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OMGUSD

OMG/USDT ready to rise!OMG looks like it is breaking out of a symmetrical triangle. If this will happen, the price will go up very fast, like it usually happens with symmetrical triangles, probably to 8$ in the short term. MACD also looks to be turning bullish, and the RSI is showing signs of consolidation (it is making lower lows as the market price makes lower lows). This is an indication that the move is gaining momentum and therefore the break should effectively continue. Any comment is appreciated.
Long
by Andratos95
OMG forming a nice bullish patternOMGUSD made a reversal from bearish pattern - descending triangle. This is a one of the most common patterns on the market. We saw that on couple of coins lately - last one on IOTA which increased almost 3x in value. OMG managed to bounce up from the support line and its now forming a bullish pattern. If the trendline holds, $10 is reachable from here. You can wait and enter position closer to the trendine and set your SL just under trendline.
BITFINEX:OMGUSDLong
by Tilen_tradershub
OmiseGo Bullish Symmetrical TriangleThis is a classical Symmetrical Triangle that's forming. RSI and MACD are indicating that the price is going to decrease and fulfill the second correction leg for this pattern before further upward movement is confirmed. Remember that The Symmetrical Triangle is known from it's explosiveness. After it breaks it will do it rapidly. Having knowledge of this helps us to set buy targets and stop losses early. I'll keep you updated what will happen. Trading information: Buy: 7.9 level Partial Profit: around 10 level Longer Term Profit Levels: 13 & 14 levels Stop-loss: 6.5 level Note this is a long term trade! 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! Be Careful While Trading! Any questions or need help? Feel free to leave comments and feedback! Yarr!
BITFINEX:OMGUSDLong
by yarr
6
OMG/USD IdeaThe OMG/USD chart shows potential for more confirmation of upward movement. Red dotted line shows resistance from down trend on 1D chart that was clearly broken on November the 8th with good volume. Price fell from there to retest resistance turned support and bounced (also happened to coincide with the top of the cloud). We are now moving up through the cloud with a crossover on the MACD and a potential crossover of the Chikou span with the Kijun-sen (blue circle). Watch for a candle close above the cloud with a confirmation of the Chikou crossover for a stronger signal, and expect resistance at $8.30. I love this little coin and always look for an opportunity to pick up more; I see good potential here.
BITTREX:OMGUSD
by philocrypt0
OMG! Catching Structural Wave 3OmiseGo has performed well against the risks of capital flight plaguing the altcoin sector over the last few months, managing to stay above the major key fibo level. Currently it has broken through a significant downtrend line, ruptured through BBs to the upside, and is showing bullish signals on the RSI. Its possible we may see a trend reversal, with intraday (swing) trading opportunities. Possible targets for now to the upside are a MIN TP of $15.90 and a MAX TP of $18.79. Alternatively, we could see trend resumption and trade as low as $3.46 before bouncing back to the $10 region. My strategy also involves analyzing the OMGBTC chart, and it should be noted that currently we lack support for a trend reversal in this pair. *This instrument saw a 3500% increase in value from inception to its peak of $13.70, so a further correction is very possible. ***Bitcoin's bullish cycle has expired, and the impact that this variable may have on the altcoin sector is not clear at this time. As always, I'll be updating this thread as we go along. Cheers and GLWT, -Erik
BITFINEX:OMGUSDLong
by Trader6127
12
OMGUSD, Long, a new bull runThe coin bounced off the strong daily chart Fibonacci support at $5.6 and broke the downtrend line. For the first time in weeks the price stand above the long term EMA89 period. This indication seems to signal the finish of the BEAR market cycle and making a new BULL move. On this chart which is the 4H the coin retrace back to 618 Fibonacci at $7.2 which whom were the fast traders would have had enter one portion of the position. Those trades can be hold if this coin breaks $8.8 which also open up an opportunity for those who missed out the first entry. If the price decide to move up breaking the previous high at $8.8, the target can be at the first resistance is at $9.7, and our target at $11.7. So its always calculated risk and rewards, where in this set up theres $1.6 on the downside and $3.0 on the up side so its about 2:1 (risking of losing one and gainning two). Note: New entry which break $8.8 area have a stop at $7.2 Feel free to leave a comment. :) Best of Luck
BITTREX:OMGUSDLong
by Ronnaritta