OmiseGo New Entry LevelRSI confirms reversal in the price movement. The price has been bouncing off from the support level around 7.5 and ma50 which is giving confirmation for further upward movement. Buy orders should be set above 8.5 level.
As RSI has climbed this high it's possibility for retrace is high. Might be that retrace is small in term of the price but I recommend to be extra carefulness with this trade! Always remember to use stop-losses!
Note this is a longer term trade!
Trading information:
Buy: above 8.5
Profit targets: 9.2 near resistance level and 10.5
Longer Term Profit: 12 level
Stop-loss: 7.5
Things to remember:
To trade safely we need to use stop losses in case something goes wrong.
Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
OMGUSD trade ideas
OMGUSD Symmetrical TriangleThe pattern is complete when the price breaks out of the triangle - look for an increase in volume in the direction of the breakout.
1st Target 13.6$ before the end of the year 2017
then correction to 9$ level
after the correction 2nd Target 18 $
OmiseGo Buy OpportunityThe price bounced from the reversal zone which was formed by the uptrend line and 7.40 support level. Passing through the cloud of Ichimoku indicator gives us a buy signal. DMI supports upward movement and allows trading. Pending orders for buy should be placed at 8.15 level with stop at 7.30 level. Profit targets are 9.25 and 11.00 levels.
Holy F#?k, that´s one hell of anascending triangle. Just look at that!
Well, OMGUSD is on its way to break out. I think there is even a possibility it would take a try @ 13USD again. We´ll see.
My first target would be @9.1USD
Second target @10.2 USD.
Stop/Loss @ 7.5USD
Good luck.
Time for OmiseGO - Wallet SDK Hype - Breaking Ascending TriangleI see OMG forming a small ascending triangle at 8.5 top.
The Wallet SDK hype will push the OMG to break out to test the next resistance.
If the resistance at 9.6 can't be broken, the Elliot Waves have to be redrawn.
It is unlikely that triangle top can't be broken.
OMG-USDTTHIS is the main point for OMG if it is passed from above line it can raised and else it can dump again. follow the chart
OMG 1H inv H&S?We have now possibility of inv H&S. Good pattern for break out and reversal of a current correction.
OmiseGo Breaking Above The TrendlineOn the 2nd of November, OmiseGo tested $5.5, which is the lowest price since August. While testing the low it rejected the 327.2% Fibonacci support level applied to the corrective wave after the downtrend trendline breakout.
After rejecting the support at $5.5 OMG/USD went up, breaking above the downtrend trendline as well as 200 Moving Average. But then a sharp corrective wave has followed.
On the correction, OmiseGo has rejected the uptrend trendline and the support formed on the 15th of September.
The price action suggests that a stronger growth could be expected in the short to medium term, although close above the $7.6 would add more probability to this scenario. The upside targets are based on Fibonacci applied to the corrective wave after breaking the downtrend trendline.
First target is at 127.2% - $9.17, while the second target is at 227.2% - $11.66. Break below the $5.5 support would invalidate this bullish outlook and could either extend the consolidation or send OmiseGo lower.
OMG 132% PROFIT!!! WATCH FOR THE TOUCH TO THE SUPPORT LINE!In case you missed IOTA, EOS, XMR AND ETH Rockets, OMG is calling you this time... A rocket is being prepared to make it's one last touch to it's support line!
OMG USD Short term Buy zone predictionAs i see it, we are going through subwave 4 of Elliot wave theory and i can see OMG entering a buy zone by using fibonacci retracements. Buying at 7.6$ is in my opinion a good idea.
OMISEGO, long opportunitySTOP-LOSS : 7.50$
Take-Profit1: 8.75$
Take-Profit2: 9.20$
Take - Profit3: 10$ // Long term
Good luck folks
consolidation before breaking triangleI see massive bying orders by market price last days.
Next day we'll see breaking from triangle
Buy now, take profit at 9.6 or higher level, stop loss @7.6
good luck!
Tons of pressure building under $8 markTons of pressure over the last few weeks building under the $8 dollar. Break through or failure about to occur? First roadmap item coming up Q4 of this year (their beta SDK release) so I'm thinking we can expect growth gradually up until this announcement in anticipation. I would think the roadmap/news is on OMG holders' side given that it is so soon. Movement expected today probably in either direction.
OMGUSDwith the btc dip all alts dipped together.. the bounce back gave us a new support line.. bullish signs are not away..
long term: long
short term: neutral
OMG getting ready for POSITIVE movement!!!!Days are coming for OMG.
With the new releases of CASPER and more. OMG is Looking to set into the crypto market for good and like wise the prices for it will be also promising and a good hold for long term too.
But if you are into a small term hold it will soon make ATH.
Happy Trading:)
OMG swing tradeWith all the latest news I felt quite insecure about leaving funds in tether, so I was looking for a swing trade. It's been a strong week and whilst many coins have already increased significantly, I didn't want to buy at the top. I noticed OMG hasn't increased, but has had early signs of an uptrend continuation - I indicate this where the 50 day MA crosses over the 100 and maintains for several days.
Entered the trade at approx $7.8 with a target in the $12-13 region. I expect to hold for 1-3 weeks on this one, let's see how it goes.
OMGUSD IdeaI am a fan of this coin (most of the trades I do are for coins I like) and it looks to me like an ascending triangle so why not get on board? Risk to reward is great!
