OmiseGo Ascending Triangle Idea, 55% profit.Hey everyone!
This is my first Idea/Chart, hope you like it!
Buy - 13.5 $
Target - 21 $
Stop loss 11.5.
If you agree or dissagree comment bellow!
If it gets a little attention I will update!
Thanks!
OMGUSD trade ideas
OMG Quick 46% ReturnHey, you guys want a quick return? Let's play this correction, wait for bullish divergence on RSI and target $26.32 for a quick 46% gain. Remember, DONT enter until a bullish divergence is COMPLETED on the 30 minute scale.
Time to fall a littleNotice the strong support at 0.382 FIB level. There were 3 attempts to breakdown but each time, it rebounded. We are now at the 4th attempt of breaking down the support. Also, it has breakdown from the black channel line with 3 strong bearish candles.
Bearish on this pair for now
OMG - Wonder what comes nextLooks like a breakout soon. Should pull something very similar to eth. This is also dependent on Bitcoin remaining relatively normal and not dumping to shit.
OMG.... Finally!OMG has been moving sideways for a while. Hope you accumulated. I think this outlines the channel it's moving in and how it'll move. I think we'll see it go to about $38 and then go sideways for a bit again. Or it could keep going to 60? It's a highly undervalued coin and I think we'll see it go to at least $200 by the end of 2018.
OMG Looking Solid - Targeting 361 Fib ExtensionHere we see OMG break out of the flag and pennant pattern - now forming a cup & handle near all-time highs ($20) - A thing of beauty from a TA perspective - If BTC can hold up, we should see OMG emerge as a near-term out-performer - targeting the 3.618 and 4.618 extension levels. this would represent a 100% return from todays market price, gotta love it. see the link below for previous OMG publications.
ETH: 0x6d2d348aaf3e2402242c8588ea66a7ec447904d8
Cheers.
OmiseGO Sell OpportunityThe price bounces from 21.50 level. It's a signal that we must be ready to a new downward movement. We have sell opportunity. If the market drops below 14.00 level, the next zone will be able to stop the falling market. It is formed by 11.60 and 10.50 support levels.
OMG will fly to $28-30 but first needs land at $6-8 rangeHere is my analysis:
1) I think we finished the B wave (main wave: 3rd correction wave), which was an ABCDE formation. (Chart on the right)
2) C correction wave can extend to $6-8 range. (Chart on the right)
3) The next impulsive wave can go up to $30, which is an E wave. (Chart on the left)
4) This is my dream but afterwards, OMG can go higher but not sure where. (Chart on the left)
OMG- Similar trend to Ethereum back in the dayLooking to buy more OMG around $17 support level and if it breaks below that double dipping at $14-15. This is one of my personal top 5 favorite coins. Back when Eth was $12, it had a very similar quick run up to $20 before one last small dip and running up to the 40s. The ETH chart is below. Similar bullish run, great coin, could we see OMG double!?
OmiseGO@JUN_Omise & Thomas unbanking the banked at Global Brain Alliance Forum (www.crunchbase.com …) today in Roppongi Hills, Tokyo: 'The Future with Decentralization - Revolution by #Ethereum & #OmiseGO ' & 'The Value of Open Financial Networks ($ OMG!)
$OMGHad this level marked out since we made the new ATH, seems to be respecting it nicely. If we have the momentum we could challenge the current All time High and surge further.
Long OMG/USD Opportunity for 173% ReturnsShould you panic with this massive alt and BTC dip upon us? No! Buy the dips. OMG retraced perfectly to the 0.618 fib level and saw a very nice bounce back up. This would be the start of a new 5 wave up. RSI still holding on uptrend support, BTC bouncing back slowly. This is a good time to buy OMG for a medium term hold (couple of months). Fundamentally, this is one of the strongest coins out there and remains one of my preferred. If you followed my XRP idea before you should be up my a nice 50% , I took partial profits and investing them in OMG. Please do not forget to place stop losses in case the market rolls over.
Good luck
buy opportunity in the lower 18slook for support at 50ma or upper trendline. short term I would buy into lower 18s.
OmiseGO - Ready to GO Up? Buy Opportunity.The price is forming The Ascending Triangle pattern which is usually formed during an uptrend and considered as continuation pattern. There was already one fake break out and returned inside this pattern. Buy orders should be set above this pattern and swing high of 16 level. RSI and MACD are both supporting uptrend continuation. Notable thing is that when the price moves above MA50 level it is a strong buy signal.
Price fell under 11.6 but quickly rejecting it and bounced back up. This is strong indication that the markets wants to move further upward. .382 is considered as golden ratio.
Also the chart is showing a bullish reversal pattern which is double bottoms.
Lucky those who managed to buy under 10usd with these bargain prices. Stop orders need to be set below bottom level of the pattern and under strong support level. It is strongly advised to use stop-loss orders.
If you need any help with trading or recommendations where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Trading Information:
Buy: Above 16 level
Partial Profit Target: 19 level
Main profit targets: 21.5 & 25.8 levels
Longer term Target: 28 level
Stop Loss: 10.8
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
Bullish on OmiseGO - 2018 will be a great year.medium.freecodecamp.org
www.reddit.com
I believe OmiseGo will have a great 2018. This is a solid project that is aiming to change this world for the better.
Good luck to everyone!
OMG $50 Coin ? ( Where to Land Next )A strong Resistance Area is broken along with trendline... 1.272 fib extension suggesting $27 next stop but i expect more... Along there is news that some Big news coming from OMG team at start of new year.. GOod luCk trading
OMG severely overbought: Will it be the next XRP or LTC?Long-term, OMG is very bullish, in my opinion more so than XRP.
On the other hand, today's pump is built on a pre-existing overbought condition. It was already overbought on daily, 4h, and 1h scales.
There's a chance that OMG may experience a pullback. Entering now should be considered a very-short-term move in my view, though it's likely to continue to go up for a while longer.
OMG - Possible Breakout?OMG looks to be setting up for a possible breakout to new all-time highs. OMG has formed a nice cup formation and could be in the early stages of forming a Cup and Handle formation.
I am looking to add to my position (which I should have done yesterday) so now I will add on any meaningful pullback.
#OmiseGO. Why this price surge ? Detailed Technical Analysis.Everyone is asking why has OmiseGO grown so fast last past days with no news.
Well news are two:
1. OmiseGO at current marketcap is undervalued compared to other cryptos as it's an easy top 8 project. This means a 8 - 12 Billion marketcap. I see price growing from 5x to 7x from where we are now.
2. Technical Analysis. OmiseGO has been correcting since last months and bottomed at 5.5.
At 5.5 all indicators turned bullish as we can see from the different pairs:
Lets start from OMG/USD:
Price bounced at historical support, drawing higher highs and higher lows.
At the moment we are facing upper channel resistance
OMG/BTC:
Looking at the chart below we can see a Bullish divergence:
Definition of Bullish divergence: We have a bullish divergence when the price makes lower bottoms on the chart, while your indicator (MACD in this case) is giving you higher bottoms. After a bullish divergence pattern, we are likely to see a rapid price increase.
Nevertheless we have broke daily MA50 and price eyes next resistance daily MA100
OMG/ETH:
Looking at the chart below we can see a Bullish divergence and a double bottom:
Price broke daily MA50 and is facing resistance of daily MA100
These are all reversal signals that a trader must recognize.
Targets:
Based on what written above about marketcap.
I consider OmiseGO an easy top 8 project.
In terms of price this would mean a 5x to 7x.
