. - Price retested the neckline resistance (flip horizontal support), key fibonacci retracement levels (0.5 - 0.618 - 0.786), and the ascending trendline support (ATS). - There's a relatively high concentration of buyers at this retest zone (High buying pressure). - The retracement was resisted by the descending trendline resistance (DTR). - Price brokeout above the descending trendline resistance (DTR). - This is a bullish signal. BUY ENTRY ⬆️ - Market price (now). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - The ascending trendline support (ATS) is acting as a dynamic support. - Breakdown below this trendline support could be an invalidation signal. - The previous swing low (S2) could be used as the last validation level.
OLong
by Chibuike_Odoh
OMG possible 160% incoming OMG making moves! We have a breakout of the ascending triangle with an initial target of $6.11. On a larger scale we can see a giant cup formed we can only assume this will be the handle... and anticipate a retest of the neckline. If the price is able to push through the resistance around $7.74 we will see continued momentum to the measured target of the cup which puts it around $13.16. Short term targets: Target 1: 6.11 Target 2: 7.74 Target 3: 13.16 OMG has a lot of developments on the horizon and a low circulating supply. I see the price going much further than these short term targets. Feel free to leave any feedback or questions you might have Thank you and have a wonderful day!
OLong
by RichardMilk
7