Why did not OMG keep it?On 3days timetable it is clearly visible how OMG formed the head and shoulders, which is confirmed by volumes, breaking the basis and the most important price level 7.7-8.3.
Therefore, if the test of the price zone 7.7-8.3 or the basis in the area 9.7-10.4 will be successful - then I wait 3-3.5 $, and then possible and 1.4
OMGUSD
OmiseGo Go Go!Cycles are a huge part of trading. We are always on the lookout for clear indicators of reversal near the bottom and top of ranges. OMG has seen a clear breakout from near the bottom of it's range. We recommend entering with a tight stop loss due to the current risky position of BTC 4.20% . Make sure you manage your capital - we recommend investing no more than 3% in this trade.
Buy: 9.4
Target 1: 10.29
Target 2: 12.12
Target 3: 14.58
Target 4: 18.4
Stop Loss: 8.3
OMG in range and losing -27.5% in 1 monthOMG does not raise its head in the last sessions and its losing -2.63% in the last 24H accumulating losses of -27.5% in the last 30 days. The pair has been moving in range since June 12 and the absence of buyers is evident, looking up we see many strong resistances for the price on the Pivot R1 and very close the level of $ 10 next to the EMA-100.
OMG - Elliot Triangle completed - Uptrend about to startDear community,
OMG USD caught our intention due to its sane corrective behavior on top of strong fundamentals on the technology side.
Assumptions:
- Completion of Elliot Wave triangle.
- In last segment of resistance (see Pitchfan)
- Triple bottom within the triangle
-RSI oversold and at bottom
- Great R/R ratio
Stop Loss: $7.6
SL to be readjusted to break even after 1st is achieved and so on.
Target profits:
TP 1 --> $11
TP 2 --> $14
TP 3 --> $17
TP 4 --> $28
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
twitter.com
OmiseGO (OMG)OmiseGO (OMG)
After break out symmetrical triangle fail to reach $28 target of this pattern after that creat to us Rectangle channel and move on it the good this we have it from $8.XX and gained good profit at last wave.
So what now is Omg ready for a new green wave is ready to create new ATH this year?
This can happen if market back Bullish again
but from chart we can see
Omg have a good Demand Area At $ 9/6
Omg touch $9.55 "Uptrend" and bounced, really we was wait for $7.75 as the entry but anyway our long trade from $8.XX still active
As long Omg still have more to do, and the bullish market will help her to do that
For you if you look to buy
$11.5
$10.75
$8.5
this levels is good as buy point for long-term
your Stop if Omg close weekly below $6
at this case Omg back under darkness levels
Your targets
$12
$15.20
$21
Invest more after breakout Rectangle channel
Targets
$26
$30
Invest more after passed Old ATH
Targets
$37
$41
$46
Mega_Bullish
$53
$66
Invest:5%
we ask Allah reconcile and repay
OMG
Omg-Have-a-trip
OMG-what-That-mean
OMG Wants to break $ 9.26OMG has lost 0.86% in the last 24H and $ 3 USD in the weekend drop, the price crossed the Bullish trend line that is traced without problems, at this time the price is at $ 9.29, support that has been kept the last two days, if this support ( two months minimum ) is broken, the level of $ 9.00 would be the next support to visit, below, S1 at $ 8.04 is the next important level. The indicators, despite showing oversold, continue to point down so we could see this support broken very soon.
OmiseGo (OMG) I'm bullish on this project. Two mainnets coming out - Cosmos and OMGPlasma mainnet.
Cosmos "Hardspoon" 1:1 for OMG holders.
DEX capable of 1bn+ trades/s.
Mobile wallet (I think Ethos wallet may be better though, Ethos and OMG team close so maybe something there..), real implementations already in use, real partnerships.
Very professional for a crypto project.
Good chance Plasma solves Ethereum scaling issue.
OmiseGo:
cdn.omise.co
Plasma:
plasma.io
OmiseGo Price Might Jump x10OmiseGo continues to reject the uptrend trendline, with the most recent touch occurred just yesterday, when it hit $9.2. This is also an 88.6% Fibonacci retracement level of the previous wave up.
If price stays above that support, trend reversal could take place. An it is very interesting that the nearest strong resistance is seen only at $88 area, which is almost x10 growth potential. Resistance is confirmed by two Fibs, first applied through the all-time high, and second applied through the current corrective wave down after the downtrend trendline breakout.
Nevertheless, the downside risk remains and will only become valid if OMG/USD will close below $7.1 low, established back in February. Only, in that case, the downtrend might continue.
OMGUSD 20%-30% Short OpportunityThere's a very lucrative opportunity walking around in your neighbourhood.
Now are you gonna be the one who waits patiently for it to knock on your door or are you gonna be the one who grabs it by the collar and reels it in?
Now on to the technicals:
Since BTC broke a major support line that has held for the better part of the year. Now even Perma-bulls have no alternative but to accept the obvious fact that we are in a bear market at least for the mid term. OMG has been in a Triple Three Corrective Wave for this entire year and is finally on its last leg.
This gives rise to a very lucrative opportunity and I'm all up for such easy trades.
Let me be very clear. This is a position trade. Meaning we only start and end the trades if it comes into our scaled order zones. Do not go ALL-IN. Only the orders that get executed go on for this ride.
Enter Short in the range of $9.94 - $10.42
Conservative Target: $8.0 - $8.5
Aggressive Target: $7.4 - $8.0
(Use protection, a Trailing Stop)
I'm expecting the green or blue box to hold. If both fail then your guess is as good as mine for the bottom targets.
Now let me be the Devil's Advocate and talk about why these targets might be challenging.
I don't expect the whales to just gives us the BTC targets of 5k-6k.
I expect many bull traps along the way. That means OMG too will spike occasionally and make failed rallies (which is why the protection).
The most important obstacles is that OMG has two airdrops coming up. If the dates are announced in between of our trade then it will most definitely spike and take our stop out.
Godspeed
________________________________________________________________________________________________________________________________________
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 could rise...Hello guys,
in this period the volatility for all the biggest cryptos is particularly low end this setting is consistent with a rise of all sector.
In this environment the only out of tune is volume, low for all the principal cryptos, exepting EOS.
Looking at different chart I've focused my attention on OMGUSD: it is trying to complete a 1-2-3 formation.
In fact if it's able to break $12.40/50 area, corresponding to a resistance area and the highest point of the formation, it could surge with first target
to $14 where we can find daily 200 MA and then to $14.8/$15 area, where there is a resistance area.
Indicators are setted to drive the increase.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Bullish move by OMG, expect a uptrend on coming daysOMG seems to have bottom up, expecting a uptrend based on cross over indicator and tech news expectation.
OmiseGO at supportOmiseGO (OMGUSD) has been dropping since the beginning of this month and is now back to the support level around $9,00.
If price reacts and rallies from the support area, we can expect it to reach the resistance area around $13.
Once price reaches $13, we can expect some reaction to the downside.
If price continues to drop, we can expect the drop to continue to around $6,00.
Good Luck,
CryptoTrendline
OMG geometric wave consolidation pattern forming
As you can see from this technical chart analysis, we are converging into a triangular consolidation pattern. This is common across the board with many other coins. Once we reach a holding pattern look for a strong bull run across the board and to the moon in the above chart for specific figures. In the short term looking at retracement to the $9.80 range with staggered buy orders set on the way down. Expect a strong influx in volume leading up to the release of the wallet SDK and Plasma Cash in Q2. Good luck and do your own research.