OMGUSD trade ideas
OMG Sell a break setup.OMGUSD - Intraday - We look to Sell a break of 9.987 (stop at 10.321)
We are trading at overbought extremes.
Expect trading to remain mixed and volatile.
A higher correction is expected.
The trend of higher lows is located at 8.800.
Trading close to the psychological 10.000 level.
Our profit targets will be 9.007 and 8.677
Resistance: 10.500 / 11.000 / 11.400
Support: 10.000 / 9.500 / 8.800
OMG/USDI ran through the TOP-100 coins. In my opinion, one of the undervalued coins of the OMG Network (#OMG). Technologically, this project can be equated with Polygon (MATIC), they both use Plasma technology (this is an analog of the Lightning Network, but for ETH). Their capitalization differs by almost 8 times, although USDT was minted at OMG last summer, and they interacted with the great Vitalik in the development of the project )
OMGNo change. I think its looking good on the weekly. Currently above significant support. get a good close tonight and I think we will see much higher prices in the coming weeeks. I've listed fib targets for when the ATH is broken. 23 atleast is where we are going to go imo. its the 1.618 level on the fib extensions. see previous post for more details
OMG Sell a break setup.OMGUSD - Intraday - We look to Sell a break of 5.928 (stop at 6.161)
Prices stalled near resistance and reversed lower.
Rallies continue to attract sellers.
The RSI is trending lower.
A break of 5.930 is needed to confirm follow through negative momentum.
Trend line support is located at 5.300.
Our profit targets will be 5.251 and 5.051
Resistance: 6.600 / 7.000 / 7.300
Support: 6.000 / 5.400 / 5.000
OMG vs ETHas I expected, the price of ETH reached 4400.
I expected it, I did the math to "calculate" it.
it is in my idea related linked below this one, check it out.
about this one...
IMO OMG could reach 80 USD.
so, If you DO NOT know what to do or expect from ETH now, you should consider checking all the other ideas I had about cryptos and consider switching to one of them that haven't yet seen the rise to +200% from their ATH in 2017
i CAN NOT assure you specifically this one will reach 80, neither it will stay on the green channel, neither holding this when seeing -40% (it could, it's crypto volatility :D), tho, as I said in a previous analysis,
i have put the STOP LOSS AT 6.5 USD (considering my entry point at 11 USD, its almost -50%)
in the end, trade, do it, but with something you can afford to lose.
AND... pls: use stop loss. in the crypto's world prices can rocket down as fast as they rocket up.
OMG (literally)OMG, could we see an almost 8X as OMG rise as much as 80 USD?
check my related ideas about altcoin season, where I DID predict ETH to 4400 USD.
have fun, and don't risk what u cant lose
USE STOP LOSS, I put mine at 6.5 USD for now, will raise it when condition will change