OMGUSD
OmiseGo Price Analysis OMG / USD: Nomura To The RescueFundamental Analysis
OMG has gained bullish momentum after its parent company announced an investment from Nomura Holdings, a Japanese investment group. The investment should support ongoing development for OmiseGo and other platforms under the company’s wing.
OmiseGo / USD Short-term price analysis
OmiseGo has a bearish short-term bias, with the cryptocurrency trapped below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that the OMG / USD pair is trapped within a neutral triangle pattern, with bulls pressing against key trendline resistance.
Technical indicators on the four-hour time frame are bullish and continue to issue buy signals.
Pattern Watch
Traders should note that a test of the OMG / USD pair’s 200-period moving average seems likely if a bullish triangle breakout occurs.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish and shows scope for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal.
OmiseGo / USD Medium-term price analysis
OmiseGo has a neutral medium-term trading outlook, with the cryptocurrency testing towards its key 200-day moving average.
The daily time frame is showing that OMG / USD bears have successfully invalidated a bullish inverted head and shoulders pattern. The mentioned time frame also highlights that price is trapped within a triangle pattern.
Technical indicators across the daily time frame are bearish and continue to issue sell signals.
Pattern Watch
Traders should note that the invalidation of the bullish pattern on the daily time frame is a significant technical development.
Relative Strength Index
The RSI indicator is also bearish on the daily time frame and shows scope for further downside.
MACD Indicator
The MACD indicator is bearish on the daily time frame, although it is extremely oversold.
Conclusion
OmiseGo may test back towards its 200-period moving average on the four-hour time frame if bulls can breakout from the neutral triangle patterns across both time frames.
The medium-term outlook for OMG / USD pair is weakening after the bullish inverted head and shoulders pattern on the daily time frame was successfully invalidated.
OMG its bottomed out. 900% PP to previous highSo while everyone or most people right now are fixated on bitcoin and its momentous (and it is momentous) 4x over the past few months, it seems that everyone has forgotten about the alt coins.
Personally, I've been eyeballing the altcoins right now and I cannot find a more suitable position to begin accumulation of the coins you want right now.
OMG is just an example, but if you take up any many of the other altcoins right now they all look very similar but this is one of the reasons why I'm loving where one of my favourite coins are sitting right now.
1) traded well and into the weekly Bullish OB (marked out with a green box)
2) weekly RSI 9 and 45 moving averages have crossed suggesting beautiful momentum change.
3) RSI "bowling out" especially on the WEEKLY timeframe as well. looks fantastic.
4) I'll attach an image of volume from coinmarket cap, but there is massively increased volume around this area, suggesting large amounts of accumulation is happening
5) 2 Weekly RSI, RSI touched 40 and is now progressing away from it. This suggests to me that overall that this coin is very much bullish since bullish RSI ranges from 40-80(+) I'll add an image containing that image too.
Did you miss out on the hype train last time?
We waited almost 2 years for this.
The time has come and I intend to fully capitalise on this.
Timeframe over the trade will most definitely take time. I'm giving this 1 year to play out.
charts.cointrader.pro
Omisego is heating for a nice breakeout.Hello.
As we can see,OMG is also in a huge accumulation zone same as Icon,same as Tron was.
RSI on weekly is above 50,bull territory.
I would try to get into Omisego around 1.85~1.90$
Stop Loss 1.70$.
Let's hope the moment bitcoin corrects,it doesn't drag all alts down with it hard.Except hope,we have Stop losses. BINANCE:OMGUSD
OmiseGO: 6 Hour Timeframe Chart PatternsConclusion for today's OmiseGO price prediction: A close above ~2.51 favors a bullish bias.
The 6 hour timeframe of OmiseGo (OMGUSD) is presented with primary focus on the current bullish price channel (tentative). Bullish trendline in OmiseGo since February 06, 2019 has seen successfully provided support with price and also aided in construction of the channel.
The bullish swing in price up to a price peak of 2.5353 has been followed by meandering price action for more than 4 weeks. Also indicated is the current region of immediate support and resistance for Omisego.
A break below 1.5608 implies an increase in bearish strength. A break above 2.51 on the other hand favors more upside and continuation of current trade. Price closing above the upper boundary of channel providing additional evidence for a bullish bias.
OmiseGO (OMG/USD) - Approaching Technically a Good AreaTechnically a good entry level should be around $1.5:
- The trendline from the bottom start to act as a support
- Fibonacci retracement/golden ratio 62%
- Previously worked strong price level
- The round number $1.50
From a technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
OMG/USD - Day chart - Potential +260%i've had to revise the OMG count from the previous idea. we now have a completed 1,2 on the day and sub-waves 1,2 of the 3rd.
if you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
OMG Bullish Shark Pattern - HarmonicsOmiSeGo
I have been patient, waited from November to see it reached below 240 sats, to be exact 230 sats was the buy, which was exceptionally our bottom.
I do expect this pattern to act fully and as my understanding goes, this can be a signal that the ALT coin marked has bottomed - #long!
OMG go go go ... have we had our final low of the year ??? OMG really is an amazing project and they have stayed off the radar and -- been very quiet in the bear market -
they don't announce things unless necessary ....
but they working behind scenes like crazy .... and things are really developing --
it certainly has come down a long way
as of today feb 13th 2019
OmiseGO Price $1.14 USD
Market Rank #30
Market Cap $159,863,939 USD
24h Volume $32,824,454 USD
Circulating Supply 140,245,398 OMG
Total Supply 140,245,398 OMG
Max Supply No Data
Yesterday's Open / Close $1.15 USD / $1.16 USD
Yesterday's High / Low $1.17 USD / $1.13 USD
Yesterday's Change +0.005634 USD (+0.49%)
Yesterday's Volume $35,769,001 USD
2019 -- lets stay above 300 sats and move up up and away !
the team is strong and deep !
fresh off amazing presentations at binance week last month !
they are currently still hiring and have been during entire bear market !!!
The new year started off strong with a new iteration of the internal testnet -- they call it PLASMA
they have become transparent in every way -- they now publicly show all internal wallets and funds -- so we see everything that goes on behind scenes (a solid team that used the funds wise)
- "Ewallet" and "moreVP" both in action ....
- exploration into possible technology applications with ShinhanCard has borne fruit. After months of collaboration with OmiseGO, the Korean Finance conglomerate demonstrates a cross-border PoC with the aim to expand the acceptance of ShinhanCard’s loyalty program to international markets and enable borderless interoperability -
****** This demonstration shows the first ShinhanCard transaction using OmiseGO ********
if we can keep above 300 sats .. and start our trend to 450 sats and then 600 sats and beyond !
if you would like to start accumulating here its a good place but no confirmation yet so please keep tight stop loss -- maybe about 288 sats ...
still have a few days before you need to purchase -- we will go down a drop but will pop back up as the RSI adjusts .... right as I post we heading down a drop -- but should remain above 310
namaste
OMISE GO SAY HI ANOTHER NEW LOWOMGBTC NOTHING TO SEE MUCH HERE, IF PRICE CONSOLIDATE AND BREAK UP THAT LINE OK OK I'M BUY
OMG Possible SenarioOMG is one of my favorite white paper models and the potential of this business model can be astronomical if it is done right. Based on the present analysis of the long term charts it is possible for a substantial run very soon Especially if Bitcoin continues on its present upward movement. See the Attached note for additional details.