OMISEGO/OMG - LONG SETUPOmiseGo looks good for the long entry.
Everything you can find by this chart here.
Enjoy!
Omisegodollar
OMG its bottomed out. 900% PP to previous highSo while everyone or most people right now are fixated on bitcoin and its momentous (and it is momentous) 4x over the past few months, it seems that everyone has forgotten about the alt coins.
Personally, I've been eyeballing the altcoins right now and I cannot find a more suitable position to begin accumulation of the coins you want right now.
OMG is just an example, but if you take up any many of the other altcoins right now they all look very similar but this is one of the reasons why I'm loving where one of my favourite coins are sitting right now.
1) traded well and into the weekly Bullish OB (marked out with a green box)
2) weekly RSI 9 and 45 moving averages have crossed suggesting beautiful momentum change.
3) RSI "bowling out" especially on the WEEKLY timeframe as well. looks fantastic.
4) I'll attach an image of volume from coinmarket cap, but there is massively increased volume around this area, suggesting large amounts of accumulation is happening
5) 2 Weekly RSI, RSI touched 40 and is now progressing away from it. This suggests to me that overall that this coin is very much bullish since bullish RSI ranges from 40-80(+) I'll add an image containing that image too.
Did you miss out on the hype train last time?
We waited almost 2 years for this.
The time has come and I intend to fully capitalise on this.
Timeframe over the trade will most definitely take time. I'm giving this 1 year to play out.
charts.cointrader.pro
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
There is a possibility for the beginning of an uptrend in OMGUSDTechnical analysis:
. OMISEGO/DOLLAR is in a range bound 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.
Trading suggestion:
. There is 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= @ 8.72
TP2= @ 9.60
TP3= @ 11.68
TP4= @ 14.90
TP5= @ 18.20
TP6= @ 20.09
TP7= @ 28.50
TP8= Free
There is a possibility for the beginning of an uptrend in OMGUSDTechnical analysis:
. OMISEGO/DOLLAR is in a range bound 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.
Trading suggestion:
. There is 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= @ 8.72
TP2= @ 9.60
TP3= @ 11.68
TP4= @ 14.90
TP5= @ 18.20
TP6= @ 20.09
TP7= @ 28.50
TP8= Free
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
OmiseGO at supportOmiseGO (OMGUSD) has been dropping since the beginning of this month and is now back to the support level around $9,00.
If price reacts and rallies from the support area, we can expect it to reach the resistance area around $13.
Once price reaches $13, we can expect some reaction to the downside.
If price continues to drop, we can expect the drop to continue to around $6,00.
Good Luck,
CryptoTrendline
OMGUSD (OmiseGo) wave analysis update: 4hr tfMy previous post on OMGUSD (4hr tf) can be found here:
It was mentioned in the previous post that a price close below ~$12.50 favored a bearish scenario for OmiseGo (OMGUSD). Price swing downwards from ~$17.82 on April 26, 2018 is therefore identified in this analysis to be a triple zigzag Elliott wave structure (W-X-Y-X-Z) that is not yet complete as we are in the last leg of the structure i.e. Wave Z.
The horizontal red lines on the chart from the previous post mark the region that is still favored for the termination of wave Z, before any bullish momentum can be sustained by OmiseGo (OMGUSD).
The point of invalidation (POI) of this analysis is a price close above ~$16.05 at which point OmiseGo (OMGUSD) would have invalidated the proposed Elliott wave structure.
OmiseGO (OMGUSD) wave analysis: 4hr tfMy previous post for OmiseGo (OMGUSD) can be found here:
It was mentioned in the previous post that OmiseGo (OMGUSD) had a limited upside potential before bears pulled the plug on the bulls. Price swing from ~$12.76 on April 14, 2018 to a price close of ~$19.50 on April 26, 2018 is identified in this analysis as an ending diagonal (wedge) Elliott wave structure. The implication of this is a reversal in price to at least the origin of the wedge, which seems to be the case for OmiseGO (OMGUSD).
The best course of action based on this analysis is therefore to be patient to see how price action further unfolds for OmiseGo(OMGUSD). The reason for the previous statement is because there is a bullish or bearish scenario that could possibly play out for OmiseGo (OMGUSD).
Bearish scenario: (Price closing below ~$12.50)
If this is the case, this analysis favors OmiseGo (OMGUSD) targeting support as indicated by the horizontal red lines.
Bullish scenario is only been considered here because the price move $19.50 to ~$13.84 on May 11, 2018 is a 3 wave price swing which implies potential movement in price back to the $19.30 area or even finishing past it as either a minute wave ((b)) of a regular flat or expanded flat respectively.
It is therefore best to be patient in this case to see how price action transpires inorder to take the appropriate action for OmiseGo (OMGUSD).
There is a possibility for the beginning of uptrend in OmiseGoTechnical analysis:
.OMISEGO/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (12.50 to 10.07). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (12.50)
.Ending of entry zone (10.07)
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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 15.55
TP2= @ 18.20
TP3= @ 20.28
TP4= @ 28.50
TP5= Free
There is a possibility for the beginning of uptrend in OmiseGoTechnical analysis:
.OMISEGO/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (12.50 to 10.07). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (12.50)
.Ending of entry zone (10.07)
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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 15.55
TP2= @ 18.20
TP3= @ 20.28
TP4= @ 28.50
TP5= Free
