OMGUSD trade ideas
OMG/USD BREAKOUT TO ALL TIME HIGH.OMG Network (OmiseGo) trade idea.
IMO if this closes this weekly candle over 20$, it will go pretty fast to next resistance on ATH level (28$).
The RS against BTC looks great and I would just wait for a breakout with high volume spike.
So, just patience...
NOT FINANCIAL ADVISE.
OMGUSD Interesting JunctionOMGUSD is at an interesting junction as it passes through 2.618
Price tends towards volatility as it passes through these Fib levels within the circles
I favour price to continue upwards, however there is a chance that price falls as it aligns vertically with the circle
It is also supported currently by a rising support which gives me hope
OMGUSD Target Price 20.00OMGUSD Symmetrical Triangle, Horizontal Support & Resistance, EMA 10, EMA 20 and Diagonal Trend Line.
OMGPERPOMGPERP. Price action has been in a strong uptrend over the past weeks for OMG. Volume being traded has increased. Resistance has previously been rejected twice. Possible scenario, OMG bounces off trendline and break through resistance if given enough volume. Price will reclaim previous ATH & go into price discovery.
OMGUSD Target Price 13.77OMGUSD (OmiseGO)
14.41 EMA 20 Close Price
14.37 Fibonacci Level 61.8% (Price)
14.30 EMA 10 Close Price
14.28 Close Price
14.18 Previous Day Close Price
Omisego Sell a Break setup.OMGUSD - Intraday - We look to Sell a break of 13.698 (stop at 14.211)
Short term bias has turned negative.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Prices have reacted from 18.20.
We look for losses to be extended today.
The previous swing low is located at 13.75.
50 4 hour EMA is at 14.10.
Our profit targets will be 12.262 and 11.828
Resistance: 15.000 / 16.000 / 17.00
Support: 13.80 / 13.00 / 12.00