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OmiseGO

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OMGUSD trade ideas

OMG - The first Ehereum Unicorn & for Good Reason Disclaimer: This is my opinion and not financial advice. I believe OMG will be in the top 10 Cryptocurrencies by market cap in 2018. These guys have the backing of some of the most respected and knowledgeable people in the industry. Not to mention relationships with well established companies and merchants. Once you are able to stake tokens and earn transaction fees (date not yet known, but guessing Q3 or Q4 of 2018), this will give OMG a valuation model that is far more accurate and predictable than other cryptocurrencies such as Bitcoin. As network adoption grows, so till will the amount earned per token which in turn increases the value of the underlying token you hold. It is a win-win for both users who will have decreased transaction fees & access of payment options and those that stake OMG tokens. I recommend reading up on their white wallet, plasma network, & decentralized exchange. I potential is truly massive. If you don't believe me, just see what Vitalik Buterin, Joseph Poon, and Roger Ver have to say about it. This is a long term hold for me. Good luck to all!
OLong
by Cryptrarian
1
OMG Bullish ABCD pattern - New ATH incoming?Technical view: We can see a classic ABCD pattern on OMG. B to C leg is a 0.618 retracement from the A to B leg. C to D leg will be a 1.272 extension of the B to C leg, conform the ABCD theory. This makes an estimated target of around $16. A to B lasted 61 days, so C to D will likely last 61 days and reach target around new years eve. We also broke the ichimoku cloud and are in bullish zone. Fundamental view: Omisego hasn't been hyped since the initial pump to $13, and has been in a downtrend & accumulation phase for a long time, with an all time low of $5 (!) after the pump. Omisego has interesting developments upcoming. While the management team is not actively marketing (i.e. pumping) the price too soon, core wallet SDK will be released soon and partnerships are made on an active basis. For 2018 major roadmap developments are coming regarding the cash/in-out system and Decentralised exchange (DEX) with token staking possible. conclusion: Omisego is a quality project with extremely good fundamental value. $16 as a target is quite likely, but may not even be the top for OMG from 2018 and out.
OLong
by UnknownUnicorn1127548
2
OMGUSD Technical AnalysisFrom the last bar we can see that it is trying to break through the resistance level. Vitalik Buterin Tried to stir up the pot by tweeting that OMG was his favorite trading currency, this caused a little pump as we can see in the last bar. He is trying to break the resistance, however it might not happen. At the moment OMG is caught up in diagonal resistance, followed by a resistance level and a wedge! I don't see the breakout potential at the moment, but possibly later on in the wedge. However i have made all the possibilities that could happen in my opinion. I don't suggest going into the trade at the moment, seeing as it is consolidating and we don't know for sure it is going to rally and break through resistance. The leverage on this crypto is 1:1, which you usually try to look for 2:1. Here is my source: twitter.com
O
by BTC-Sama
Long OMG/USD RSI Turning, Fibonnaci, New Wallet Q1 2018OMG has very solid fundamentals and is about to release its biggest news in Q1 (wallet release). It is adhereing to traditional TA and has a high enough market cap not to be easily manipulated. It is currently in an upward channel that has held multiple times. ETH/BTC which is a strong indicator of alt future performance has bottomed out. RSI turning positive on the daily chart. All these are strong indicators of bullish momentum. Take profit on strong resistance (TP1) followed by Fibonnaci TP points which worked well in the past. Good Luck!
OLong
by Liquid_Crypto_Trader
2
OMG Can the bullish momentum keep going?I've been feeling pretty good about OMG but there is also the possiblity that if the lower uptrend line is broken then we could go down to the bottom of the descending channel. A large correction in BTC could be catalyst for such a move. The recent bearish move has just had a .618 retracement and we could go up or down just as easily from here. I suspect we will either see the formation of a nice cup and handle which will be great. Or we will continue down into the $3-5 range. I dropped off most of my OMG for ETH for the short term. I'm not really interested in holding a lot of them until OMG starts making bullish price movement on the ETHOMG chart.
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by cheretic