OMGUSD trade ideas
The FUTURE High / Low price swing dates for OMGUSDThe FUTURE High / Low price swing dates for OMGUSD
OMG USD SPECULATIONPosting this so that I don't forget to keep track of it.
Not to be taken very seriously, I have no idea what I'm really doing here =P
The FUTURE High / Low swing dates for OMGUSD Previous predictions posted on November 8, 2018. Updated with new Swing dates on November 22, 2018
The FUTURE High / Low price swing dates for OMGUSDThese are the FUTURE dates for OMGUSD with the highest probability for experiencing a price swing high or low. Apply your own indicator(s) to determine the price swing direction.
OMGUSD: The impossible sell target is close to being accomplisheThe first TP = 2.6561 has been hit and OMG is even near reaching our final 1.4942 target, which seemed impossible some months back. Needless to say the price broke the previous Rectangle and re-entered the 1W Channel Down (RSI = 32.200, MACD = -2.084, Highs/Lows = -1.0815, B/BP = -2.6173) which can extend for a Lower Low as low as 0.7727 (monthly SMA200). Once our last target is achieved, our long term sell strategy on Omisego will be completed and we will wait for a clear bottom (at least 3 sideways/ bullish monthly candles) to be formed, before we engage again.
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OmiseGO [OMG/USD] Risky Trade Opportunity!Hey!
Those who just can't wait and those who want to make trades on the risky market then here is a possible trade opportunity.
Technical trade criteria:
1. Round number $2.5
2. Trendline should act as a support
3. 50% from the current top
4. Fibonacci extension levels
5. Different timeframe RSI Divergence
It should make a pretty good profit but currently the market situation is a bit risky (BTC' shows some small signs to make another leg down, at the moment no clear confirmations) so maybe You want to wait a little bit or starting the laddering tactic.
Targets are on the chart - arrow top points!
Hopefully, this analysis helps You out a little bit to confirm Your own!
Please, don't forget to LIKE!
Have a nice day!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
$OMG & $XRP ADDED TO COINBASE? Head over to: custody.coinbase.com
and see for yourself.
Above are 2 charts, OMIG (white) & BAT (red)
The green box on BAT is when the Coinbase hype started.
Today we have reason to believe OMG is next.
NO ONE IS TALKING ABOUT THIS***
If OMISEGO gets added to coinbase whilst BTC is dumping it may be a non-event. Trade carefully in these treacherous conditions.
OMGUSD, BITFINEX (15.11.2018)Trading Signal
Long Position (EP) : 3.0457
Stop Loss (SL) : 2.6143
Take Profit (TP) : 3.9085
Description
formed Turtle soup at D1 time frame. Trade setup with buy stop at previous low and place stop loss at new low.
Once the position was hit, place take profit above 2X of (EP-SL)
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 OMG = $3.0457
EP to SL = 0.4314 Tick
EP to TP = 0.8628 Tick
So; Token size to open = 20 OMG
Expected Result
Loss = -$8.628
Gain = +$17.256
Risk/Reward Ratio = 2
OMG long term bottom? OmiseGo, Part 3My previous analysis:
Previous analysis i showed a few signs, indicating the possible weakness on the short term, which got confirmed quite clearly eventually. It was a good example of a better safe than sorry situation. It bounced up twice exactly from that support area i showed and so far it has been moving up slowly.
I am going to try and trade this one, risking a tiny amount at the start and having a potential big win. How? well let me show you. I want to see a small drop again towards that trend line and green support zone , there i will buy a small amount and use that red zone below it as a stop loss. So if this fails, it will only be a small loss. If that plays out and we start to see the market move upwards, i will increase the size when we break that first red resistance zone and increase it even more if the second one breaks as well. While i increase, i move the stops higher as well to keep the same risk.
The daily candle looks quite good now, but still very low volume so we need to see more conviction from buyers here. The volume will probably start after the second red zone breaks.
Depending on your type of trading, you should choose if you look on the left or the right. Because looking at both shows you a lot more noise and makes things more complicated.
Most important factor in this whole idea is the following: The higher lows pattern The whole analysis (since part 1) has been based on this assumption. This pattern needs to hold. Second factor is the bullish wedge, that one gives more room to the downside, but if the higher low pattern breaks I won't be hoping for the wedge to work out.
Volume is dropping during this drop, showing there is not real selling pressure (or there are no buyers for sellers to sell in to :), in crypto it can be both). Anyway, for the bullish versions to succeed, we need to see that volume increase again.
Please don't forget to like if you appreciate this :)
Previous analysis:
Future price swing dates for OMG based on the Stoch RSIFuture price swing dates for OMG based on the Stoch RSI
OMGUSDMy personal purpose.
Looks like OMGUSD trying to breakout its pattern.
Let's keep watching.
Good luck.
OMG long term bottom? OmiseGo, Part 2Previous analysis i showed a few signs, indicating the possible weakness on the short term, which got confirmed quite clearly eventually. It was a good example of a better safe than sorry situation. It bounced up twice exactly from that support area i showed and so far it has been moving up slowly.
I am going to try and trade this one, risking a tiny amount at the start and having a potential big win. How? well let me show you. I want to see a small drop again towards that trend line and green support zone, there i will buy a small amount and use that red zone below it as a stop loss. So if this fails, it will only be a small loss. If that plays out and we start to see the market move upwards, i will increase the size when we break that first red resistance zone and increase it even more if the second one breaks as well. While i increase, i move the stops higher as well to keep the same risk.
The daily candle looks quite good now, but still very low volume so we need to see more conviction from buyers here. The volume will probably start after the second red zone breaks.
Please don't forget to like if you appreciate this :)
Previous analysis:
OmiseGoOMGUSD
Breakout the triangle resistances. Important resistance level is 38.20%Fibonacci, main target for this trade is 50%Fibonacci.
OMGUSD: Still sideways until the Rectangle breaks.The 2.9590 - 3.8740 Rectangle remains valid (ADX = 33.882) but on increasing bearish bias (MACD = -0.046, Highs/Lows = -0.0418) indicating that a support break out is imminent. Until that happens of course, every spike towards the 3.8740 is a short opportunity since the long term trend remains bearish on 1W (RSI = 36.187). We remain bearish on Omisego with TP = 2.6561 and 1.4942 (long term).
OmiseGo analysis: 6 hour timeframeThe 6 hour timeframe of OmiseGo is presented in this analysis with price action from August 17, 2018 to current date. ~$3.84 and $2.99 have marked a horizontal barrier for price action since September 19, 2018, with $3.84 acting as a ceiling for price and $2.99 as support area.
The width of the pattern best described as a rectangle bottom pattern is indicated and taken as $0.85 ($3.84 minus $2.99). A successful breakout above $3.84 or below $2.99 should provide a $0.85 move as a minimum expectation for the price of OMGUSD i.e. projection of ensuing move following a successful bullish or bearish breakout.
