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OMGUSD trade ideas

OMGUSD (OmiseGo) 1hr tf chart patternThe meandering price action of OMGUSD (OmiseGo) based on its 1hr tf is captured in this analysis using an ascending triangle chart pattern. The width of the triangle (vertical black arrow) is ~$9.82 - $7.92 = $1.90. Possible target area for price after a breakout above the horizontal line of the chart pattern involves vertical projection of width of the triangle (calculated above) onto a breakout above the horizontal line. Doing this, a breakout above the apex of the triangle could see OMGUSD hit $11.72 (Target area). The alternative chart pattern that is also described by the same price action for OMGUSD would be a complex, inverted Head and shoulder pattern (not shown in this post). For this pattern to be confirmed, price action would have to close above the neckline of the pattern. The neckline in this case is also the same as the horizontal line of the ascending triangle chart pattern.
BITFINEX:OMGUSD
by Coin_Analyst
OmiseGo - Positional Trade SetupOverview: OmiseGo is back at pre-December prices and after a double bottom is slowly stepping to the upside offering a potential swing trade and longer term investment opportunity. This may be one of the most undervalued coins in the space as the team, advisers, and venture capitalists are a who's who in the crypto space. In addition Omise continues to make partnerships including McDonalds, Thailand's Government and recently Shinhan a large South Korean bank. They compete with ripple and stellar lumens but the case in point to be made is that anyone can stake their coins and process transactions unlike ripple and stellar lumens. Technical: We currently are testing 9.43 or the 0.382 retrace of the previous bearish wave. This is a critical area to close above and see a continuation higher. The next resistance level comes at 10.66 which is 13% higher. First support is found in the 8.64-9.00 zone which is the 0.382 and 0.618 retrace of the current bullish move. Longer term target 11.85 to 12.60 which is the 1.618 extension of the previous bull move and 0.382 retrace of the overall "C" leg. The 7.50 to 7.87 level offers lower support. Actual trade was posted elsewhere. Summary: OmiseGo is an inexpensive coin and has the potential to outperform the market. This is similar to buying a less expensive stock. It is easier for a $9 coin to got to $36 then a $7000 coin to go to $28,000. I like OmiseGo here and regardless if the price pulls back I will simply add more. The market is starting to stabilize and we are seeing signs across the board that we MAY have found a bottom. To be clear we can always go lower but investing in quality coins with potential is best when market sentiment is low. I remember one comment when we were trading above 20 that stated, "I wish I had an opportunity to buy at 10 again". Well here's your sign!
BITFINEX:OMGUSDLong
by goldbug1
30
OMG, still on the the favourite and strongest coins I have been saying for months that OMG is a coin to watch when a rally is expected from BTC. My previous analysis about OMG was picture perfect, it had reached the target and since than it has been the low and have been making a higher low. As for all coins, it all depends on BTC what the price will do, but i expect BTC to make a relief rally soon and OMG will also be on the coins that will outperform BTC. For the stop the are 2 options, depending on what you want to risk and you position size. The blue trend line could be use or the low of a few weeks ago. Target are is clear.
BITFINEX:OMGUSDLong
by botje11
6
OMGUSD#OMGUSD Market capitalization:944 833 000 dollars. 24H:33 700 000 dollars. On the timetable D1 pair is at a price tag of 9.2 .Key levels: Resistance:12.5; Support:7.5; Consider scripts At the moment, the price is in the range of 9.2-9.3. The currency pair is now in a downtrend over the past 7 days, the price has decreased by 7%. If the price breaks the channel and goes on a trend then the first target will be 7.5. If it continues to grow to the target will return the channel's limit 10.5.
BITFINEX:OMGUSD
by AVH_analyst
1