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OMGUSD

OMG! - Beautiful purple cup & handle for Omisego?!I was looking at the chart of OMG and I immediately saw this beautiful purple cup with a forming handle. The trend is sideways to downward for the moment (mostly downward), so that the handle can be formed. You can also see that confirmed in the MACD (death cross on the daily) and clear overboughtness in the RSI. This makes me to believe that we are likely looking at an almost textbook cup & handle, that shall have to retrace back up soon to the 195877 satoshi area. If that resistance area is broken, we are in for some serious upward potential. Next targets would be around 221670 at and 247463. BUT, we are not there yet, first expect some reddish candles to steal the show. Let’s stay tuned, watching closely from the sidelines.
by A_Cryptastic_Mind
3
OMG/ETH is gearing up for a parabolic move to ATHsHere is a simple chart showing the route that I think OMG/ETH will take in the next two weeks. The ATH for this pair is around 0.045 and I think we're seeing a parabolic move back to those levels (and beyond). I believe the value of the OMG project was priced into the initial climb to ATHs back in August and September 2017. After a large correction back to ~0.011, the project's vision is coming to fruition and we're getting very close to a functioning DEX, POS validation, and the recently announced "hard spoon" with the Cosmos network. I've decided to stick to the actual announcements that have been made, and not price in some of the rumors that have been floating around. If even one of the rumors that are floating around reddit and telegram happen to be true, go ahead and disregard this chart ( because a Coinbase addition would make any coin triple in value ;D ). There are several key resistances on the daily chart where I think we'll see brief consolidation, but I'm very confident that at least a few of the daily candles will resemble those on the initial climbs back in August. If you're curious, the single largest increase in price of OMG/ETH in a single day was on August 10, 2017, where the ratio rose from 0.0115 to 0.02 (~73%). To put this into perspective, on April 14 we opened at 0.0238 and the daily high reached 0.0375 (~57%). The buying pressure is building and we're starting to see an increase in trading volumes on the daily as well. It's only a matter of time. I published my swing trade setup for this pair last week and it's turned out to be very profitable. We still have at least another 50% to climb from where we are now, and I believe its going to happen in a hurry. Of course this is crypto and anything could happen, so these wild ideas I have are for entertainment purposes only. - Peace -
OLong
by SlumcoinMillionaire
Bullish idea on OMGIt has behave so well these days, now it faces resistance above the 15$ area, where it needs to breakout descending line of the triangle to reach levels at 18$ again and continue the uptrend to new highs!. This range will get us all the way up to 35$. So for now that would be my target for mid term. On the other hand, if it can´t cross above the triangle, it should retest the bottom at 8.5$-10$ and from that point I expect a strong Bounce. RSI shows almost overbought levels at 65, it seems a little difficult to have a big bullish rally starting from this point. As for now, we can say we have a consolidated market in OMG, now there's only one way to go, so we can continue the Uptrend for the year. I'll keep this idea updated.
BITFINEX:OMGUSDLong
by G0ldenross
1
A long-term trading opportunity to buy in OMGUSD. Wait to hunt!Technical analysis: OMISEGO/DOLLAR is in an up trend and continuation of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 55. Trading suggestion: There is possibility of temporary retracement to suggested support zone (13.77 to 11.46), if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (13.77) Ending of entry zone (11.46) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 15.55 TP2= @ 18.05 TP3= @ 19.70 TP4= @ 21.55 TP5= @ 25.53 TP6= @ 28.50 TP7= Free
BITFINEX:OMGUSDLong
by ForecastCity
6
A long-term trading opportunity to buy in OMGUSD. Technical analysis: OMISEGO/DOLLAR is in a Range bound and Beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 65. Trading suggestion: There is no trend in the market and the price is in a range bound, but we forecast an uptrend would begin. There is possibility of temporary retracement to suggested support zone (12.50 to 10.07), if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (12.50) Ending of entry zone (10.07) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 15.55 TP2= @ 18.05 TP3= @ 19.70 TP4= @ 21.55 TP5= @ 25.53 TP6= @ 28.50 TP7= Free
BITFINEX:OMGUSDLong
by ForecastCity
2
OMGUSD. Uptrend. Bull Trend We continue the analysis of cryptocurrency tokens. At this time, we pair OMGUSD. The trend is bullish. Rising Pitchfork, as accurately they describe his movement. At the moment, making a flag to wave 2. The trend has just begun. The goals are described in the chart. Breakthrough Vil will have bad consequences, but now that the danger is minimal. I think the wave will not reach the low of wave A of correction. Therefore it is already possible to buy
BITFINEX:OMGUSDLong
by TimurKuspanov
OMG entered corrective wave 4OMG has left the triangle pattern to the top as mentioned in the last analysis. It rose to fib retracem 38.2% (15,59$) as we have expected. This is / was the profit take - level. This was also the turning point from wave 3 (motive) into wave 4 (corrective). Now the price can fall till support at around fib retracement 23.6% (12,45$), perhaps even to swing trend line at 10.90$; this support shows more impact on the OMG-price than the fib retracement. At that point we should have finished the wave 4 and should re-enter in motive wave 5, which could lead us to fib retracement 61.8% (20$). Long investors can stay and hold, traders can take profit at this level and come back on lower levels. If OmG stops the actual correction and breaks the resistance at 38,2% to the top or if OmG falls deeper than 9.5$ the EW-wave is false. Indicators (RSI and ADX) are signalling a correction as well. We ´ll see. Good luck!
BITFINEX:OMGUSD
by Luettis
1
fishing of fishes in troubled waters is dedicatedTo fans of Alts and fishing of fishes in troubled waters is dedicated There is such a coin omg. Thai start-up is half-bank-half-wallet. Recently, the study of the movement of the price of OMG suggests that OMG is less volatile and sometimes ahead of the market (controversially!). Now for 1 hour: MACD - signal up After consolidation from April 16, the breakdown of the old level, the return of the POC  On the SMO indicator, bullish consolidation On the indicator of open interest is bullish consolidation. Efforts of bears (large volume) have not yet led to a fall. Bears kept the level. If bitcoin remains a little longer at the top or at least stops in the corridor and the price remains above $ 14 - there is a variant of the upward movement. Target1 = $ 18, Stop $ 13. You can try a small part of the deposit to risk buying $ 14.1. Profit / los ratio 1: 3 minimum. Personally, until I refrain - not a fan of extreme,but although the signal deserves attention. All profits!
BITFINEX:OMGUSDLong
by fvb
OMG in ascending triangleAt OMG we can see an EW-movement, which I´ve drawn in primary cycle. It is now the question if the last corrective wave has already ended or if we´ll see a new low at about 6.30$. At the peak of the ascending triangle we´ll see the new direction. Whether it turns up - then the corrective wave has ended and we´ll see a new trend (green arrow). Or it turns down - then the corrective wave continues and we´ll see a new low (red arrow). Up: +60% till the fib retracement 38.2% (15,51$) Down: -32% till the swing trend line at 6,28$ Indicators: in sum positive with RSI above the trend line and DI+ rising
BITFINEX:OMGUSD
by Luettis
OMG hitting critical resistance with high chance of breaking outFundamentals 1. Collaboration with DAO forming an alliance with MakerDAO which will improve and ensure the future decentralization. 2. Significantly, OMG cryptocurrency is built on Ethereum blockchain and achieves the highest scalability levels while at the same time enabling transparent peer-to-peer transactions that are fast (real-time) and secure. The decentralization feature is developed in a way that it can facilitate global sovereignty of every individual. 3. Overall the bitcoin market is in a highly probable sustainable recovery, with market expecting big investment houses to give the crypto market a boost. Technicals 1. Hitting the major trend line , within next few hours we should know if the price is able to break through the major resistance. 2. Rising RIS and MACD.RSI not as over bought as compared to last night. 3. TP:15.5 SL:12.5 4. Executed half trade size at 13.33. *Conservative traders can wait for a clearer break above trend line before executing.
BITFINEX:OMGUSDLong
by D_Market_Outlook
OMGUSD (OmiseGo) 1hr tf chart patternThe meandering price action of OMGUSD (OmiseGo) based on its 1hr tf is captured in this analysis using an ascending triangle chart pattern. The width of the triangle (vertical black arrow) is ~$9.82 - $7.92 = $1.90. Possible target area for price after a breakout above the horizontal line of the chart pattern involves vertical projection of width of the triangle (calculated above) onto a breakout above the horizontal line. Doing this, a breakout above the apex of the triangle could see OMGUSD hit $11.72 (Target area). The alternative chart pattern that is also described by the same price action for OMGUSD would be a complex, inverted Head and shoulder pattern (not shown in this post). For this pattern to be confirmed, price action would have to close above the neckline of the pattern. The neckline in this case is also the same as the horizontal line of the ascending triangle chart pattern.
BITFINEX:OMGUSD
by Coin_Analyst