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Omgusdlong

OMGUSD - Scale in orders for longTools used: Fibonacci speed resistance fans Chande Momentum RSI VWMA (Length: 8, length of 20 on hourly) OmiseGO popped up to $17 and quickly dropped. Currently forming a bull flag, looking forward to a confirmation for a continuation of it. Regression channels: Arguments for a long position: Taking the traditional method of finding target price of a bull flag, OMG should hit $20 after breakout ATH is just around $40 Bull flag pattern Strong FA, both team and community wise; verifiedtopics.com Re entering main (green) regression channel after it failed to break out under it. (Poor correlation ratio at ~.5 however) Arguments for a short position: Currently in a correction phase after a huge rally Top of bull flag channel, expecting it to drop again in the flag channel Seems to have failed to break out from cyan regression channel Weakening momentum RSI making a hns pattern (lol) Safest move would be to scale in long orders from $10 onwards as BTC is still grappling with its identity crisis.
BITFINEX:OMGUSDLong
by NeoButane
OMGUSD. Uptrend. Bull Trend We continue the analysis of cryptocurrency tokens. At this time, we pair OMGUSD. The trend is bullish. Rising Pitchfork, as accurately they describe his movement. At the moment, making a flag to wave 2. The trend has just begun. The goals are described in the chart. Breakthrough Vil will have bad consequences, but now that the danger is minimal. I think the wave will not reach the low of wave A of correction. Therefore it is already possible to buy
BITFINEX:OMGUSDLong
by TimurKuspanov
OMG hitting critical resistance with high chance of breaking outFundamentals 1. Collaboration with DAO forming an alliance with MakerDAO which will improve and ensure the future decentralization. 2. Significantly, OMG cryptocurrency is built on Ethereum blockchain and achieves the highest scalability levels while at the same time enabling transparent peer-to-peer transactions that are fast (real-time) and secure. The decentralization feature is developed in a way that it can facilitate global sovereignty of every individual. 3. Overall the bitcoin market is in a highly probable sustainable recovery, with market expecting big investment houses to give the crypto market a boost. Technicals 1. Hitting the major trend line , within next few hours we should know if the price is able to break through the major resistance. 2. Rising RIS and MACD.RSI not as over bought as compared to last night. 3. TP:15.5 SL:12.5 4. Executed half trade size at 13.33. *Conservative traders can wait for a clearer break above trend line before executing.
BITFINEX:OMGUSDLong
by D_Market_Outlook
OMGUSD (OmiseGo) 1hr tf chart patternThe meandering price action of OMGUSD (OmiseGo) based on its 1hr tf is captured in this analysis using an ascending triangle chart pattern. The width of the triangle (vertical black arrow) is ~$9.82 - $7.92 = $1.90. Possible target area for price after a breakout above the horizontal line of the chart pattern involves vertical projection of width of the triangle (calculated above) onto a breakout above the horizontal line. Doing this, a breakout above the apex of the triangle could see OMGUSD hit $11.72 (Target area). The alternative chart pattern that is also described by the same price action for OMGUSD would be a complex, inverted Head and shoulder pattern (not shown in this post). For this pattern to be confirmed, price action would have to close above the neckline of the pattern. The neckline in this case is also the same as the horizontal line of the ascending triangle chart pattern.
BITFINEX:OMGUSD
by Coin_Analyst
OMG - i love you - potential 200% in the mid-long termHi guys! i love omg. seriously i do. i think this coin is great. Omisego wants to be a payment platform for mainly the asian region. It's parent company Omise, is already servicing a lot of Thailand's transactions already and has great partnerships lines up! Think long term, like 2020. Like Japan olympics 2020 :) Buy: 13.70-17.09 Sell: 34 - 42 Fundamentals: Oh my god can i get started. 1) Wallet release in q1 2) Staking by q2 3) Fiat gateways in the near future 4) Decentralised exchange coming up 5) PLASMA !!!!! Coming up too. Plasma is amazing and looks to rival visa and mastercards tps. Mind you OMG is a long term coin, not a quick get rich pnd coin. Technicals: For now, it looks like OMG is in its consolidation phase. It has completed 3 of the 5 elliot impulse waves and we are currently in the 4th wave. Wave 2 had retraced perfectly onto the 0.618 levels, as has the 4th wave here and now we are consolidating. I used the USD chart because BTC was looking all over the place, so i came here to get better clarity. Using fib extensions, wave 3 hit a high of around $28 which is around the 1.618 fib line, so its not wild to assume that OMG may hit the 2.618, but to be be conservative we'll take a more broader end range. People will argue that wave 4 retraces into wave 1 territory, you're correct but only by a wick and not a body so the 4th corrective wave stands true. I'm still new to these elliot waves and fibs. I am open to any criticism. Go ahead and grill me :)
BITFINEX:OMGUSDLong
by EnZo
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