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OMGUSD trade ideas

Bullish idea on OMGIt has behave so well these days, now it faces resistance above the 15$ area, where it needs to breakout descending line of the triangle to reach levels at 18$ again and continue the uptrend to new highs!. This range will get us all the way up to 35$. So for now that would be my target for mid term. On the other hand, if it can´t cross above the triangle, it should retest the bottom at 8.5$-10$ and from that point I expect a strong Bounce. RSI shows almost overbought levels at 65, it seems a little difficult to have a big bullish rally starting from this point. As for now, we can say we have a consolidated market in OMG, now there's only one way to go, so we can continue the Uptrend for the year. I'll keep this idea updated.
BITFINEX:OMGUSDLong
by G0ldenross
1
A long-term trading opportunity to buy in OMGUSD. Wait to hunt!Technical analysis: OMISEGO/DOLLAR is in an up trend and continuation of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 55. Trading suggestion: There is possibility of temporary retracement to suggested support zone (13.77 to 11.46), if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (13.77) Ending of entry zone (11.46) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 15.55 TP2= @ 18.05 TP3= @ 19.70 TP4= @ 21.55 TP5= @ 25.53 TP6= @ 28.50 TP7= Free
BITFINEX:OMGUSDLong
by ForecastCity
6
A long-term trading opportunity to buy in OMGUSD. Technical analysis: OMISEGO/DOLLAR is in a Range bound and Beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 65. Trading suggestion: There is no trend in the market and the price is in a range bound, but we forecast an uptrend would begin. There is possibility of temporary retracement to suggested support zone (12.50 to 10.07), if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (12.50) Ending of entry zone (10.07) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 15.55 TP2= @ 18.05 TP3= @ 19.70 TP4= @ 21.55 TP5= @ 25.53 TP6= @ 28.50 TP7= Free
BITFINEX:OMGUSDLong
by ForecastCity
2
OMGUSD. Uptrend. Bull Trend We continue the analysis of cryptocurrency tokens. At this time, we pair OMGUSD. The trend is bullish. Rising Pitchfork, as accurately they describe his movement. At the moment, making a flag to wave 2. The trend has just begun. The goals are described in the chart. Breakthrough Vil will have bad consequences, but now that the danger is minimal. I think the wave will not reach the low of wave A of correction. Therefore it is already possible to buy
BITFINEX:OMGUSDLong
by TimurKuspanov
OMG entered corrective wave 4OMG has left the triangle pattern to the top as mentioned in the last analysis. It rose to fib retracem 38.2% (15,59$) as we have expected. This is / was the profit take - level. This was also the turning point from wave 3 (motive) into wave 4 (corrective). Now the price can fall till support at around fib retracement 23.6% (12,45$), perhaps even to swing trend line at 10.90$; this support shows more impact on the OMG-price than the fib retracement. At that point we should have finished the wave 4 and should re-enter in motive wave 5, which could lead us to fib retracement 61.8% (20$). Long investors can stay and hold, traders can take profit at this level and come back on lower levels. If OmG stops the actual correction and breaks the resistance at 38,2% to the top or if OmG falls deeper than 9.5$ the EW-wave is false. Indicators (RSI and ADX) are signalling a correction as well. We ´ll see. Good luck!
BITFINEX:OMGUSD
by Luettis
1
fishing of fishes in troubled waters is dedicatedTo fans of Alts and fishing of fishes in troubled waters is dedicated There is such a coin omg. Thai start-up is half-bank-half-wallet. Recently, the study of the movement of the price of OMG suggests that OMG is less volatile and sometimes ahead of the market (controversially!). Now for 1 hour: MACD - signal up After consolidation from April 16, the breakdown of the old level, the return of the POC  On the SMO indicator, bullish consolidation On the indicator of open interest is bullish consolidation. Efforts of bears (large volume) have not yet led to a fall. Bears kept the level. If bitcoin remains a little longer at the top or at least stops in the corridor and the price remains above $ 14 - there is a variant of the upward movement. Target1 = $ 18, Stop $ 13. You can try a small part of the deposit to risk buying $ 14.1. Profit / los ratio 1: 3 minimum. Personally, until I refrain - not a fan of extreme,but although the signal deserves attention. All profits!
BITFINEX:OMGUSDLong
by fvb
OMG in ascending triangleAt OMG we can see an EW-movement, which I´ve drawn in primary cycle. It is now the question if the last corrective wave has already ended or if we´ll see a new low at about 6.30$. At the peak of the ascending triangle we´ll see the new direction. Whether it turns up - then the corrective wave has ended and we´ll see a new trend (green arrow). Or it turns down - then the corrective wave continues and we´ll see a new low (red arrow). Up: +60% till the fib retracement 38.2% (15,51$) Down: -32% till the swing trend line at 6,28$ Indicators: in sum positive with RSI above the trend line and DI+ rising
BITFINEX:OMGUSD
by Luettis
OMG hitting critical resistance with high chance of breaking outFundamentals 1. Collaboration with DAO forming an alliance with MakerDAO which will improve and ensure the future decentralization. 2. Significantly, OMG cryptocurrency is built on Ethereum blockchain and achieves the highest scalability levels while at the same time enabling transparent peer-to-peer transactions that are fast (real-time) and secure. The decentralization feature is developed in a way that it can facilitate global sovereignty of every individual. 3. Overall the bitcoin market is in a highly probable sustainable recovery, with market expecting big investment houses to give the crypto market a boost. Technicals 1. Hitting the major trend line , within next few hours we should know if the price is able to break through the major resistance. 2. Rising RIS and MACD.RSI not as over bought as compared to last night. 3. TP:15.5 SL:12.5 4. Executed half trade size at 13.33. *Conservative traders can wait for a clearer break above trend line before executing.
BITFINEX:OMGUSDLong
by D_Market_Outlook