Omisego
$OMG/$BTC: 4H - H&S pattern, 1D - bounce from Ichi Cloud bottom4H - Head and Shoulders pattern:
Breakpoint rate: 0.00052000
Take-profit rate: 0.00053800
Profit percentage (%): 3.46%
Stop-loss: 0.00051400
Breakpoint date : 2018-11-09 19:20:00
Timelimit date : 2018-11-10 11:20:00
Entry risk: -1.15%
Risk/Reward: 0.33
1D - pullback to ichimoku cloud bottom:
Target - Ichimoku Cloud top ~572sat.
OMG long term bottom? OmiseGo, Part 2Previous analysis i showed a few signs, indicating the possible weakness on the short term, which got confirmed quite clearly eventually. It was a good example of a better safe than sorry situation. It bounced up twice exactly from that support area i showed and so far it has been moving up slowly.
I am going to try and trade this one, risking a tiny amount at the start and having a potential big win. How? well let me show you. I want to see a small drop again towards that trend line and green support zone, there i will buy a small amount and use that red zone below it as a stop loss. So if this fails, it will only be a small loss. If that plays out and we start to see the market move upwards, i will increase the size when we break that first red resistance zone and increase it even more if the second one breaks as well. While i increase, i move the stops higher as well to keep the same risk.
The daily candle looks quite good now, but still very low volume so we need to see more conviction from buyers here. The volume will probably start after the second red zone breaks.
Please don't forget to like if you appreciate this :)
Previous analysis:
OmiseGoOMGUSD
Breakout the triangle resistances. Important resistance level is 38.20%Fibonacci, main target for this trade is 50%Fibonacci.
OmiseGO Bull Trend Has Started According to Tom Demark CountOmiseGO closed a green 2 candle on the daily chart which is a clear buy signal according to Tom Demark count. Stoch RSI has room to go up. I expect the price to move upwards up to 7 days.
Here is my trading idea:
Buy: 521 - 530
Sell targets: 536 - 550 - 567 - 607 - 666
Stop loss: 498
Daily Bullish Signal $OMG #OMG OMG/BTC (05 November)BLUE ARROW indicates expected Time and Targets
Follow me for more signals daily
omg its OMGOMG breaking out of accumulation zone. Good candidate to pump if she breaks through the falling wedge. She hasn't had a good run in a while....
$OMG - Trade Setup (LONG)1. Sitting on long term support.
2. Bullish divergence on RSI
3. Ben Trend Indicator showing bullish signal
4. Good upside potential 150-300%
$OMG Short Term and Mid Term Gains Idea. Whale Incoming...The trade that match with my criteria, one of them at the moment is OMG!
You can see the indicators at the moment are so tempting, plus, OMG haven't have it's return to bounce, so it could be it's time soon as the chart looks bottomed out for days now.
If you wanted to play, I already put short term targets on white line and mid term target on Yellow.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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OMG End of November breakout/Potential falling wedge. Tight range toward the bottom of the wedge when it falls in line with long term support.
OMGUSD: Still sideways until the Rectangle breaks.The 2.9590 - 3.8740 Rectangle remains valid (ADX = 33.882) but on increasing bearish bias (MACD = -0.046, Highs/Lows = -0.0418) indicating that a support break out is imminent. Until that happens of course, every spike towards the 3.8740 is a short opportunity since the long term trend remains bearish on 1W (RSI = 36.187). We remain bearish on Omisego with TP = 2.6561 and 1.4942 (long term).
OmiseGo analysis: 6 hour timeframeThe 6 hour timeframe of OmiseGo is presented in this analysis with price action from August 17, 2018 to current date. ~$3.84 and $2.99 have marked a horizontal barrier for price action since September 19, 2018, with $3.84 acting as a ceiling for price and $2.99 as support area.
The width of the pattern best described as a rectangle bottom pattern is indicated and taken as $0.85 ($3.84 minus $2.99). A successful breakout above $3.84 or below $2.99 should provide a $0.85 move as a minimum expectation for the price of OMGUSD i.e. projection of ensuing move following a successful bullish or bearish breakout.
OMGBTC: Making a strong bullish case Technical : OMGBTC after losing 83.21% from ATH is finally showing signs of a bottom. Not only that, we can also see textbook accumulation pattern. It seems for 48 days we have been in a tight range. At first the bottom was formed following which a breakout attempt was made which failed. It proceeded lowers for a liquidity tap by taking out all stops below the previous formed bottom. From the middle of the range we dropped down to the bottom of the range where we seem to have found support.
Relative Strength Index has always been a precursor for OMGBTC right before a bullish move. On 1h to 5h TF we can see that consistently we are seeing bullish divergence. Not only that on the daily chart we had formed a bullish divergence.
Now BTC might fall a little bit more and drag OMG down a tiny bit but the bullish case is too strong here.
There's a lot going on in the Fundamental side of this coin but I prefer not to get into it again. There was also some announcement about an airdrop.
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I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
OMGUSD: Rectangle on 1D identified. Sideways until (S) breaks.Omisego is trading sideways within a 1D Triangle (RSI = 53.725) under High Volatility (ATR = 0.2020) that keeps the price within a 2.9590 Support and 3.8740 Resistance. Due to the underlying long term bearish trend on the 1W chart (RSI = 37.359, MACD = -2.090, Highs/Lows = -0.1851, B/BP = -1.9305), shorting every move near the Resistance is better suited than a full scalp. That is why we remain bearish on OMGUSD with TP = 2.6561 and 1.4942.
OMG/USD descending trendlineBreaking this descending trendline would be bullish in my opinion. Stochastic RSI and MACD are looking good to try an upward movement. I doubt this can by typified as a falling wedge but I included the lower line nevertheless.
OmiseGOOMGBTC logarithmic chart
The falling wedge with good signals from indicators.
Have resistances from Moving Averages.
Right time to invest in omisego OMG and make good profit 37-138%OMG BOTTOMED
GOT SUPPORT AT PREV. SUPPORT LEVEL OF 45111 SAT, WHICH IS AT FIB 100
OMG JUST OVER THE EDGE OF EMA 21 WHICH IS GOOD
OmiseGo News: Team Close To Completing Plasma Integration
OmiseGo is building a public, permissionless, peer-to-peer network that focuses on mobile wallets being used in Southeast Asia. As an ERC-20 token based on a decentralized exchange, OmiseGo will be scaling their startup with Plasma technology.
In their most recent announcement, the OmiseGo team detailed where they’re at in terms of completing the ambitious Plasma project, as well as what they’ll be researching during their next phase.
5 MONTHS BACK NEWS - Vitalik Buterin: Sharding and Plasma Could Scale Ethereum by 10,000x
Spiked the price of OMG AND ETH
STOP LOSS 45111 SAT
ENTRY PRICE BTW 47189-52962 SAT
TARGET PRICE in SAT
MAIN TARGETS
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1. 68611
2. 85674
3. 117519
OPTIONAL TARGETS
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139886,
162000,
189000 SAT
OMG up rally got strong resistance at FIB 38.2 & 23.6
HOW TO TRADE?
KEEP STRICT STOP LOSS, NO MATTER IF IT TRIGGERED, VERY LITTLE LOSS, BUT VERY LOW CHANCES OF SL TRIGGER BECAUSE OF OMG NEWS.
Always trade with news here, once you are in good profit, make sure you exit at each profit levels. After every small rally there will be correction and if market goes good, you can take reentry.
If omg breaks fib levels strongly, wait for next level, becareful at fib level 61.8 1,17519 sat, make sure you book 60% profit here.
DISCLAIMER: This analysis is just for eductional purpose, users are requested to DYOR before any type of investment.
Regards
Zia
$OMG - Trade Setup (LONG)- Sitting on long term support.
- Bullish divergence on RSI
- Ben Trend Indicator showing bullish signal
- Good upside potential 150-300%
OMGUSD: 1D Falling Wedge. Retesting the support.Omisego gave the expected bearish 1D candle that tested the 2.9640 support creating a Falling Wedge (RSI = 43.877, MACD = -0.127, Highs/Lows = -0.0320, B/BP = -0.0909). This should technically seek a Lower Low at 2.6561 (first TP) in the coming candles, but the 2.9640 1D support needs to break as so far it has been rejected twice. Even if the Wedge breaks, any upside is limited to the 1W 0.500 (4.0367) - 0.618 (4.2860) Fibonacci retracement. Longer term TP = 1.4942.
OmiseGO versus BTCOMGBTC going down in the demand zone and doing the accumulation process for good moving up.
OMGUSD: Still sideways. Approaching a bearish break-out.Omisego remains neutral both on 4H (RSI = 50.314, Highs/Lows = 0.0000) and 1D (RSI = 47.725, Highs/Lows = 0.0000) as it approaches the 1W Channel Down limitation. It will either be rejected towards 2.000 or bounce to the 0.500 - 0.618 Fibonacci retracement level. In both cases 1W is a strong sell (MACD = -2.179, Highs/Lows = -0.6889, B/BP = -28843) and should make a Lower Low. Our TP is intact for OMGUSD at 1.4942.
