OMGUSD trade ideas
XABCD Pattern on OMGUSD? (Practicing my TA)Hi guys! Still learning Technical Analysis, any feedback or thoughts are much appreciated!
If it follows the XABCD, OMGUSD should bounce off the support around 5.8-5.6 and then break out of that wedge and rise toward 7.5-7-6 where we can look for selling opportunity.
OMG - Upside down head and shoulders? Targets: 7.5, 9.5Waiting to confirm the formation of a reversed head and shoulders pattern which could be a signal of reversal of this correction from ATH we are seeing. I think it has already broken out of a descending triangle, another sign that the correction is reversing.
Still practicing identifying good price targets but I have profit levels tentatively set just under 7.5 and 9.5 for now (fib retracement).
Fairly new to TA in general - feedback is most welcome! What do you think?
OMGI mean look at this cup and handle baby! very juicy. pushing through resistance. The price won't be tha fast but we should go to 9 dollars in the next couple of weeks
$OMGUSD - Bullish flag and resistancesHello everyone!
Bullish flag is spotted in OMGUSD, there is a strong resistance at $6.35 if that resistance is taken, look for a mid-term target at $6.90.
Wait for a breakout and go long.
OMG 2 possible buy options
Hello traders:
Looking at OMGUSD for further bullish opportunities.
Price showed a clear bullish move to the upside, and then dropped down to form this HTF correction.
We can see the correctional structure is descending in nature, and could lead into a bigger higher time frame continuation correction.
I can expect 2 possibilities buys, either price breaks out from this descending channel and form LTF correction to go
or
price may correctively move down once more to the lows of the channel before a bullish reversal from the bottom.
thank you
$17 or $27 Oh My God Coin by Mid March- Ultimate Fib Confluence Look at the Time based Fib Extension on this bad boy from the 2020 bottom to the peak in the summer time. Combine that with a regular Fib Time Zone and we see a bottom or top is made after around 20 something days from once we reach the zone. Something nutty is about to be brewing.
1.100 Days (161 weeks) Downtrend Reversal!Omisego is TOO CLOSE to 1.100 days (161 weeks / 40 months) DOWNTREND REVERSAL!
Candle closing above U$6 confirm the reversal.
We will have a HUGE movement when it break.
OMG! Time for a breather?While BTC trades sideways, the alts have gotten a boost. OMG has been riding waves off the MA50 on the 1 hour chart consistently. Will it continue? That's hard to say... If we look at the past week, now looks like a great time to buy before the next impulse upward. If we look at the past month, it would appear that we're due for a drop. A break above $5 would suggest another bump up while a fall below $4.60 indicates a better price is on the horizon; maybe even a chance to buy in below $4 again.
I'm holding my BTC here, rather than trading it for alts because we may see a new ATH this week and if that's the case, the alts will pause their current run up. This is another reason to wait to accumulate OMG. Then, when BTC pauses, the alts get another breath of new energy.
I believe we're at the beginning of a transition to the altcoins, which will see outsized gains relative to BTC over the long term. OMG will be one of the winners in this new alt season. That said, it doesn't matter too much if I add more at $5 or $4. A month from now I expect to see gains. I'm not a trader so if you're looking for a quick flip, then hopefully the chart will help more than my comments here. If you're in for the long haul (6 months) then I believe OMG is a buy at these levels. That said, I already have a position so I'm waiting to see whether I should add more at current levels or wait for a better entry.
If BTC breaks through the previous ATH, then I'll wait to buy more OMG. If it falls back to support, then I'm a buyer of OMG and other alts with my USD.
The 2023 Future of OMG Foretold by MathMr. Fibonacci was a genius so lets use the golden ratio levels combined with Fib Time Zones. Anything can happen by end of year 2023, but for now, 2021 is going to be insane. Get ready and make sure your spaceship does not run out of fuel this year.
Weekly long term overview Nice to see such a big 3 year support-circle with already 4 touches. Another 3 years and we could be back tot the start (25+ dollar:)
OMG/USDSeems that OMG is going to see some price action and potential reversal sooner than anticipated.
A nice breakout of the falling wedge on the 1H with a doji formation on the 4H could mean that OMG’s time is nearing.
$4 is a conservative price for next run up if Bitcoin stops swinging 10k at a time.
$10 is where I plan to take profit
