Get started

OMGUSD

OMG - A Wedge Breakout Setup!Welcome to my OMG trading idea/guide to crushing it!! As with everything else in the crypto space, we have been pulling back from our recent surge. OMG outperformed a lot the other major coins during this surge, rising just over 46% from the bottom!!! Hats off to OMG. If this is the wave 1 then can OMG assure us more gains in the next wave up? Potentially. I know some people would say this coin is undervalued compared to the other major coins out there but we aren’t here to discuss that. We are here to trade like a boss. This 46% surge shows the strength of this market and we need to capitalise on it. The surge topped at the resistance level shown on the chart which has been an action area for OMG. On the pullback, we have formed a descending wedge which has fallen nicely onto the dashed line which previously acted as resistance. Breakouts from formations like this can be very profitable so I’m going to talk you through how to trade them. Hopefully it doesn’t break out before you read it!!!! Also, I will be trading this as I’m laying it out to you now. Breakouts are one of traders most favourite types of trade as it can offer a trader a high probability trade as we have clear defined stop levels and targets. Breakouts happen in a patterns like this where price contracts towards an apex and are usually broken out with high volume. The trick with trading these setups is getting as close to the breakout without getting caught by fakeouts. I usually find placing buy-limit orders just outside the formation the best way to get in the market so we don’t have to depend on our agility to get in at the right price, it will be done automatically. In this case, I would place my buy-limit at $11.25. Our target can be calculated by the height of the wedge. As the resistance is just before this target, I will be using resistance as my target at $12.45 (10.7%). Not all traders use stops however this is a sure way to get us out of the market if it isn’t acting how we are expecting it to. I would place my stop just inside the formation at $10.87 (3.4%). If we re-enter this area then we are back to square one and we have to find another entry. So here we have around 1:3 risk to reward ratio which is perfect for me. I am happy to enter this trade knowing I won’t get burnt if it doesn’t work out. A point that is worth mentioning - as we expect high volume on the breakout, our trades should be profitable as soon as they are executed. If price hesitates after your order is placed then it could be a sign that it is a false breakout. When this happens it is ok to step out of the trade and work on another one. The frustration it causes isn’t worth keeping it there just to see is drop down to your stop loss. You want to be in control at all times. Thank you for taking you time to read this! Please feel free to comment or ask questions. If you feel like this added value to you then please give it a like/give me a follow! You can follow me through this link -> www.tradingview.com
BITFINEX:OMGUSDLong
by JoshThomas04
OmiseGo to hit $40 to $45 around May 2018OMG seems to have formed a symmetrical triangle on the daily chart similar to what is seen on LTC (please see link below). The conditions of the symmetrical triangle is very common to what was published for LTC. If there is an outbreak to the upside, prices can potentially reach $40 to $50. This should be achieved between mid-April to mid-May as long as BTC keeps moving in the upward direction. MACD on the daily is curling up as well which is a good sign of things to come. The following conditions have been met for the symmetrical triangle. 1. The general trend of OMG is to the upside. We have consolidated in the triangle after a bullish move. 2. The triangle has been formed with 3 points on each side. 3. We can see the volume reducing 4. The triangle has a duration of 3 months starting from January 5. The breakout will be occurring at least 3/4 of the way through the pattern Still waiting for the following. 6.We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $40 to $50 to be achieved. 7. We are still waiting on the breakout confirmation. These are just my opinion. DYOR before using anyone's opinion for trading.
BITFINEX:OMGUSDLong
by GBBBKSA
2
OMG (OmiseGo) tunneling - linear continuationLike the previous OMGUSD channel from my analysis begin of March following up played out perfectly (see ), we can see OMG now opening a new channel in a sideways progressing. Thus I'm keeping the exact same downtrend channels on the linear 4h (purple dashed) extended to the right, while further fully capturing the last channel. Resistances to keep an eye out on next development: - 200 EMA confirmed support/resistance indicator (dark rose) - 78% fib retracement (nearly falling together with the 200 EMA) - further intact macro channels (blue solid) - long term uptrend (green solid) - pierced/weakended at Feb-6 + dumped at March-14 = acting now as resistance - purple channel's new end - a subsequent upbreak of the current purple channel at the $13-14s could send OMGUSD directly to the end of the blue macro channel in the $16-17s, followed by a common trend resistance in the $18s (green dashed)
BITFINEX:OMGUSD
by tdvuser177
10
OMG USD 3/4/18 7pm EST Falling Wedge 18% gainsOMG/USDT is forming a two very nice bullish moves on the market at the moment , there is a cup and handle on the 2 hr , as well as a contracting triangle A-E continuation as specified by R.N Elliot , by calculating the length of the trend just after the median of the cup we immediately have 3 targets in mind for nice safe profits , Target 1 :19.75$ Target 2 :20.54$ Target 3: 21.30$ keep in mind the safest target is 1 the length of the continuation wave is target 2 and target 3 is a unadvised over compensation in the event of the market pull up which is due very soon please practice safe entry and exit strategies and to our best advise , please only enter the trade once the pattern has confirmed a true break out outlined in the blue square
Long
by Kingkongtrading
Omise go - A bright future ahead. Good evening traders, lets quickly jump into our OMG analysis. As we can see on our 4h chart, omg is making lower highs and lower lows, the price just broke the 50ema and now its testing it as resistance. On the 12h chart, we have already a higher high and the price might wanna make a higher low, the 50 ema is working as support for now, we need look out for the price action on the 4h timeframe now. A good reload zone is marked on the 12h chart channel. OMG is a very nice token with good fundamentals, so there is no need to use stop loss here unless you are a day trader. For short term targets , 20 usd is only fair. Medium term, 30 usd . And for long term, i dont think its any absurd if we see OMG above 50 usd this year. A break and close above our downtrend (green) will give us confirmation that omg is ready to reach higher levels again. The volume is decreasing so i guess there will be some action very, very soon. Good trades everyone.
BITFINEX:OMGUSDLong
by MarcelMartins
OMISEGO deserves more than that (Great Buy Opportunity)Hi guys, I am reducing the number of coins to up to 2 per week. For that, I am Working on all the alt market to make sure that I provide you great content and coins that are the most likely to go up. The coin for today is OMG and it offers a great buy opportunity. Due to the mistakes I have made in the past, MACD and other types of moving average does not appear a great indicator for a buy signal. Considering the RSI and the trend, but also the technology behind each coin, OMG is a great buy opportunity. For the ones that are looking for quick gains, it can offer you a 15% up to 20% short gains. Those with a long term vision, sky is the limit. Make your choice and make MONEY flow $$$$! Good luck!
OShort
by UnknownUnicorn1484312
OMG! - Ride that upward trend channel for OmisegoA relatively straightforward piece on request of a reader/follower. OMG has switched from one upward trend channel to another, like missing a step on a ladder but still going to the attic. You can also compare it a little bit to the typical pitchfork analysis and we are now in the lower end of that upward pitchfork. - Given that volume is rather low , I expect this trend channel 2 to hold and hence that we will not move to the previous trend channel 1. - Moreover, we are testing the 38,2 Fibonacci level with current price and this is also more or less the upper resistance of this channel. If we can’t break it, which is the most likely scenario, we will retrace back a little, but I don’t think it will go back more than the lower resistance line of this channel. - We are seeing some overboughtness in the CCI, and have just made a bullish cross in the MACD. I believe the upward momentum remains intact but it should not get ahead of itself, so do expect some red candles too in this channel. And the trend is your friend, so no need to get out of your position here unless something dramatically changes. - Now: if we look at the 2h chart, we see a death cross in the MACD, negative pull in the CCI and the candles bending as well, so we can expect downward movement right now in the very short term. - If we look at the 4-hourly, it is still a bit in the making. Conclusion: expect some up and downs in this trend channel, but the trend remains your friend for the moment – nothing more than that! Resistance levels & targets are shown in the chart: - Upper trend line of the current channel - 38,2% Fibonacci at 195877 - 50% Fibonacci at 221670 Support: - Lower trend line of the current channel - The yellow line at 181405 - Red Fibonacci support
by A_Cryptastic_Mind
2
OMG - daily chart about to indicate future direction05/03 Weekly chart: From the ATH, OMG has formed a second top, which is currently struggling with an important resistance. As a result, it has sarted to pull back. If bulls cannot move above that last top, the chart might start forming an equilibrium pattern. Daily chart: The daily higher highs hasn't been lost yet - support to be defended is 16,24 (yellow line) Now bulls are attending to form a higher low (blue square) 4H chart: bulls attempt to break the downtrend, need to see follow through.
BITFINEX:OMGUSD
by CRYPSY