OMG accumulation updateWedges evolve, they are never stagnant.
In this case, OMG is still in accumulation. but sell volume is dropping.
We can see OMG go sideways a bit longer...but to see some upwards price action, we must break through the 9ema, the wedge, and a monthly level.
OMGUSD
OMGUSD: The impossible sell target is close to being accomplisheThe first TP = 2.6561 has been hit and OMG is even near reaching our final 1.4942 target, which seemed impossible some months back. Needless to say the price broke the previous Rectangle and re-entered the 1W Channel Down (RSI = 32.200, MACD = -2.084, Highs/Lows = -1.0815, B/BP = -2.6173) which can extend for a Lower Low as low as 0.7727 (monthly SMA200). Once our last target is achieved, our long term sell strategy on Omisego will be completed and we will wait for a clear bottom (at least 3 sideways/ bullish monthly candles) to be formed, before we engage again.
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OmiseGO [OMG/USD] Risky Trade Opportunity!Hey!
Those who just can't wait and those who want to make trades on the risky market then here is a possible trade opportunity.
Technical trade criteria:
1. Round number $2.5
2. Trendline should act as a support
3. 50% from the current top
4. Fibonacci extension levels
5. Different timeframe RSI Divergence
It should make a pretty good profit but currently the market situation is a bit risky (BTC' shows some small signs to make another leg down, at the moment no clear confirmations) so maybe You want to wait a little bit or starting the laddering tactic.
Targets are on the chart - arrow top points!
Hopefully, this analysis helps You out a little bit to confirm Your own!
Please, don't forget to LIKE!
Have a nice day!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
OMG long term bottom? OmiseGo, Part 3My previous analysis:
Previous analysis i showed a few signs, indicating the possible weakness on the short term, which got confirmed quite clearly eventually. It was a good example of a better safe than sorry situation. It bounced up twice exactly from that support area i showed and so far it has been moving up slowly.
I am going to try and trade this one, risking a tiny amount at the start and having a potential big win. How? well let me show you. I want to see a small drop again towards that trend line and green support zone , there i will buy a small amount and use that red zone below it as a stop loss. So if this fails, it will only be a small loss. If that plays out and we start to see the market move upwards, i will increase the size when we break that first red resistance zone and increase it even more if the second one breaks as well. While i increase, i move the stops higher as well to keep the same risk.
The daily candle looks quite good now, but still very low volume so we need to see more conviction from buyers here. The volume will probably start after the second red zone breaks.
Depending on your type of trading, you should choose if you look on the left or the right. Because looking at both shows you a lot more noise and makes things more complicated.
Most important factor in this whole idea is the following: The higher lows pattern The whole analysis (since part 1) has been based on this assumption. This pattern needs to hold. Second factor is the bullish wedge, that one gives more room to the downside, but if the higher low pattern breaks I won't be hoping for the wedge to work out.
Volume is dropping during this drop, showing there is not real selling pressure (or there are no buyers for sellers to sell in to :), in crypto it can be both). Anyway, for the bullish versions to succeed, we need to see that volume increase again.
Please don't forget to like if you appreciate this :)
Previous analysis:
OMG OMiseGo Can gives You in Long Term 550% Profit !!OMG Coin on the Support Levels Making Expanding Triangles OMG Can Gives More than 5x Profit in a long term period becoz this Coin Complete his Bottom and now doing retesting to Fly in The Sky.... !!
Buy Zone 0.000500 - 0.000525
Sell Zone - 0.003000
if You Bought This Coin For Long term then Dont use Stop loss.. !!
Let See What Will be Next Move , i hope that Price can fly from the Buying Given Price....
Share Your Opinion in Comment Box.
if You Satisfied With My idea Then Dont Forgot To Hit Like .
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
ThankYou....................!!
OMG long term bottom? OmiseGo, Part 2Previous analysis i showed a few signs, indicating the possible weakness on the short term, which got confirmed quite clearly eventually. It was a good example of a better safe than sorry situation. It bounced up twice exactly from that support area i showed and so far it has been moving up slowly.
I am going to try and trade this one, risking a tiny amount at the start and having a potential big win. How? well let me show you. I want to see a small drop again towards that trend line and green support zone, there i will buy a small amount and use that red zone below it as a stop loss. So if this fails, it will only be a small loss. If that plays out and we start to see the market move upwards, i will increase the size when we break that first red resistance zone and increase it even more if the second one breaks as well. While i increase, i move the stops higher as well to keep the same risk.
The daily candle looks quite good now, but still very low volume so we need to see more conviction from buyers here. The volume will probably start after the second red zone breaks.
Please don't forget to like if you appreciate this :)
Previous analysis:
OmiseGoOMGUSD
Breakout the triangle resistances. Important resistance level is 38.20%Fibonacci, main target for this trade is 50%Fibonacci.
OmiseGO Bull Trend Has Started According to Tom Demark CountOmiseGO closed a green 2 candle on the daily chart which is a clear buy signal according to Tom Demark count. Stoch RSI has room to go up. I expect the price to move upwards up to 7 days.
Here is my trading idea:
Buy: 521 - 530
Sell targets: 536 - 550 - 567 - 607 - 666
Stop loss: 498
OMGUSD: Still sideways until the Rectangle breaks.The 2.9590 - 3.8740 Rectangle remains valid (ADX = 33.882) but on increasing bearish bias (MACD = -0.046, Highs/Lows = -0.0418) indicating that a support break out is imminent. Until that happens of course, every spike towards the 3.8740 is a short opportunity since the long term trend remains bearish on 1W (RSI = 36.187). We remain bearish on Omisego with TP = 2.6561 and 1.4942 (long term).
OmiseGo analysis: 6 hour timeframeThe 6 hour timeframe of OmiseGo is presented in this analysis with price action from August 17, 2018 to current date. ~$3.84 and $2.99 have marked a horizontal barrier for price action since September 19, 2018, with $3.84 acting as a ceiling for price and $2.99 as support area.
The width of the pattern best described as a rectangle bottom pattern is indicated and taken as $0.85 ($3.84 minus $2.99). A successful breakout above $3.84 or below $2.99 should provide a $0.85 move as a minimum expectation for the price of OMGUSD i.e. projection of ensuing move following a successful bullish or bearish breakout.
OMGBTC: Making a strong bullish case Technical : OMGBTC after losing 83.21% from ATH is finally showing signs of a bottom. Not only that, we can also see textbook accumulation pattern. It seems for 48 days we have been in a tight range. At first the bottom was formed following which a breakout attempt was made which failed. It proceeded lowers for a liquidity tap by taking out all stops below the previous formed bottom. From the middle of the range we dropped down to the bottom of the range where we seem to have found support.
Relative Strength Index has always been a precursor for OMGBTC right before a bullish move. On 1h to 5h TF we can see that consistently we are seeing bullish divergence. Not only that on the daily chart we had formed a bullish divergence.
Now BTC might fall a little bit more and drag OMG down a tiny bit but the bullish case is too strong here.
There's a lot going on in the Fundamental side of this coin but I prefer not to get into it again. There was also some announcement about an airdrop.
_________________________________________________________________________________________________________________________
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.
OMGUSD: Rectangle on 1D identified. Sideways until (S) breaks.Omisego is trading sideways within a 1D Triangle (RSI = 53.725) under High Volatility (ATR = 0.2020) that keeps the price within a 2.9590 Support and 3.8740 Resistance. Due to the underlying long term bearish trend on the 1W chart (RSI = 37.359, MACD = -2.090, Highs/Lows = -0.1851, B/BP = -1.9305), shorting every move near the Resistance is better suited than a full scalp. That is why we remain bearish on OMGUSD with TP = 2.6561 and 1.4942.
OMGBTC (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Omnisego / OMG
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OMG/USD descending trendlineBreaking this descending trendline would be bullish in my opinion. Stochastic RSI and MACD are looking good to try an upward movement. I doubt this can by typified as a falling wedge but I included the lower line nevertheless.
OMGUSD: 1D Falling Wedge. Retesting the support.Omisego gave the expected bearish 1D candle that tested the 2.9640 support creating a Falling Wedge (RSI = 43.877, MACD = -0.127, Highs/Lows = -0.0320, B/BP = -0.0909). This should technically seek a Lower Low at 2.6561 (first TP) in the coming candles, but the 2.9640 1D support needs to break as so far it has been rejected twice. Even if the Wedge breaks, any upside is limited to the 1W 0.500 (4.0367) - 0.618 (4.2860) Fibonacci retracement. Longer term TP = 1.4942.
OMGUSD looking for a breakout PRE ENTRY OMGUSD Long
Entry 3.10-3.20$ (breakout)
Target 4.30$
Stop 2.80$
OMGUSD: Still sideways. Approaching a bearish break-out.Omisego remains neutral both on 4H (RSI = 50.314, Highs/Lows = 0.0000) and 1D (RSI = 47.725, Highs/Lows = 0.0000) as it approaches the 1W Channel Down limitation. It will either be rejected towards 2.000 or bounce to the 0.500 - 0.618 Fibonacci retracement level. In both cases 1W is a strong sell (MACD = -2.179, Highs/Lows = -0.6889, B/BP = -28843) and should make a Lower Low. Our TP is intact for OMGUSD at 1.4942.
OMGBTC Falling Wedge. Breakout 14-16th of NovemberOMG looks like it's going to bottom above the red FIB line at 0.326 level.
The road to the bottom will likely be within that falling wedge shown in the chart.
The pump should take it up to at least 0.001 BTC, or FIB line 1.
The Pivot Point (Hammer) is the support of the Falling Wedge and the FIB line at 0.326 level. This is between the 14th - 16th of November.
OMG Breakout testWill it break?
For Omise, the end goal is “a decentralized mechanism for eWallet platforms holding fiat-backed value” , more so a network to better serve their existing payments gateways in terms of security and scalability. ‘ While OmiseGO supports payments, is not designed first and foremost a payment processor within a specific eWallet payment provider (EPP) ’. Hence, Omise’s Plasma DEX is a base infrastructure upon which a variety of payment and exchange systems can be built, allowing:
Any EPP, exchange, payments processor or other to exchange Crypto-to-Crypto, Fiat-to-Crypto, Fiat-to-Fiat, and more (nonfungibles) though their own processor built atop of the White Label SDK.
github.com
The DEX comprised of many liquidity hubs, formed through Omise’s acquisition of already existing exchanges, running Lighting Network, Swaps and HTLCs, is not only a asset-to asset gateway that allows for trading and exchange, but a liquidity pool serving expansive monetary and financial applications.
Computation and enforcement occurs via staking of OMG, bonded via plasma child chain to Ether, allowing for exit-gateways and by effect creates a scalability model for the ethereum network.
plasma.io
Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including (but not limited to) payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states.
cdn.omise.co
