OMGBTC trade ideas
OMG flags, wedges, and double bottoms!Price is forming a falling wedge/flag and has broken through the bottom of the kumo.
Although, Senkou lines have weakened near 6/16~
Stochastic RSI forming a double bottom
MACD confirming very oversold conditions.
The current horizontal movement of the Kijun/Tenkan show that the downward momentum has begun to slow down.
10xFold or $130 this year, but first we have to hit $33.We are in the ascending Wedge starting 2018, and it looks the price is about to hit base A, so if there was a time to enter this is it.
We still need to have ABC to finish with a leg C to give us the director of the trend, so III is just a hypothetical point without a direction, and same goes for IV.
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
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Thank you,
Ajion
omisego teasinghi, omisego is teasing me tbh. i like when charts has a dip with volume that doesent make new lows (Current candle). its as if someone is absorbing the sells - could be an insider, could be because of public news, who knows (i havent checked). But it could be the start of something good if you go long. Lets see.
OMG 30m about to break out, yet careful.I am mostly long on this position, it might have the long moon-breakout soon, this would be a good starting point for it to do so. Anyhow, I would still watch the price carefully and it breaks the support, it will have another retracement. Keep in mind the bullish forecast for BTC in May every year after consensus. This could break the resistance. Apart from that RSI seems to have formed a double bottom and Bollinger Bands look to get closer.
Just an explanation of whats going on with OMGOmisego currently finished its 5 downward impulse waves and is in an abc correction, i believe a longer abc correction is going to happen and we will spiral even more down after the correction, either forming an additional abc, abcde or simply the start of a new downwards elliott wave. Everything im looking at says short until btc start behaving again.
Thanks and let me know what you think. :)
OMG: NOW OR LATERASCENDING TRIANGLE
STRONG RESISTANCE
RSI IS ON SUPPORT
T1: 2219 SATS
T2: 2731 SATS
T3: 3155 SATS ASCENDING TRIANGLE TARGET
S1: 1500
DYOR
$OMG Bull-Run Beginning! Pennant over #OmiseGO long awaited MoonI've been following OmiseGO for a long time. OMG has top fundamentals and has had a steady growth of support for some time now. I made a lot with my last bull-run prediction. This time, not only is it the same pattern, but we've reached the end of the pennant; support is breaking through resistance and we're about to skyrocket to the moon. I do not say this lightly. Load up now or forever hold your peace.
OMG - Slow profits, good profits.OMG is one the top asset in the Crypto space. See below what we can expect!
Analysis:
The value is running at the support and could increase from here or head down. Confirmation is needed(we as Wise traders don't believe in catching the dip and sell the peak).
Indicators: RSI is trying to hold 50 level while 4 hrs TF showing strength. MACD is still bullish and seems to diverging to give bullish sign. Volume is low.
Further comments: Confirmation is needed and if support is broke then next potential supports has been marked in Graph.
Happy Trading!
OMG To The Moon!
Daily
Looking over at our trend timeframe we see price is in a beautiful uptrend. OMG is looking to form a Higher Low @ 147000 sats. Triple top on the daily resistance leads to this idea. Another possible idea is a breakout towards the upside, with a daily close above 181700 sats. Stochastic RSI showing momentum has bottomed out, and is slowly heading towards the upside.
4Hour
Shifting over to our pattern timeframe we see price tested 170000 sats multiple times. A 4hour close above 181700 sats on the 4hour activates the trade. Momentum looking bullish on pattern timeframe.
Hourly
Finally looking over at our trigger timeframe we see price has formed a double bottom inside our support zone. An hour close above 177000 activates our hourly trade. Stochastic RSI showing short term bearish momentum.
Coin: OMG
Exchange: Bittrex
Buy Stop: 181700 sats
Target 1: 182600, (+10%)
Target 2: 250000,(+ 37%)
Target 3: 332200, (+83%)
Stoploss: 170000, (-6.5%)
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Extension #2, $OMG
Daily
Looking over at our trend timeframe we see price is in a beautiful uptrend. OMG is looking to form a Higher Low @ 147000 sats. Triple top on the daily resistance leads to this idea. Another possible idea is a breakout towards the upside, with a daily close above 181700 sats. Stochastic RSI showing momentum has bottomed out, and is slowly heading towards the upside.
4Hour
Shifting over to our pattern timeframe we see price testing 170000 sats for support multiple times. A 4hour close above 181700 sats on the 4hour activates the trade. Stochastic RSI showing momentum is bullish.
Hourly
Finally looking over at our trigger timeframe we see price has formed a double bottom inside our support zone. An hour close above 177000 activates our hourly trade. Stochastic RSI showing short term bearish momentum.
Conclusion
Buy: After break and close above 181700
Sell: DM me I’ll send you my donation address