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Omisego

OMG forming a nice bullish patternOMGUSD made a reversal from bearish pattern - descending triangle. This is a one of the most common patterns on the market. We saw that on couple of coins lately - last one on IOTA which increased almost 3x in value. OMG managed to bounce up from the support line and its now forming a bullish pattern. If the trendline holds, $10 is reachable from here. You can wait and enter position closer to the trendine and set your SL just under trendline.
BITFINEX:OMGUSDLong
by Tilen_tradershub
OmiseGo Bullish Symmetrical TriangleThis is a classical Symmetrical Triangle that's forming. RSI and MACD are indicating that the price is going to decrease and fulfill the second correction leg for this pattern before further upward movement is confirmed. Remember that The Symmetrical Triangle is known from it's explosiveness. After it breaks it will do it rapidly. Having knowledge of this helps us to set buy targets and stop losses early. I'll keep you updated what will happen. Trading information: Buy: 7.9 level Partial Profit: around 10 level Longer Term Profit Levels: 13 & 14 levels Stop-loss: 6.5 level Note this is a long term trade! Things to remember: -> To trade safely we need to use stop losses in case something goes wrong. -> Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement. -> Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement! Be Careful While Trading! Any questions or need help? Feel free to leave comments and feedback! Yarr!
BITFINEX:OMGUSDLong
by yarr
6
Omise Go(ing up)Here OmiseGo finally breaks out of the long term downtrend it faced after being introduced to the world and pumping to high heavens. As BTC corrects down, it is nearing the end of the 'B' wave. This should confirm BTC's bear market and thus will make alt coins and their holders very happy. ETH also appears to be showing bullish signs and thus the cards seem to be in place for an Omise pump. Analyzing the MACD we can see that there is bullish hidden divergence in place. Smaller timeframes (I.E 1hr) also depict bullish divergence for the move which breaks out of the correction. Entry point is $6.40 T1- $8.50 T2- $10.00 T3- $12.00 SL: $5.50
BITFINEX:OMGUSDLong
by ArmandBouillet
4
OMG! Catching Structural Wave 3OmiseGo has performed well against the risks of capital flight plaguing the altcoin sector over the last few months, managing to stay above the major key fibo level. Currently it has broken through a significant downtrend line, ruptured through BBs to the upside, and is showing bullish signals on the RSI. Its possible we may see a trend reversal, with intraday (swing) trading opportunities. Possible targets for now to the upside are a MIN TP of $15.90 and a MAX TP of $18.79. Alternatively, we could see trend resumption and trade as low as $3.46 before bouncing back to the $10 region. My strategy also involves analyzing the OMGBTC chart, and it should be noted that currently we lack support for a trend reversal in this pair. *This instrument saw a 3500% increase in value from inception to its peak of $13.70, so a further correction is very possible. ***Bitcoin's bullish cycle has expired, and the impact that this variable may have on the altcoin sector is not clear at this time. As always, I'll be updating this thread as we go along. Cheers and GLWT, -Erik
BITFINEX:OMGUSDLong
by Trader6127
12
OMG Trade SetupWe have reached a perfect accumulation zone for OMG confirmed my trend channel and fib. I love such moments when you get a valuable coin at a 50% discount! OMG is one of those coins that I expect to easily reach $100-$150 by the next 12 months. Here is our next OMG trade: BUY: (In the yellow accumulation zone between $6.24 - $5.27) TP1: $10.22 TP2: $12.84 TP3: $15.73 STOP LOSS: $2.95 I expect that we would reach TP1 very soon within the next 2-3 weeks (between the 16th and 25th of November) TP 3 hopefully in a month, by December 2017. Good luck :)
BITFINEX:OMGUSDLong
by JoeFares
1