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OMGUSD

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
BITFINEX:OMGUSD
by UnknownUnicorn2421992
1
Compliance to the 1D Rectangle. Sideways until support breaks.omOMGUSD is following the projected 1D Rectangle pattern (RSI = 46.113, ADX = 10.117, Williams = -53.227, CCI = -22.3854, Highs/Lows = 0.0000) trading sideways within 2.9725 - 3.8810. The pattern however has approached its completion point as it meets with the Lower High limit of the 1W Channel Down (MACD = -2.151, Highs/Lows = -1.0226, B/BP = -3.146). A downside break-out is expected once this support breaks so we remain short on OmiseGo with TP = 1.4942.
BITFINEX:OMGUSDShort
by InvestingScope
5
About to break lower aggressively. Big downside potential.OMGUSD is now trading below the previous 3.2309 1D Support and a recurring pattern is seen on 1D that typically leads to a new Channel Down. Both 4H (RSI = 34.346, MACD = -0.063, Highs/Lows = -0.0720, B/BP = -0.1109) and 1D (RSI = 36.903, MACD = -0.273, Highs/Lows = -0.1659, B/BP = -0.5409) are actively bearish and we are aiming at an aggressive decline on OmiseGo towards a new Lower Low on 1W (early estimates put it around 0.300). Out short TP remains more moderate at 1.4942.
BITFINEX:OMGUSDShort
by InvestingScope
Approaching the target. More downside to come.Omisego has now crossed the 3.2170 1D Support and is approaching the first TP = 2.6561 on a newly developed 4H Channel Down (RSI = 30.591, MACD = -0.210, Highs/Lows = -0.1867, B/BP = -0.4322). 1D though will be now looking for an even lower Low (Highs/Lows = -0.5904), near our second TP = 1.4942. With the 1W Channel Down (RSI = 35.080, Highs/Lows = -2.3619) however aiming even lower (0.300), we remain bearish on the long term.
BITFINEX:OMGUSDShort
by InvestingScope
10
OmiseGo (OMG) Shows Some Strenght After The Throwback!After the drop OmiseGo' shows us a pretty solid price action from the strong support and currently we are starting to fight with the round number ($4) and with the trendlines which are pulled from the 4h chart. The bounce came from the trendline which is pulled from the bottom (2018 low) and second touch 23.08. This trendline holds us almost perfectly! On the trendline area, we got after the drop a very nice candlestick pattern which is "Hammer" and doji after doji which also indicates that the trend may turn around. Also, we have a nice harmonic pattern called "Cypher" which matches exactly with the trendline! So, if the Bitcoin' starts to show us some bullish signs then we can be almost certain than OMG' starts to make higher highs! Hopefully, this quick overview helps You out a little bit to confirm Your own analysis! Please, don't forget to LIKE! Thank You for your support! Have a nice day!
BITFINEX:OMGUSD
by VaidoVeek
2
Cryptogame - Margin Battle Another chart. I have too many other charts to put here, which I will add in description later. There is a lot going on behind the scene. Bitmex 100x leveraged trading has had a clear impact on the cryptomarket. Other leveraged trading options at Bitfinex for alts are playing a major role and have resulted in wicks which are not ignorable. Currently the alts have too many long positions compared to shorts, where as BTC and only 2-3 others alts have more shorts than longs. Of course there are always other aspects to look at and clearly have an impact on the inter- and intraday prices. Please leave a comment (healthy discussion please) and click on the agree button if you do agree or like this chart. Thanks.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn995432