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Omisego

OMG Counter-Cyclical Breakout Trade: Good for 10 - 15%?Two possible pattern formations on the 30 MIN chart offer short-term long trades with nice R to R. Keep in mind this is a counter-cyclical trading environment, so I would stay disciplined on this one. - Breakout buy can be above $6.70 for a MIN TP of $7.34 and MAX TP of $7.95. - Breakout sell can be below $6.31 with a MAX TP of $5.70. You could carry this short forward, but with a major classical fibo support at $5.43 that is not recommended at this time. My strategy includes evaluating against BTC: In this chart we have upward potential sitting at the bottom of a larger falling wedge and the edge of a major fibo zone. A break to the downside may invalidate our OMGUSD idea.
BITFINEX:OMGUSDLong
by Trader6127
1
OMG/BTC: Market CyclesIt is not the time for going long on OMG. Profits should be taken from latest bounce. RSI on daily is showing oversold and a bullish divergence, indicating we could begin trending sideways. Upward trend is highly unlikely. Most alts reverse after 90% retracement. I am favoring scenario 1 because of the RSI, followed with a continuation of the downtrend. However, with segwit 2x coming in less than a month we have a big unanswered question over the entire market which could be bearish for BTC and alts. Scenario 2 is a possibility.
by Maximilian108
OmiseGo OMGUSD, Extended Triangle.I have redrawn so the triangle points more to the East, we might go a little bit more East. and whether it gonna go up or down, we will experience that together.! OmiseGo has proven the coin fundamental is strong. Despite unconventional marketing approach, the coin support is still good. Thanks to @PeacefulWarrior , he helped clearing some of my doubt. "Under any impulse you can find an event. I expect, follow the TA." PS. I draw graph for fun only, do not believe what believe what I have to say.
BITFINEX:OMGUSDLong
by vorapoap
OMGBTC - Potential Uptrend AppearingThis is a follow up to my post about OMG's Head & Shoulder Pattern from 10/05/17. As you can see from my original post, OMG did reach target of .0012 (slightly below actually) and has since bounced pretty nicely, even reaching .00155BTC. I'm not convinced we are in an uptrend yet. I still think we need a week or so to confirm. I'm of the belief we will see BTC reach 6,300 before the alts begin their resurgence. However, a couple things I will be keeping an eye on with regard to OMG: 1. Do not break new long term uptrend support line. If break, will trade between long term downtrend lines to about .001BTC with remote possibility of reaching .0005BTC if volume continues to decrease. 2. A close above the CCI zero barrier. This is the red line I'm pointing to with the arrow. A cross and close above this line will be my third and final indication that we are truly in an uptrend. This is the key factor I will be looking at. ***NOTE*** I typically wait a day or two for the CCI to close above the zero barrier multiple times as a reconfirmation of the uptrend. Here's to going long!
by dkozzyy
4