OMGUSDT graph analysisGraph analysis of OMGUSDT, would like to know any thoughts or criticism on my analysis and other traders thoughts on this analysis and if theres is something that you spotted that i havent
Omgusdt
Omisego - into interesting zoneHello trading friends,
Omisego - into the interesting zone depending on Ta trends.
Have a good time.
OMISEGO - On important trend for possible breakout 6.50+Hello trading friends,
This is a small view for OMGUSDT.
As omisego are now on an important trend line - is this also the reason for this update.
you can see here the before update of omisego
There is a good chance that we could see a breakout in OMG - that could bring price action to 6.50+
We will follow and see if the market will show these effects.
There is no guarantee into trading - all depending on TA trends and data.
Have good time
# this is not a trading call - trade only depending on your setups.
$OMG/USDT 8h (#BinanceFutures) Falling wedge breakout and retestOMG Network (a.k.a. OmiseGo) regained 50MA support and is pulling back to it, looks good for another bounce after.
Current Price= 4.023
Buy Entry= 4.004 - 3.800
Take Profit= 4.399 | 4.798 | 5.237
Stop Loss= 4.085
Risk/Reward= 1:1.2 | 1:2.16 | 1:3.22
Expected Profit= +25.48% | +45.92% | +68.42%
Possible Loss= -21.28%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 weeks
Tags: #OMG #OMGUSDT #PoA #OmgFoundation #BobaNetwork #Layer2 #Scaling #DeFi #Payment
Website:
omg.network
Contract:
#ERC20 0xd26114cd6ee289accf82350c8d8487fedb8a0c07
OMGUSDT 3D TA : Support & ResistanceIt is in the range of resistance and support, which has lost its first downtrend support. If it can reach the resistance range, it will have a chance to climb up to $ 7.5 and $ 10. Otherwise we have a chance of losing up to $ 3. If the support of the trend line loses, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
OMG/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart, you'll see that my wave count is off. The 5th wave hit way sooner than my predicted area, it's right above the wave (3) top. We've gone below the .238 fib line and currently we're sitting right above it. On this chart you'll also see that our previous wave (4) has entered way into territory of 1. It is actually quite near the retracement of wave (2) so when I make my predictions on some of these charts I try not to enter the territory of wave (1), however it's crypto and anything goes, as you can see. As long as wave (4) retracement's do not go below wave (2) the counts are still valid. We are now at the accumulation zone and should be going up for the wave (3) impulse soon. Wave (2) of this bottom is near, technically we can still go down to 0.60 and this chart is still valid.
#OmiseGO #OMG - can hidden bullish divergence avoid breakdown?OmiseGO OMG - can hidden bullish divergence avoid breakdown?
The huge weekly support trend channel was broken to the downside and a conformation can occur within the next weeks.
But a hidden bullish divergence on RSI and MACD might lead to a fakeout and a recovery.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
OMGUSDT Bullish (222%+ Possible Or Much Higher)Here we can also draw a falling wedge.
We have the same signals we just looked at on the OMGBTC pair.
We have the inverted hammer candlestick pattern with a -8 on top of it as prices break out of the falling wedge and move above EMA10.
These signals in combination are really strong, as long as the week closes above EMA10 today.
We also have a higher low compared to Dec. 2020 and July 2021, which can lead to a higher high giving us a target much higher than 222%.
Thank you for reading.
Namaste.
OMG Network Long-Term (600%+ Next Bullish Wave)Is the bearish wave complete?
We don't know, people say it is impossible to predict anything, they say TA is junk; it doesn't work...
Come closer... Allow me to show you some Magic!
OMGUSDT Oct. 26 2021 (Inside this trade idea there is another one)...
Just based on this previous chart and the bullish sentiment that is growing today, we can expect another bullish wave.
I mapped some levels for you, 222% up to 620%.
But you still need to do your own research before you trade.
This is not financial advice.
Namaste.
OMISEGO - (OMG) TA TREND - LONGHello trading friends,
This is an update for OMGUSDT depending on daily trends.
OMG shows since today interesting trends depending on TA for long - the question is for how long this trends will go further.
This is just a view idea that OMG could be interesting coming time.
For further increase time, it's important that OMG hold the 4 USD trend within the time frame.
Trade always depends on your setups and trends.
Have a great day.
This is not trading or fiance call - Manage always your risk
OMG - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WEEKLY: Right Chart
OMG is overall bullish trading inside the brown rising broadening wedge pattern.
and now OMG is sitting around the lower brown trendline and green support, so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
OMG is forming a channel in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing.
Trigger => Waiting for that swing high to form around the blue trendline and then buy after a momentum candle close above it. (projection in purple)
Or waiting for a break above the last high in gray and above the blue trendline. (projection in red)
Meanwhile, until the buy is activated, OMG would be overall bearish can still trade lower inside the green support before activating the buy setup.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OMG Network Long-Term (600%+ Next Bullish Wave) - ResponseIn response to the idea published by @AlanSantana
There isn't much data to analyze on OMG as it is relatively new coin (not like BTC), however, OMG seems to be in a bottoming formation.
the pattern that OMG currently forming is similar to the one that was formed back in July last year.
I believe that the chart is self explanatory
And as always, this is not a financial advise
OMGUSD Very Strong Support0.5 acts as a very strong support for price, previously in quite a small period of time the price has touched this level (0.5) and successfully rebounded
It looks like the third touch is coming
The MACD is in a kind of megaphone state, the next upward tick of the indicator will be a larger one based on this structure
OMGUSDT --- head and shoulders patternFormation of head and shoulder pattern in 4H
-----------------------------------------------------------
"OMISEGO" sits on good supportHello .
The truth is that the price is on good support .
The trend line also has a good slope .
The price is moving smoothly (I'm sure a number of friends say that because it has become a dead coin) it means to me that the sellers are tired
but......
Because it is possible many people will enter the buying position in this area or those who have already entered and are now at a loss expect the price to be supported. If we see a fakeout, it is not bad and it all makes more sense.
BINANCE:OMGUSDT
OMG - WeeklyOMG in a pitchfork in the weekly time frame.
The price had a breakout and now the price is testing a new resistance. The price could have a pullback.
omgI think OMG has what we call an Irregular top pattern in EW. This is when the 5th wave finishes & the ABC correction starts but wave A is very shallow , fails to correct the 5 up. This leads to the B wave extending higher than the 5th wave & then the final C wave moves to correct from the top of wave B. I also think we had a classic 1-2, 12345 wave extension which usually shows wave 3 reaching the 1.618% fib extension B4 rolling over into wave 4 which is shown nicely in the chart as well. But all this considered I'D say that bottoms likely in or maybe a double bottom is coming..
$OMG / USDT LONG Trade SetupOMG Coin looks very good here. Many other S-Coins do too.
Good luck on your trading!
OMG/USDT 2 HOURS TRADE SETUP Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
OMG/USDT breaks this DESCENDING CHANNEL pattern and now retests it.
Entry: CMP and more upside the 21 MA
Targets: 20% TO 25%
Stop Loss: $4.4
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
OMGUSDT - Inverse Head And Shoulders Pattern!!OMGUSDT (4h Chart) Technical analysis
OMGUSDT (4h Chart) Currently trading at $4.54
Buy level: Above $4.53
Stop loss: Below $3.98
TP1: $4.82
TP2: $5.2
TP3: $5.5
TP4: $6
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.