Omisego
OMG is ready to make an entranceAs we can see, OMG has been stuck in a falling wedge and seems to me like an ABCDE correction. Rules of ABCDE correction dictate that there's a high probability of a breakout at termination point of Wave D.
Lets not forget that there are not one, but two airdrops incoming for OMG in the near future.
In short: We have Technical and Fundamental evidence to support a long position.
While all other coins have rallied OMG has been coiling up in this wedge. Now the Viper is ready to strike.
If we get a breakout the first target would be the highest point of the wedge for OMGBTC. Whereas OMGUSD should rally far more.
Godspeed
___________________________________________________________________________________________________________________________
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.
There is a possibility for the beginning of uptrend in OMGUSD Technical analysis:
. OMISEGO/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (7.00 to 5.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7.00)
Ending of entry zone (5.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 9.60
TP2= @ 12.50
TP3= @ 15.00
TP4= @ 18.20
TP5= @ 20.20
TP6= @ 28.50
TP7= Free
There is possibility for the beginning of uptrend in OMGUSD Technical analysis:
. OMISEGO/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (7.00 to 5.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7.00)
Ending of entry zone (5.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 9.60
TP2= @ 12.50
TP3= @ 15.00
TP4= @ 18.20
TP5= @ 20.20
TP6= @ 28.50
TP7= Free
OMG looking like a good buyUse a stop loss accordingly considering it isn't clear where btc is headed
OmiseGO (OMG) Top Altcoin (100% Profits Potential)OmiseGO (OMG) is one of the top altcoins, 20th by marketcap and just bounced recently from oversold on the RSI. Last time that OMG bounced from oversold back in early December 2017, it went on a 4x bull run, that's 400%+ increase in price.
Right now the Altcoins market is moving, positive/up, and OMG just bounced from the oversold line on the RSI. I am seeing a 200% earnings potential (100% profits) by looking at the daily chart.
We need the support of the market, if we want this goal realized. So let's take a look, let's see what we can spot by looking at the charts.
OmiseGO (OMGBTC) 100% Profits Potential Trade by Alan Masters
*** TRADE INSTRUCTIONS
Buy in: 0.00114 - 0.00129
OmiseGO (OMG) Targets by Alan Masters:
(1) 0.00144
(2) 0.00164
(3) 0.00178
(4) 0.00195
(5) 0.00227
(6) 0.00247
Stop loss: 0.00109
Next support:
(1) 0.000980
Capital allocation: 5%
Time: As long as it wants.
*** RESTING IS PART OF THE GAME
You can work, as much as you want.
You can train, every single day.
You can run, for miles long.
You can pray, to do so often is always ok...
But remember that resting is also part of the game.
Namaste.
#OMISEGO #BITCOIN #BITCOINPRICE #TRADING #BITDHARMAOMISEGO is found inside of a symmetrical triangle at the time it finished a falling wedge. Usually the upcoming trend is being bullish in both cases, symmetrical triangle and falling wedge.
Targets:
- 194000 Sats
- 170000 Sats
- 150000 Sats
- 136000 Sats
STOP LOSS: 104480 Sats Just in case price breaks green support.
Why did not OMG keep it?On 3days timetable it is clearly visible how OMG formed the head and shoulders, which is confirmed by volumes, breaking the basis and the most important price level 7.7-8.3.
Therefore, if the test of the price zone 7.7-8.3 or the basis in the area 9.7-10.4 will be successful - then I wait 3-3.5 $, and then possible and 1.4
OMG - Elliot Triangle completed - Uptrend about to startDear community,
OMG USD caught our intention due to its sane corrective behavior on top of strong fundamentals on the technology side.
Assumptions:
- Completion of Elliot Wave triangle.
- In last segment of resistance (see Pitchfan)
- Triple bottom within the triangle
-RSI oversold and at bottom
- Great R/R ratio
Stop Loss: $7.6
SL to be readjusted to break even after 1st is achieved and so on.
Target profits:
TP 1 --> $11
TP 2 --> $14
TP 3 --> $17
TP 4 --> $28
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
twitter.com
$Omisego, $OMG One More Bounce
Weekly
Looking at our trend timeframe we see price has broke our potential uptrend started on December. Stochastic RSI showing momentum is nearing bottoming out. Expecting price to drop towards 120000, where we could see a potential double bottom at this level.
Daily
Shifting over to our pattern timeframe we see price forming lower highs and lower lows. Stochastic RSI showing momentum is heading towards the downside and price is following. Shown above are two potential support zone, deepening on how much momentum the bears gain we can be seeing a drop towards 50000 where we could be seeing a double bottom as well.
OmiseGo (OMG) I'm bullish on this project. Two mainnets coming out - Cosmos and OMGPlasma mainnet.
Cosmos "Hardspoon" 1:1 for OMG holders.
DEX capable of 1bn+ trades/s.
Mobile wallet (I think Ethos wallet may be better though, Ethos and OMG team close so maybe something there..), real implementations already in use, real partnerships.
Very professional for a crypto project.
Good chance Plasma solves Ethereum scaling issue.
OmiseGo:
cdn.omise.co
Plasma:
plasma.io
OmiseGo Price Might Jump x10OmiseGo continues to reject the uptrend trendline, with the most recent touch occurred just yesterday, when it hit $9.2. This is also an 88.6% Fibonacci retracement level of the previous wave up.
If price stays above that support, trend reversal could take place. An it is very interesting that the nearest strong resistance is seen only at $88 area, which is almost x10 growth potential. Resistance is confirmed by two Fibs, first applied through the all-time high, and second applied through the current corrective wave down after the downtrend trendline breakout.
Nevertheless, the downside risk remains and will only become valid if OMG/USD will close below $7.1 low, established back in February. Only, in that case, the downtrend might continue.
OMGUSD 20%-30% Short OpportunityThere's a very lucrative opportunity walking around in your neighbourhood.
Now are you gonna be the one who waits patiently for it to knock on your door or are you gonna be the one who grabs it by the collar and reels it in?
Now on to the technicals:
Since BTC broke a major support line that has held for the better part of the year. Now even Perma-bulls have no alternative but to accept the obvious fact that we are in a bear market at least for the mid term. OMG has been in a Triple Three Corrective Wave for this entire year and is finally on its last leg.
This gives rise to a very lucrative opportunity and I'm all up for such easy trades.
Let me be very clear. This is a position trade. Meaning we only start and end the trades if it comes into our scaled order zones. Do not go ALL-IN. Only the orders that get executed go on for this ride.
Enter Short in the range of $9.94 - $10.42
Conservative Target: $8.0 - $8.5
Aggressive Target: $7.4 - $8.0
(Use protection, a Trailing Stop)
I'm expecting the green or blue box to hold. If both fail then your guess is as good as mine for the bottom targets.
Now let me be the Devil's Advocate and talk about why these targets might be challenging.
I don't expect the whales to just gives us the BTC targets of 5k-6k.
I expect many bull traps along the way. That means OMG too will spike occasionally and make failed rallies (which is why the protection).
The most important obstacles is that OMG has two airdrops coming up. If the dates are announced in between of our trade then it will most definitely spike and take our stop out.
Godspeed
________________________________________________________________________________________________________________________________________
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.
Bittrex: OMGUSD (Calculated from BTC)Price in global a triangle.
The price touched the support zone and rebounded, if this imgules is enough, it can exit the global triangle
OMG - OmiseGO symmetrical triangle breakoutOn the 4h time frame we are looking at a potential symmetrical triangle that is forming.
(This is not financial advice, this is a volatile market where anything can happen)
OMG 4HR Buy ZoneOMG approaching a key support level.
The purple lines are resistance/support.
The orange are the trend lines.
Here's a quick run down:
- Volume is looking good and is declining.
- MACD is looking to swing onto the bull side.
- Candles are still getting rejected to by the 10 EMA but despite that, all three of them are getting close to catching up with the 4 hr candles.
Most importantly though, the RSI tends to bounce from 25-30 and currently it's around 43 so it still has some ways to go. (I've been using RSI a lot more over the last few months as it's been very useful.)
The buy zone I've indicated between 1450 and 1370 is where I'm looking to scale in and buy some OMG.
Becky on OMG - Mcdonald it up!?Hey lovers, today we're looking at a smaller yet VERY promising coin!
OMG is one of these coin that every crypto professional has been looking at for a LONG TIME. We are all optimistic about OMG future but when is it gonna launch to the moon FOR REAL!? Well we have established a pretty strong floor at the 110 level and I really dont think we will see OMG go any lower ever again. For investors out there OMG is a very good pick. Anything under 150 is a good entry point.
T1: 163
T2: 174
T3: 187
Stop loss: 133
If we break 194 then we have a very good chance of MOON'ing
If we break 113 then RIP time to panic :D
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. Let's share the journey together! Follow me on Tradingview/Telegram <3
