OMG Possibility #1: Cup and Handle & Round BottomOmiseGo, using the OMG token is a crypto-focused branch of the traditional and well-established Asian payment gateway, Omise. It is as close to a bluechip coin as it gets and I have very high hopes for it in future. They have recently been in a fairly consistent bull channel despite not having the most announcements or the best general public relations, so we can expect any large piece of news or project update to have a large effect.
The first piece of TA i see forming is a possible cup & handle, with a definite round bottom.
Another bullish possibility I see is that we may actually be forming a bullflag at the moment (linked below), in which case some of the support lines shown here may be broken without necessarily indicating a trend reversal.
OMGBTC trade ideas
The desolation of OMG ?Wel i'm a big fan of OMG, great potential for this year! (without reading the charts). In Q2 there is PoS comming, if this happens there will be alot of atention. In the upcomming year we could se a market cap around the one of ethereum, do your research on this coin, u will be rewarded... I think.
OMGBTC Cup&Handle patternOn a day chart we found a Cup&Handle formation, it is more clearly confirmed on the longer time frame for example on a week chart. Stoch RSI also indicates further ascending trend. The price is above ichi cloud which is also a good sign. Beyond TA, fundamentals for this coin are also great. OMG is an ambitious and clever proposal for Ethereum PoS scalling purposes. The next targets are presented on the chart, safe buy zone is in the purple area.
OmiseGo (OMG) AnalysisJust retested current uptrend forming beginning to form pennant. playing the breakout of this formation. remember if your trading the breakout of this to set tight stop/loss orders
Buy orders can be placed at .0016
take some profits around at first target of 0.0021
overall im extremely bullish on this coin long term as well ethereum base fin tech i believe will be huge in 2018 with institution adoption
OMG/BTC - 2 entry points LONGI have had this coin for months. It was slow to increase in price but my hunch paid off well. With Vitalik Buterin(co-founder of Ethereum) at the helm of the Dev team it was a pretty good bet.
I have sold down at the target and I need to buy back in to build my position.
So I am scaling NEO at 334% profit to buy back into OMG to increase my overall ROI on my portfolio.
I can see two areas to buy in at a low risk. The area that I really like is the Trendline and the 0.382 of the previous bullish swing.
It looks like the perfect zone.
I shall wait and see what happens if/once price hits this area.
See fibonacci extension levels to take or scale profit.
OmiseGO OMG Forecast - January 2018 Sale!art shows how BTC's bleed dragged OMG coin down with it. OMG is currently trying to hold support level at 140,000. That support has already been broken and fib retracement (not shown in chart so as not to clutter) suggests next support level at 130,000. Hence it would be wise to place some orders between those levels.
Once BTC recovers, a reversal is expected and a bullish trend to form and potentially reach the flag targets in the coming days.
RSI: Oversold 35%
Events:
18 January 2018 Jun Hasegawa will be explaining OMG future plans
This is not an invesetment advice, always do your own research!
What? Market crashed? at least this one's not! Some of you guys have lost pretty lots of money over the last night. I've heard some of them just cut their loss. Well, as a trader and as a person who's going to stay in this market, we gotta capture some opportunity if there is any.
Although the whole cryptocurrency market is going down, there are some good coins still hanging in the range of uptrend box. This is one of them. Thus, I believe that this is a perfect time to review our portfolio to see which one is not good one or so.
It's easy to distinguish by just looking at the chart. If it's still somewhere around the box in this crashed market, then it's reasonable enough to say that 'it's still alive. And you're going to survive in the future'. Let me go ahead and get you up and running!
Trading Ideas: As you can see there, the bottom band is going down which means it'll go down for a next couple of hours but there is some buy opportunity near trending line. This is due to the fact that I don't see top bands going down towards candle at the same time.
There's always an opportunity for profits. Let's maximize it by minimizing the risk. How? by choosing and trading a healthy one :) Good Luck
OMG bounce Despite overall market bloodbath, the OMG-BTC rising channel remains intact. From a long term, fundamental perspective, OMG should do well, especially with Plasma implementation and wallet launch in Q1. Now possibly move to top of the channel, as it did previously for multiple times, and then consolidate around both 1. the previous resistance and 2. bottom of the channel. Another possible condition would be crawling on the bottom of the channel and work itself within this small triangle, and we go from there.