Omisegousd
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
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
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.
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.
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
OmiseGO Upside potentialOmiseGO (OMGUSD) rallied this morning and reached the resistance level around $20.
If price starts dropping down we can expect the support around $13 to hold and the rally to resume.
If price continues to trade above the resistance level and it becomes support, we can expect it to reach new all time highs.
There is a possibility that the resistance level around $25 holds price, but ultimately it looks like it's heading to new all time highs.
Good Luck,
CryptoTrendline
OMG Next target around $20 Expect the best for Omg !!!
You will take off for the moon !
Next target : around $20 (pink line)
A long-term trading opportunity to buy in OMGUSD. Wait to hunt!Technical analysis:
OMISEGO/DOLLAR is in an up trend and continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 55.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (13.77 to 11.46), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (13.77)
Ending of entry zone (11.46)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 15.55
TP2= @ 18.05
TP3= @ 19.70
TP4= @ 21.55
TP5= @ 25.53
TP6= @ 28.50
TP7= Free
A long-term trading opportunity to buy in OMGUSD. Technical analysis:
OMISEGO/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 65.
Trading suggestion:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend would begin.
There is possibility of temporary retracement to suggested support zone (12.50 to 10.07), if so, traders can set orders based on Price Action 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 "Hammer" or "Trough" , 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 15.55
TP2= @ 18.05
TP3= @ 19.70
TP4= @ 21.55
TP5= @ 25.53
TP6= @ 28.50
TP7= Free
OmiseGOOmiseGO (OMGUSD) has been rallying the last week and is now between support and resistance areas.
If price continues up, we can expect a reaction from the resistance around $20.
If price drops down to the support around $13, we can expect a bullish reaction with a possible move up to $20.
If price breaks the support, the next support area is around $9.00.
Good Luck,
CryptoTrendline
