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Omisego

#OmiseGO. Why this price surge ? Detailed Technical Analysis.Everyone is asking why has OmiseGO grown so fast last past days with no news. Well news are two: 1. OmiseGO at current marketcap is undervalued compared to other cryptos as it's an easy top 8 project. This means a 8 - 12 Billion marketcap. I see price growing from 5x to 7x from where we are now. 2. Technical Analysis. OmiseGO has been correcting since last months and bottomed at 5.5. At 5.5 all indicators turned bullish as we can see from the different pairs: Lets start from OMG/USD: Price bounced at historical support, drawing higher highs and higher lows. At the moment we are facing upper channel resistance OMG/BTC: Looking at the chart below we can see a Bullish divergence: Definition of Bullish divergence: We have a bullish divergence when the price makes lower bottoms on the chart, while your indicator (MACD in this case) is giving you higher bottoms. After a bullish divergence pattern, we are likely to see a rapid price increase. Nevertheless we have broke daily MA50 and price eyes next resistance daily MA100 OMG/ETH: Looking at the chart below we can see a Bullish divergence and a double bottom: Price broke daily MA50 and is facing resistance of daily MA100 These are all reversal signals that a trader must recognize. Targets: Based on what written above about marketcap. I consider OmiseGO an easy top 8 project. In terms of price this would mean a 5x to 7x.
BITFINEX:OMGUSDLong
by IamCryptoWolf
11
OmiseGo: The Clock Strikes Timely for Marketing ManiaThis market seems to work like a round about. Each new cycle of Bitcoin sends some alts flying up faster than others. I think Gen 3 has gotten some serious pump. However, OmiseGo is has recovered quite nicely since its last pump. This vixen of a crypto seems ready to go at any minute and will be drawing former devotees back to invest once again. There are cycles in crypto and OmiseGo will be part of the post-Bitcon-consolidation altcoin rally. Remember, with all the fear that Bitcoin is too slow to serve as a currency and too political to serve as a store of wealth; OmiseGo has positive press in both aspects. On the one hand, OmiseGo still has a partnership with McDonald's and is used - right now today - as a means of exchange. On the other hand, OmiseGo's mission statement is to, "Unbank the Banked" and they occupy a very large, relatively tech savvy and industrious region of the world, "Thailand, Japan, Singapore, and Indonesia, with rapid expansion plans to neighboring countries across Asia-Pacific." I believe it's time again for these types of coins to make a resurgence in price. However, what do I know? I am not to be trusted because I have no vaild insight and these statements should not be considered actionable or sane advice in any instance. Disregard this analysis as not usable. Cheers.
Long
by SgtOuiOui
5
OmiseGo (OMG) finally ready for next pump? Targets $27, $31, $41After my last analysis of OmiseGo (OMG) exactly happened like I've predicted it – even if there were some "lol" & "rofl" in the comments – I think OMG is now ready for the next move up. Bulls holding up the price on the current level since hours. On Bittrex there is ( update : was) ONE BIG buy order of 50.000 OMG at $15.13. Weak hands sold over the last hours to that price. We just saw a similar situation on 15th/16th December before the price was going down a bit and then increased heavily. Bulls will be happy about to get some cheap OMG before the next upwards movement. ;) Half of the order is already sold while volume increased. Update : while I wrote this, BTC price was going down what resulted in that the order is now completely sold as well. Targets should be $27, $31 and $41. With a heavy resistance at $20. But this wasn't a problem while the last pump as well. So, my theory is failed if we can not break the resistance at $20 before 29th December. This is not a technical analysis. It's more that I've tried to understand the behavior of the current pump. Let's hope that I am right and that we will see $30 before the end of the year. :) My trade is already/still active. Because I re-bought in again at around $10 I don't have a stop-loss for now. I just let it flow. Entry level is current price at around $15 or maybe up to $1 less if you think it will go down there. Good luck! Make your own analysis. Trade on your own risk.
Long
by r2d2One
3
Ripple Long Term Bearish Idea Yesterday the 20th December we saw a huge day for Ripple as it broke the $1 mark which is extremely encouraging. However yesterday we heard the devostating news that the coin exchange 'Youbit' was subject to a cyber attack - This saw huge declines today (21st December) all across the cryptocurrency market. A combination of people offloading their profits before Christmas arrives and negative news across all cryptocurrencies has seen Ripple drop as low as 0.5. As i write this article we are currently sitting at 0.92 So if there is any time as good as any to invest in a crypto, it would have to be ripple and try your best to get it before $1! Safe trading
KRAKEN:XRPUSDLong
by ITMFOREX
Sold OMG. Correction after ATH. Maybe soon we'll see $7 again.Ok. We not reached our $28 target (see my last idea below) yet but we made a really nice ATH to almost $22. Now it seems like a correction is coming in. Also BTC broke it's support line what is a sign for me for a harder dip soon. It's now likely that OMG get back to at least $12 area before it will bounce and we can reach our target of $28 sooner or later. If the resistance at $12 is breaking this can even go down to $9 or $7 area. I am out for now and already sold my position. Now I wait for a better entry level again because 290% profit seems to be enough and even if the bounce come earlier then I expect I am more than happy. My next entry levels depending on what will happen. Maybe at around $9, $7 or $11-12. If it don't go so low I rebuy at $21. Do your own research. Trade on your own risk. Last idea:
BITFINEX:OMGUSDShort
by r2d2One
10
OmiseGo (OMG) again seems to form 100% up move to at least $28I intensively following OmiseGo since about 4 weeks and for me it seems like there will be a price of at least $28 in a very short timespan. About 2 weeks ago I got in at $7.50. Today OMG reached it's first 100% profit target since then. After about 2 weeks of struggle with some resistance levels. OMG is following the FIB levels of the last ATH upswing almost perfectly what gives me a really good feeling about new highs within the next days (or even hours?). Today a lot of people invested a shit load of money in OMG what builded a beautiful bull flag and took out the heavy resistance at around 10.50/11.50. Of course this people don't do that for fun. They do it for profit and because they know when the time comes to invest million of dollars. Only on Bittrex (where I trade, just use the Bitfinex chart here because it shows longer history) there came in more than 4 million dollar within 60 minutes! The overall market cap almost doubled the last 14 days as well. Also there is a lot of attention for OmiseGo because of the latest announcements (1) and because Ethereum Founder Vitalik Buterin mentioned it as his favorite in 2018 (2,3). Not to mention that the project itself is very promising (4). Maybe there will be a little down move to the area at around $12 where we could find a cheaper entry before it go up again, but this maybe will not happen at all. For myself this is a safe bet and I already added up another 50% of my capital at $13.50 to my previous investment. Let's see when this will reach the moon. ;) 1) twitter.com 2) twitter.com 3) oracletimes.com 4) omisego.network Keep in mind that you always trade at your own risk. So do your own research. Good luck! All thoughts and comments most welcome. Edit: sorry, reposted this idea because I used the wrong time unit in the chart posted before. All content is identical.
BITFINEX:OMGUSDLong
by r2d2One
5
OMISEGO $20 PROJECTION?!OmiseGo looks to be breaking a key resistance level anytime soon. From this, we may see a medium-term increase to the $20 Mark where will we see some resistance and consolidation before another movement upwards. This is quite a big move for the cryptocurrency, however, the market has been growing at an exponential rate as more Media outlets are consistently talking about the new tech. $20 is also perfectly in line with the 1.618% on the Fibonacci which is also a further indication that we could see a move up to this price. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
BITFINEX:OMGUSDLong
by thomasfar6
OmiseGO Showing Bullish SetupBITFINEX:OMGUSD is showing clear bullish setup, since we saw a big spike down 2 days ago to around 78,6% Fibonacci retracement. So, from July to September we clearly see impulsive rally with five waves up into wave 1/A and from September to the end of November we see nice and clear three-wave (a)-(b)-(c) correction into wave 2/B. This is ideal pattern for bullish trend in Elliott Wave theory. So, we expect that "Omise will GO GO" towards new all-time highs into wave 3/C, where we see first target around 16 level, just keep in mind that bulls will be confirmed above 10 level!
BITFINEX:OMGUSDLong
by ew-forecast
7
Omise Go Go GoOMGUSD I bought around $6 and $7.5 when I noticed OMG has bottomed out and had a bullish crossover confirmation on the MACD. And if you zoom out of the day chart, you will see as clear as day the forming giant cup and handle on OMG. Technology wise, Omise has a huge potential in Asia where the growth centres and emerging markets of the world are now concentrated. Not to mention being the first Ethereum unicorn along with QTUMUSD. (please ignore the bigger fibonnaci, was incorrectly placed)
BITTREX:OMGUSD
by jayandrae