OmiseGo (OMGUSD) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
OMGUSD trade ideas
OmiseGo Price Analysis OMG / USD: Nomura To The RescueFundamental Analysis
OMG has gained bullish momentum after its parent company announced an investment from Nomura Holdings, a Japanese investment group. The investment should support ongoing development for OmiseGo and other platforms under the company’s wing.
OmiseGo / USD Short-term price analysis
OmiseGo has a bearish short-term bias, with the cryptocurrency trapped below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that the OMG / USD pair is trapped within a neutral triangle pattern, with bulls pressing against key trendline resistance.
Technical indicators on the four-hour time frame are bullish and continue to issue buy signals.
Pattern Watch
Traders should note that a test of the OMG / USD pair’s 200-period moving average seems likely if a bullish triangle breakout occurs.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish and shows scope for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal.
OmiseGo / USD Medium-term price analysis
OmiseGo has a neutral medium-term trading outlook, with the cryptocurrency testing towards its key 200-day moving average.
The daily time frame is showing that OMG / USD bears have successfully invalidated a bullish inverted head and shoulders pattern. The mentioned time frame also highlights that price is trapped within a triangle pattern.
Technical indicators across the daily time frame are bearish and continue to issue sell signals.
Pattern Watch
Traders should note that the invalidation of the bullish pattern on the daily time frame is a significant technical development.
Relative Strength Index
The RSI indicator is also bearish on the daily time frame and shows scope for further downside.
MACD Indicator
The MACD indicator is bearish on the daily time frame, although it is extremely oversold.
Conclusion
OmiseGo may test back towards its 200-period moving average on the four-hour time frame if bulls can breakout from the neutral triangle patterns across both time frames.
The medium-term outlook for OMG / USD pair is weakening after the bullish inverted head and shoulders pattern on the daily time frame was successfully invalidated.
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
OMG/USD Looking for a short term buy setupHi Guys, OMG/USD Looking for a short term buy setup Break the smaller trend 2.4402 vs 2.8302 / 2.9641
OMGUSD shot up and on its way to 5-6 dollarsOMG price is above the triangle and top of the triangle (previous resistance) now serves as strong support, Now with new sharp trend line up. We are in a full bull mode until we get a daily candle close back inside the triangle
OMG - June Forecast - Strong Buy Hi Traders,
I have taken a fib from the new swing high to low, and targeting the first 23.6 level coming in around the $6.00 mark. This is also a key structure resistance level, which was the old base from the 2017 rally. To add to bullish picture - the 200 week moving average has just started to take form, which is also sitting pretty at $6.25. Lastly, the weekly RSI looking primed to break out above the KEY 50% bear control mark, targeting overbought.
I think an entry below $2.50 will be pretty good, but you must be willing to risk at least 20% downside. Take Profit ~~ $6.00. Expected trade duration: 6-8 weeks.
Risk it for the biscuit baby,
GL hit thumbs up
OMGUSD - Ascending Triangle I am waiting for the price to break and close above the resistance of the pattern.
Keep it simple.
OmiseGO: 6 Hour Timeframe Chart PatternsConclusion for today's OmiseGO price prediction: A close above ~2.51 favors a bullish bias.
The 6 hour timeframe of OmiseGo (OMGUSD) is presented with primary focus on the current bullish price channel (tentative). Bullish trendline in OmiseGo since February 06, 2019 has seen successfully provided support with price and also aided in construction of the channel.
The bullish swing in price up to a price peak of 2.5353 has been followed by meandering price action for more than 4 weeks. Also indicated is the current region of immediate support and resistance for Omisego.
A break below 1.5608 implies an increase in bearish strength. A break above 2.51 on the other hand favors more upside and continuation of current trade. Price closing above the upper boundary of channel providing additional evidence for a bullish bias.
OmiseGo Price Analysis OMG / USD: Go, But Where?OmiseGo / USD Short-term price analysis
OmiseGo has a bullish short-term bias, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that a complex head and shoulders pattern is building, with the bearish pattern warning of a much stronger downside move to come.
Technical indicators on the four-hour time frame have turned bullish and continue to issue a buy signal.
Pattern Watch
Traders should note that the downside projection of the bearish head and shoulders pattern would take the OMG / USD pair toward the April 2019 trading low.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish, although it is approaching overbought conditions.
MACD Indicator
The MACD indicator on the four-hour time frame has turned bullish and continues to issue a buy signal.
OmiseGo / USD Medium-term price analysis
OmiseGo has a bullish medium-term trading outlook, with the cryptocurrency holding price well above its 200-day moving average.
The daily time frame is showing that a bullish ascending triangle pattern has formed, with the OMG / USD pair performing a strong technical bounce from key trendline support.
Technical indicators across the daily time frame are attempting to turn bullish.
OMG / USD Daily Chart by TradingView
Pattern Watch
Traders should note that a bullish breakout from the ascending triangle pattern on the daily time frame would take the OMG / USD pair towards the November 15th trading high.
Relative Strength Index
The RSI indicator has turned bullish on the daily time frame and is starting to generate a buy signal.
MACD Indicator
The MACD indicator is attempting to turn bullish on the daily time frame as medium-term buying pressures build.
Conclusion
OmiseGo is attempting to recover bullish momentum across both time frames after eroding its hard-fought early month trading gains.
The four-hour and daily time frames are currently showing contrasting patterns, which further underscores the indecisiveness towards the cryptocurrency, following the strong early month sell-off.
Long OMG +200% upsideOMG has two very large volume voids above, resistance, when broken at short term target (40%), will become support to fill next volume void above
