One Major Indicator Could Signal Bull Price Action SOON for OMGAs we continue our crusade of analyzing as many coins in the sphere as possible, we will look into $OMG #OmiseGo next.
In the picture above, we can see the price is hanging outside the bottom of the ZN Bands.
This would indicate that an impending bounce could be on the way.
Let’s check the moving fibs.
Moving Fibs Indicator (Custom)
According to the Moving Fibs, the next target would be the support point that is delineated by the blue line that you can see above.
That support point is hanging at about 47.7k sats.
If the price were to head to that point, it would represent an loss of approximately 3% from where the price is currently.
Zerononcense Price Bands
The chart above is self-explanatory for the most part.
RSI(14)
There’s a ridiculous amount of divergence between the price action for $OMG and the RSI(14) on the daily.
This is something that cannot be ignored because it is positive divergence.
This could be a secret breakup when considering the amount of divergence that is on the coin currently.
We’ll definitely make sure to keep an eye on this in the future so that we can ensure that we have front court tickets to the breakout when and if it does happen.
Conclusion
Every other indicator on planet earth apart from the RSI(14) is telling us that $OMG is an immediate sell and should not be touched for awhile.
However, that RSI(14) positive divergence is ridiculously large, and this is something that cannot be ignored.
OMGBTC trade ideas
Right time to invest in omisego OMG and make good profit 37-138%OMG BOTTOMED
GOT SUPPORT AT PREV. SUPPORT LEVEL OF 45111 SAT, WHICH IS AT FIB 100
OMG JUST OVER THE EDGE OF EMA 21 WHICH IS GOOD
OmiseGo News: Team Close To Completing Plasma Integration
OmiseGo is building a public, permissionless, peer-to-peer network that focuses on mobile wallets being used in Southeast Asia. As an ERC-20 token based on a decentralized exchange, OmiseGo will be scaling their startup with Plasma technology.
In their most recent announcement, the OmiseGo team detailed where they’re at in terms of completing the ambitious Plasma project, as well as what they’ll be researching during their next phase.
5 MONTHS BACK NEWS - Vitalik Buterin: Sharding and Plasma Could Scale Ethereum by 10,000x
Spiked the price of OMG AND ETH
STOP LOSS 45111 SAT
ENTRY PRICE BTW 47189-52962 SAT
TARGET PRICE in SAT
MAIN TARGETS
------------
1. 68611
2. 85674
3. 117519
OPTIONAL TARGETS
--------------
139886,
162000,
189000 SAT
OMG up rally got strong resistance at FIB 38.2 & 23.6
HOW TO TRADE?
KEEP STRICT STOP LOSS, NO MATTER IF IT TRIGGERED, VERY LITTLE LOSS, BUT VERY LOW CHANCES OF SL TRIGGER BECAUSE OF OMG NEWS.
Always trade with news here, once you are in good profit, make sure you exit at each profit levels. After every small rally there will be correction and if market goes good, you can take reentry.
If omg breaks fib levels strongly, wait for next level, becareful at fib level 61.8 1,17519 sat, make sure you book 60% profit here.
DISCLAIMER: This analysis is just for eductional purpose, users are requested to DYOR before any type of investment.
Regards
Zia
OMG To LaunchpadBITFINEX:OMGBTC one of coins that dropped over 80% since ATH and now it's back to launchpad " Accumulation zone" ..
I recommend entries to be between 49k Satoshis - 39k Satoshis ..
Coin has a great potential to go double in a very short time ..
join us for more ideas and trades : t.me
Omisego - Will soon have you saying "OMG!"Omisego is sitting on key support and an oversold weekly chart. Great risk:reward here. OMG is one of the few alts that has yet to jump making it even more attractive. And judging from its history, when OMG takes off, it goes on a rampage. My initial short-term (end of year) target is .0012.
OMGBTC Falling Wedge. Breakout 14-16th of NovemberOMG looks like it's going to bottom above the red FIB line at 0.326 level.
The road to the bottom will likely be within that falling wedge shown in the chart.
The pump should take it up to at least 0.001 BTC, or FIB line 1.
The Pivot Point (Hammer) is the support of the Falling Wedge and the FIB line at 0.326 level. This is between the 14th - 16th of November.
OMGBTC a good opportunity to earn fast profitWe carefully analyzed the coin as it has great fundamentals and has been in decrease for a long time with a great chance for rebound.
Currently the price broke out from the local descending channel. Bullish XABCD is being formed. The pattern will be finished at the level of our 1st and free target. VWMA, MACD and HMA are bullish too.
More detailed information can be found in the signal. Follow the strategy and sell at the 1st target then rebuy again to earn more profit with the 2nd target and so on
Longer consolidation pattern for OMG We haven't post much this week due to the conditions of the market, although we think that the bottom has been set we need Bitcoin to start showing strength. Trading ranges are narrowing each day, and until a break out occur and the market starts showing a clear direction, we need to be patient.
This is our view on the total market cap: