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OMGUSD

OmiseGo Could Correct DownAfter finding the support at $5, OmiseGo went up to almost $30, resulting in a huge 445% growth in just over a month. Obviously, $30 psychological round number has acted as a strong resistance, which is also confirmed by the 261.8% Fibonacci retracement level. While the $30 resistance is respected it is likely that OmiseGo will correct down towards either $20 or $17 support levels, that is 161.8% and 127.2% Fibonacci retracement levels. At the same time trend remains bullish and the resistance should be watched for a breakout where the uptrend might continue. Nevertheless, now it could prove to be risky buying OmiseGo as the resistance is holding.
BITTREX:OMGUSD
by CryptoPAMM
6
OMGUSD - potential opportunity to buy inI believe OMG is a good opportunity long term, you can read more about why here : 500% return and 5 other reasons you should buy OMG We are setting up for a POTENTIAL buy opportunity. IF it plays out, it can allow you to get in or double down on your position. OMGUSD has been in a consolidation phase after a strong impulse up on 5 Jan. Within that time the resistance at 19 has held, giving us confidence in our position. Between now and Monday, whilst being mindful of what is happening with BTCUSD, the market could sideways trade around the 21.5 area until we meet the medium and long term trend lines (green/pink). This is also likely to coincide with a meeting of the 50MA. At this point the market MAY decide to continue the bull run. This should see it going up to around 28-30. Although there is resistance at 26 along the way. The signal is it getting close to (slightly before or slightly past ) the trend lines and then a reversal. We should see this action over a sustained period - e.g. on the 6 hour chart. Risk management can be via a STOP below the support area, between 17-19 depending upon your risk appetite. I do NOT recommend buying in advance, wait for the signal. Signal : Hitting the trend line and bouncing up (6 hour chart) Target 1 : 28-30 (but you could take some profit at 26) Target 2 : 38 Stop loss : Between 17-19 I'll keep this post updated if it receives 10 or more likes (thumbs up).
BITFINEX:OMGUSDLong
by monkia
6
OmiseGo - Another Go Time!MACD about to cross indicating that the price is wanting to move higher and RSI forming Positive Divergence both of these things are support upwards movement. What needs to happen next is that the price needs to break resistance level and downtrend line which would give strong signal of upward movement. Partial of the profit should be taken near to the previous ATH and main targets are at 31 & 32.4 levels. If the price rejects buy order target and starts falling I have added possible reversal zone where should be seeked for another buying opportunity. If another buying opportunity occurs from the lower levels I will keep this chart updated with new targets. Buy orders should be set above 24 level and stop loss below strong support (at 19.7 level). If you have any questions related to this trade, feel free to leave them down below in to comments section. Educational Part: Did you know risk management is more important than taking any trades with ready targets. Learn to manage your risks in every trade and build your own strategy around it. You will sleep better certainly. Things to Remember: -> Stop-loss orders are strongly recommended. -> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back. -> Do your homework before investing. DISCLAIMER: Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything. Yarr!
BITFINEX:OMGUSD
by yarr
A small map for the OMG journeyOmisego seems to have met its target and is back to more "confortable" areas and regain strength. It is well known all the work that this company is doing in Asia and no doubt its future is bright, however for now my chart shows me that it needs to return to its support areas. As always my idea depends strictly on the respect of the angles, so the breaking of any zone of resistance could invalidate the idea. On the other hand, crossing the support angles and areas confirms the downward movement. Best wishes to all....
BITFINEX:OMGUSD
by normstock
3
500% return and 5 other reasons you should buy OMGI've been watching OMG for a while. It had a great start in 2017 and has gone through a nice prolonged period of consolidation which has set it up nicely for a big leg 3 impulse drive. I have been trying to decide how much to invest and so did some research before deciding that this should represent a big % of my portfolio. I wanted to share a few key points with you all: 1. The opportunity vs Ripple (XPR) and Stellar (XLM) They are in the same space as XPR and XLM (decentralized financial technology for exchange and payment services) but at 1/40th and 1/5th of their respective values. Given the pedigree of team and product (see later), OMG should be at least valued as much as XLM, which would give it a x5 increase. 2. The product They are building on the ETH platform so they get all the benefit of the investment going into ETH without the cost base. Would you invest in Amazon or a company like Amazon that also has to build the road network, lorries, etc? They also have a product in a closed BETA state (last state before general release) and have a live implementation with a 'huge multinational company', you can read about it here . 3. Great team VC backed with Ethereum founders (Vitalik Buterin and Vlad Zamfir) and the Thia Government (Thai Minister of Finances) as advisers. They were listed in the Top 10 companies in Blockchain by Coin Telegraph . They are currently recruiting a Head of Communications, which is needed and probably a large reason they are so undervalued vs their XLM and XRP peers. 4. Exchanges Quality exchanges giving good liquidity (Bitfinex, Binance, Bittrex). The Koreans are yet to jump on board, which will create demand. It has also been identified by quiet a few commentators as having a high chance of being listed by Coinbase. Goldbug1 has a good post here . 5. The TA stack up We are in the 3rd leg of an EW. Projecting out the current momentum takes us to about $150+ by Feb - which would put it slightly above (XLM), which many believe is more than justified given its product and team fit. I bought into ETH in January 2017 and enjoyed a great ride. I have done the same with OMG over the past week and I'm hopefully on a similar ride in 2018, it would be good to have a few passengers with me!
BITFINEX:OMGUSDLong
by monkia
4
OMG: Big Run ComingIf you have been following Crypto for over at least 1 year. You would know Omisego is one of the project many people look forward to. Initially it had a huge run up and then a period where it was brought down to ATL, like many coins. However, Omisego has yet to explode in the way other coins did. If you check out Stellar Lumens before it big move. It is similar to this setup. I believe OMG will be running within this next few days. Check my old post on Omisego for a better perspective. What are your thoughts? Trade with care.
Long
by AbdorhmanThi
OMG buy the breakout - wedge on USD and BTCThis one looks like a pretty obvious set up - but you need to wait for the break. I like it when a coin shows the same or very similar pattern against both BTC and USD. In this case, we can get ahead of the breakout on the USD by watching the BTC breakout. Breakout OMGBTC : 167 Trigger a buy on OMGUSD between $25-$26. However, if you want to be sure of the breakout, you can wait until 26.4 which is the 0.78 FIB level measured from the recent high and low. Target 1 : 28.5 (last high) Target 2 : 34.4 (1.6 FIB from recent high and low) Stop loss : Around 24 (below upward support green line) Good luck
BITFINEX:OMGUSDLong
by monkia
3
OmiseGo upIt has lasted some days before OMG had enough momentum to break through resistance at 21.50$. But then it took only one day to break this line and to climb higher. Next aim is fib retracement at 161.8% (31.4$). It wouldn´t be surprising when the price bounces back. indicators: RSI: a little bit overbought but not seriously MACD: positive! ADX: Momentum coming back and +DI positive, while -DI is falling = positive For the moment: the trend is your friend! stop at old resistance = now support (21.50$)
BITFINEX:OMGUSDLong
by Luettis