OMG CorrectionAs You can see, with Correction on BTC, we've got the same on OMG. We need to observe moves on both currencies.
OMGUSD
OMG charttechnical signalOMG is in a bearish pattern.
But probably we could see a "Cup with handle" - as shown in my chart.
In this case a rise of OMG-course is possible to the old ATH.
OmiseGo $OMG retraced to 0.5fib area from 9.9$ time for more.!For the last peak at 9.9$, I think the Wave3 doesn't finish yet.
From 9.9$, OMG retraced nicely to 0.5 fib area, time to go up more.
So it would be nice to continue Wave 3 along the orange line.
Next Target: 11 - 11.2
Stop Lost: 8.5
$OMG - Accumulation Periodit's time to start accumulating $OMG
OMG has been holding up great support even with BTC's bullish runs.
-With higher lows, slowing climbing the bottom of the support trend line.
-I drew out the projections of the EMA 20 & EMA 55. on the 1 Day chart.
-When both EMA's cross, it will be a confirmation for a new bullish trend.
First targets are marked as resistance, currently sitting on the buy area. .
Practice safe swing trading within the ascending triangle.
chinatown price line marked in chart.
OMG Long Trade Current 6.85OMG just broke out of morning star reversal on the hourly which should take it out of double pattern. Almost 7.5:1
OMGUSD (1D): Uptrend possible. Targets 8 > 10 > 12 > 15 > 19 USDOMG is based on the "Be your own bank" approach. It is engineered to use eWallets. It is based on the Ethereum. It will activate its own blockchain in the fourth quarter of 2017. OMG is a decentralized payment network that combines Fiat and cryptos. User do not need a bank account to use OMG.
After a strong start, the consolidation could be completed and an entry interesting.
Targets: 8 > 10 > 12 > 15 > 19 USD
Let's see what happens. Happy trading. :-)
OMGUSD - don't expect big things, yet.The downward pressure has pushed OMG to its 61.8% fibonacci level, creating a buy opportunity. Now we should see it rise to its 80%, 100% or 160%. However, an upward flag pattern appears, which could mean we have one more opportunity at the previous low, before bouncing upwards again. If the pattern breaks previous resistance, this creates new buying opportunity. Look for continuation of this pattern, in long run, which should include another downward spike - before breakout.
OmiseGo New Entry LevelRSI confirms reversal in the price movement. The price has been bouncing off from the support level around 7.5 and ma50 which is giving confirmation for further upward movement. Buy orders should be set above 8.5 level.
As RSI has climbed this high it's possibility for retrace is high. Might be that retrace is small in term of the price but I recommend to be extra carefulness with this trade! Always remember to use stop-losses!
Note this is a longer term trade!
Trading information:
Buy: above 8.5
Profit targets: 9.2 near resistance level and 10.5
Longer Term Profit: 12 level
Stop-loss: 7.5
Things to remember:
To trade safely we need to use stop losses in case something goes wrong.
Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
OMGUSD Symmetrical TriangleThe pattern is complete when the price breaks out of the triangle - look for an increase in volume in the direction of the breakout.
1st Target 13.6$ before the end of the year 2017
then correction to 9$ level
after the correction 2nd Target 18 $
OmiseGo Buy OpportunityThe price bounced from the reversal zone which was formed by the uptrend line and 7.40 support level. Passing through the cloud of Ichimoku indicator gives us a buy signal. DMI supports upward movement and allows trading. Pending orders for buy should be placed at 8.15 level with stop at 7.30 level. Profit targets are 9.25 and 11.00 levels.
Holy F#?k, that´s one hell of anascending triangle. Just look at that!
Well, OMGUSD is on its way to break out. I think there is even a possibility it would take a try @ 13USD again. We´ll see.
My first target would be @9.1USD
Second target @10.2 USD.
Stop/Loss @ 7.5USD
Good luck.
Time for OmiseGO - Wallet SDK Hype - Breaking Ascending TriangleI see OMG forming a small ascending triangle at 8.5 top.
The Wallet SDK hype will push the OMG to break out to test the next resistance.
If the resistance at 9.6 can't be broken, the Elliot Waves have to be redrawn.
It is unlikely that triangle top can't be broken.
OMG-USDTTHIS is the main point for OMG if it is passed from above line it can raised and else it can dump again. follow the chart
OMGUSD appears to be in consolidation no cleat direction yet. OMGUSD broke out to the upside from long term wedge pattern. 1st resistance 49% and 2nd resistance 73% gains are expected. Momentum appears to be absent with more consolidation ahead. Stay at sidelines until a clear direction is evident for a trade up or down.
OMG 1H inv H&S?We have now possibility of inv H&S. Good pattern for break out and reversal of a current correction.
OMG 132% PROFIT!!! WATCH FOR THE TOUCH TO THE SUPPORT LINE!In case you missed IOTA, EOS, XMR AND ETH Rockets, OMG is calling you this time... A rocket is being prepared to make it's one last touch to it's support line!
