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OMGUSD

OMG/USD - Mega Bullish - Buy ZoneThe impulse is not the prettiest, but both wave 2 & 4 retraces slightly. These slight retracements show positive market sentiments of OMG, and it should be reflected in future price action. In my opinion, it will be extremely bullish. Wave 2 often retraces to .618, but looking at wave A, it does not seem like it will be the case for OMG. Watch out for price reversal at a:c = 1:1, it would be too early a buy for me. I prefer the green box, with a:c=1:1.618, confluence with .382 ret, and in the region of wave 4 of bullish swing. Good luck.
BITFINEX:OMGUSDLong
by someone514
1
OmiseGo Trend Is UPAfter reaching the all-time high at $29, OmiseGo corrected down to 76.4% Fibonacci retracement level that has been rejected cleanly, together with the uptrend trendline. The uptrend remains valid and the price continues to print higher highs and higher lows on the Daily timeframe. After rejecting the Fibonacci support OMG/USD once again started to produce higher highs and higher lows, confirming the uptrend on the lower timeframe. Currently, the short-term consolidation could take place, while OmiseGo remains bullish. The nearest upside target is seen at $35, that is 75% growth potential from the current price. If OMG will correct down, a good buying opportunity should present itself around $17 level. In the worst case scenario price could correct back down to $7 or $11 support levels and only then continue the uptrend.
BITTREX:OMGUSDLong
by CryptoPAMM
1
OMGUSD - big third wave of super cycle third wave?If you have been following my earlier posts ( OMGUSD on the back of OMGBTC. Key decision time coming soon.... and 500% return and 5 other reasons you should buy OMG ) you'll know I am a big fan of OMG because both the technical and fundamentals stack up. Of the 15 or so blue chip coins (top 50) that I track it is the best performing in Feb, even being up slightly on LTC. I buy coins when I see their TA stacks up against BTC and USD. This is absolutely the case with OMG at the moment. If my analysis is correct, we are entering a big 3rd wave impulse of a big super cycle 3rd wave. These waves often deliver growth of 2.618, 3.618 and 4.618. This post goes into more detail of the way its performance against BTC. My plans I have been in OMG a while and have been buying on the dips over the past few weeks, mainly moving from BCH, XRP and IOTA into it. Now there is more data to support my conviction that we are going into this third wave, I will look to double down on my position. The set up I am looking for is a pull back from a completed wave 1. This may be occurring now or wave 1 might continue to go up more before doing so. I will be aiming for at least a 0.5 Fib retrace from this first wave up from around 15.5. I have shown a potentially entry point, BUT that will change depending upon when this wave 1 starts its retrace. My targets are high, as I am expecting an extended wave 3. I'm looking for an extension of 2.618 vs either the recent wave 1 (from $7.1) @ $40 or the super cycle wave 1 ($1) @ $32. Stop loss would be below the start of this latest retrace at 15.4 or lower. The risk reward will be clearer once we can see when wave 1 has finishes but at the moment it would give a good 7:1.
BITFINEX:OMGUSDLong
by monkia
8
OMISE GO - Go to where?Hello everyone, lets take a quick look at OMG USD. As you can see OMG is going into a uptrend and just broke our daily pivot (not on chart). Looks like we're heading to 0.382 fibo retracement, which is around 20.50 level, and if we manage to break it, 23.50 should be a good take profit. Take a brief look on the volume of the last red bars, high volume but, almost no effect, tiny bars with low range, lack of sellers? no supply? Anyway, OMG is a quite reliable token with good fundamentals behind it, i dont think its any absurd if we manage to see OMG above 50 usd this year, so yes, a good hold. A quick look on the indicators, -MACD is goind to have a bullish cross, above the 0 level. -RSI show that the buyers have strenght. -On our wave volume indicator we can see the buyers have strenght, again. -ADX is starting to lose momentum but still, DI+ show a bullish momentum. Its important to say, as we all know, the criptocurrency market will mostly follow btc, so if btc for some reason dump again, omg will most likely follow it, however as i've said, its a good hold. And regardless btc, our uptrend and 50ema should provide a good support level, if OMG break it, we might reach lower levels again, which will be very good for reload this token. Good trades everyone. This is NOT a trade signal and is just here for educational purposes.
BITTREX:OMGUSDLong
by MarcelMartins
OMG still bullish. Look for a three wave correction.OMGUSD 1H Hey guys, as we can see on many alts including OMG we have completed a five wave structure to the upside that has started when BTC hit 6k. After that, a minor five wave structure which can be labeled as wave (a) of a bigger three wave (abc) started and has now finished. I'll be looking for a minor upmove (wave (b)) and finally for another bearish minor impulse (wave (c)) to complete the overall corrective structure at one of the marked levels ($15, $13.50, $12). As you can see on the chart I have labeled the top of the five wave upmove as (1). Therefore I am expecting a bigger bullish impulse (wave 3) after the completion of the abc correction. Cheers Bud
BITFINEX:OMGUSD
by BudBronson
6
OMGUSD on the back of OMGBTC. Key decision time coming soon....Whilst I buy the opportunity in OMGUSD, the important chart for me is the bottom OMGBTC as this is what is driving my technical analysis. I tend to go to BTC and cash during corrections to make it easier to manage and it has historically performed best out of all the coins in these times. As the correction *potentially* begins to end, I want to know if I'm best in BTC or other coins. I'm interested in trading coins where I can see long term trends and typically where I also believe in the fundamentals. You can read this post 500% return and 5 other reasons you should buy OMG to see why I'm a believer in the fundamentals of OMG and still hold OMG in my core holdings. OMG is at a very interesting point relative to BTC. It has been through a wave of growth, contraction and then a shorter wave of growth again, not reaching its high from the first wave and is now consolidating. The question I ask myself is whether we are in a five wave growth or contraction impulse relative to BTC. OMGBTC Growth impulse (shown in black numbers) We are part way through the third wave and likely to go to 1.272, 1.414 or 1.618 of wave 1 which are 0.0036, 0.0041 and 0.005 respectively. OMGBTC Contraction impulse (shown in red numbers) We have completed the 2nd wave and have just started the third wave and likely to go lower than the low of the 1st wave (0.0005). My plan My conviction is that we are in a growth impulse wave but I want to be more sure about this before I take more long positions. Whilst there are other wave combination possibilities, the OMGUSD chart suggests we are in a wave 3. We can't have topped that and be in a wave 4 because wave 1 and 4 can not overlap. We have a down trendline from near the ATH which we are bouncing along at the moment and which is forming a bull flag/pendant. If this should break up, I would feel more confident we are in a growth impulse. Although we wouldn't be sure until wave 1 top is broken, I will be looking to enter should we break up out of this bull flag (subject to what is happening with the correction). Using the height of the the flag, I have a target of 0.0028, which coincides with the top of wave 1. My stop would be the bottom of the flag. We could also be in a massive bull flag, with Wave 1 as the pole and the green dotted support line as the bottom of the flag. I have marked this pole in the transparent orange. I will therefore continue to hold my core position even if we break down out of this flag but remain above this lower diagonal support level.
BITFINEX:OMGUSDLong
by monkia
10