Bearish pattern looking more apparent will it break down?The current situation:
1. Previously, it looked like price action had an ascending triangle pattern going, which was a bullish pattern. Currently, it is starting to look more like a head and shoulders pattern, a bearish pattern. The rather ambiguous neckline, which is also the gold line and a Fib level, is at about 3.9 USD and is the current support. The measured target of the pattern is at about 3.4 USD and there are several moving averages at about the 3.8 USD level that can act as support between the breakdown below the neckline and the measured target.
2. There was a RSI reading of about 77 on the 6HR chart for the last high made, so possible bearish divergence may occur if the next high made creates an equal or lower RSI reading and can prompt a pullback.
The bullish case:
1. If the price action holds above the neckline and retest the 4.35 USD level, which can still validate the ascending triangle pattern while negating the head and shoulders pattern. OR
2. If the price action breaks below the neckline and bounces off one of the moving averages at about 3.8 USD currently to retest the 4.35 level, which also negates the the breakout of the head and shoulders pattern.
The bearish case: price action breaks below the neckline and does not bounce off one of the moving averages at about 3.8 USD.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
Omgusdlong
OMG.USDT (Y20.P4.E1).TA on the Macro structureHi All,
Keeping it short as its only the planning phase.
Planning ahead, and hence stalking for the best options if or when they available.
Note: a few key point;
a) previous high has confluence with the trend line target area as support;
b) RSI hidden bullish divergence in the making like previously;
c) Stochastic looking for a bounce for the short term;
d) OMG gave good returns and is likely to do so at least 1 more time.
One should not be confident what took place would mean it will do it again.
Please give me a like or tick for this post
Cheers,
S.Sari
Possible scenario, daily chart
Macro overview
OMGUSD: Good opportunity for LongAt 4H, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing downward, indicating a price correction at the 4H timeframe.
Besides, RSI is at the oversold level, which indicates the weakness of sellers, and also a divergence has formed between the price and RSI.
We recommend buying OMGUSD now with a stop loss at 5.3 and take the profit near the level of $7,5 - $8,2.
OMGUSD Setting up a nice pullback for a long entryOMGUSD Setting up a nice pullback for a long entry
OMG USDT LONGInverse head and shoulders pattern forming.
Decent volume
Entry: breakout of the neckline
just an idea, do your own research before trading, not a financial advice
Omisego Hidden BullThis coin will resemble something like the ZRX pump price action, for the upcoming weeks.
Be aware and act accordingly
Trade safe, hedge or use stops.
OMGUSD forming bullish Shark | Upto 18% bull move aheadThe price action of OmiseGo / US Dollar is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.9512 to 0.9101
Sell between: 0.9903 to 1.0751
Enjoy your profits and regards,
Atif Akbar (moon333)
OMG its bottomed out. 900% PP to previous highSo while everyone or most people right now are fixated on bitcoin and its momentous (and it is momentous) 4x over the past few months, it seems that everyone has forgotten about the alt coins.
Personally, I've been eyeballing the altcoins right now and I cannot find a more suitable position to begin accumulation of the coins you want right now.
OMG is just an example, but if you take up any many of the other altcoins right now they all look very similar but this is one of the reasons why I'm loving where one of my favourite coins are sitting right now.
1) traded well and into the weekly Bullish OB (marked out with a green box)
2) weekly RSI 9 and 45 moving averages have crossed suggesting beautiful momentum change.
3) RSI "bowling out" especially on the WEEKLY timeframe as well. looks fantastic.
4) I'll attach an image of volume from coinmarket cap, but there is massively increased volume around this area, suggesting large amounts of accumulation is happening
5) 2 Weekly RSI, RSI touched 40 and is now progressing away from it. This suggests to me that overall that this coin is very much bullish since bullish RSI ranges from 40-80(+) I'll add an image containing that image too.
Did you miss out on the hype train last time?
We waited almost 2 years for this.
The time has come and I intend to fully capitalise on this.
Timeframe over the trade will most definitely take time. I'm giving this 1 year to play out.
charts.cointrader.pro
OMGBTC Latest Technical Analysis 90% target projection.You can see the Chart of OMGBTC on Daily Timeframe .
It Seems Like correction period End.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
OMG: OmiseGo Buy For longer term !!Buy Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
USDT-OMG OmiseGO - Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2017 ( 3 / 10 )
Volume 24 H : 4000 BTC ( 5 / 10 )
Available Markets* ( 8 / 10 )
Social Media Rate ( 7 / 10 )
Ranks **24 ( 9 / 10 )
Website ( 7 / 10 )
Type The OMG network is a scaling solution for finance on Ethereum -0.34%
Overall ( 6 /10 )
One of my biggest bags is OMG. I have been accumulating from $6.
As long as it gets some volume the sky will be the limit for OMG.
It has listed on so many exchanges. It is hard to die at this bear market, I recommend you to get some at around $3 for your long term investment. It is down 90% from ATH.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
OMG OMiseGo Can gives You in Long Term 550% Profit !!OMG Coin on the Support Levels Making Expanding Triangles OMG Can Gives More than 5x Profit in a long term period becoz this Coin Complete his Bottom and now doing retesting to Fly in The Sky.... !!
Buy Zone 0.000500 - 0.000525
Sell Zone - 0.003000
if You Bought This Coin For Long term then Dont use Stop loss.. !!
Let See What Will be Next Move , i hope that Price can fly from the Buying Given Price....
Share Your Opinion in Comment Box.
if You Satisfied With My idea Then Dont Forgot To Hit Like .
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
ThankYou....................!!
OMGBTC Technical Analysis 100% Target Projection for Mid Term.You can see the Chart of OMGBTC on Daily Timeframe.
OMGBTC Following the falling wedge pattern right now
There is Last year Support Also at 0.000456 Satoshi
Right now We can see the 5 Resistance level and 1 Support Level.
1 Resistance level: 0.000575
2 Resistance level: 0.000694
3 Resistance level: 0.000780
4 Resistance level: 0.000846
5 Resistance level: 0.000914
1 Support Level: 0.000456
This All Resistance level is Mid Term.
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
OMGBTC (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Omnisego / OMG
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*As some indicators you may come across are using the repainting mode (which consists in correcting the false signal back in time).
You'll never see such thing in the Richimoku Trading System. What's on the charts is displayed in real time, no cheating...
Send me a Message and Feel Free to test the Richimoku Trading System! I'll send you an invite. Study the chart history on all timeframes. Study all details incl. divergences etc. You'll love it :)
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OMGBTC: Really Can't Go WrongHi All
Hope all your trades are going well
Expect: Short-term: Short
Expect: Long-term: Can't miss in SE ASIA
This is my girlfriend #1 Coin she invest in, and she is in accumulation mode lol
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
OMG 100%+ Profit PotentialOMG/USD is currently in a high demand area (white rectangle) the price range in that rectangle is between $6 and $7.5
Everytime it has been in this rectangle, it has shot up with at least 100%+ Profit. This is a highly demanded zone. Nevertheless, I still recommend scaling wisely as its not a Bull Market yet. But buying good chunk of it would be great accumulation.
Along with that, we also have RSI at its lowest since the release of the ICO almost 1 year ago.
Current RSI level = 26.68
Lowest RSI level before today = 28.93 in 1 April 2018, which after it reached that level, it went up over 140%
Another note: I added BTC prices in the chart, to show that OMG is demanded regardless of BTC's value.
Good luck guys!
OMGUSD could rise...Hello guys,
in this period the volatility for all the biggest cryptos is particularly low end this setting is consistent with a rise of all sector.
In this environment the only out of tune is volume, low for all the principal cryptos, exepting EOS.
Looking at different chart I've focused my attention on OMGUSD: it is trying to complete a 1-2-3 formation.
In fact if it's able to break $12.40/50 area, corresponding to a resistance area and the highest point of the formation, it could surge with first target
to $14 where we can find daily 200 MA and then to $14.8/$15 area, where there is a resistance area.
Indicators are setted to drive the increase.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***