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OMGUSD

OMG Network out of the downtrendOMG Network $omg looks to have completed its correction/consolidation from its target of 6.4$ dollars. Looking at the chart we can see it has completed a classic ABCDE Elliot wave correctional pattern and has broken out of its descending trendline from August, as well as an inverse head and shoulders pattern with a confirmed breakout at the end. I expect the fib levels in this chart to be tested in the coming weeks before breaking its local high going forward. The Prophecy is foretold the direction is long until future fib targets are achieved. Remember this is not financial advice, use this chart as informational only. Your friend. -Mystic
O
by MysticRekt
3
Elliott Wave Analysis: OMGUSD In A Correction Before HigherHello traders! Today we will talk about OmiseGO (OMGUSD) and its price action + wave structure from Elliott Wave perspective. Some cryptocurrencies were in a massive and impulsive rise since March and one of them is also OMGUSD, in which we clearly see a five-wave bullish cycle into wave A/1 on the weekly chart. We know that after every five waves, a three-wave pullback follows, so an a-b-c correction in wave B/2 could be already in progress, which can send the price ideally back to 50%-61,8% Fibo. retracement before the uptrend for wave C/3 resumes. If we take a look on a daily chart, we can see five-wave fall from the highs labeled as the first leg "a", so current recovery can be only temporarily, as part of a lower degree three-wave (a)-(b)-(c) corrective rise in wave "b" with ideal resistance around 5.0 - 7.0 area, from where we should be aware of another sell-off for wave "c" to complete a higher degree wave B/2. And ideal strong support, where bulls may show up again, would be around the previous wave "iv" swing low and 1.5 support area. Be humble and trade smart! If you like what we do, then please like and share the idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
OEducation
by ew-forecast
2
A Breakdown OMG!I honestly have no idea what this coin is other than one with a funny name but it is among the high market cap cryptocurrencies so I put it in my Tradingview signals alerts for potential breakouts. While the other big coins have experiences a nice run up BITFINEX:OMGUSD has definitely lagged. Now it is setting up a rather clean breakout of a consolidation according to my metrics. If it breaks the consolidation it will also be breaking the 50% retracement of 3.2394 which is the halfway point of November's price action. This should trigger a retest of the bottom. So if a trader is looking to hedge a potential selloff in the space this would be my pick.
BITFINEX:OMGUSDShort
by norok
OMG Short XABCD Bearish BAT 1. XABCD Bearish BAT Pattern in final CD move towards area shown in chart. 2. There is heavy historical resistance at this level too. Check the chart and draw your own resistance lines to confirm. 3. XABCD Bearish BAT Pattern confirms the heavy resistance possibility. 4. Make sure to set stop loss accordingly. 5. Speculative setup, please do your own analysis before trading. 6. I am not licensed to provide financial advice. Trade at your own risk! If you like this please give a thumbs up and follow me! Out - WineTrader888
KRAKEN:OMGUSDShort
by WineTrader888
7
Resistance levels between THIS breakout & measured target*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
OLong
by CryptoRush_
6
✳️OmiseGO/USDT (1/11) #OMG $OMG #OMGUSDTOMG had a bounce at the 2.75-3$ support zone, which is a good opportunity to buy OMG because it can rally to the 4$ and even 5.5$ zones this November. But if the 1D candle closes below the 2.75-3$ zone, the OMG will easily lose 50% of its value in a few days. 📈BUY- LONG Strategy - Buy close to 2.75-3$. Stoploss if B 📉SELL-SHORT Strategy - Sell: 4-4.25$. Stoploss if A - Sell: 5.25-5.5$. Stoploss if A ♻️BACK-UP Plan - Sell close to 2.75-3$. Stoploss if A - Buy: 1.5-1.75$. Stoploss if B ❓Details: Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
OLong
by CryptoStation
OMG Network (OMG) - October 24Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It rose with support at the uptrend line (3). We have to see if we can ascend above the 3.6802 point. A break above the uptrend line (4) is expected to touch the 5.0400 point. If it falls from the uptrend line (3), it is likely to fall below the 2.75 point, so it is a short-term Stop Loss. I think the 2.75 point or less is the bottom segment, that is, the mid- to long-term investment area. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
BITFINEX:OMGUSD
by readCrypto
1