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OMGUSD trade ideas

OMG- Semi-bullish zoneI expect near-term consolidation as there are some short-term resistance lvls that need to be cleared. Looking for momentum and volatility to pick up soon. Steady uptrend and the cluster of technical supports below current price lvl indicate that OMG is one breakout away from turning fully bullish. If BTC retraces again, it will be a perfect opportunity to accumulate some OMGS. Scale in slowly if you intend to market buy. Just my two cents. Not investment advice.
KRAKEN:OMGUSDLong
by Libratus
1
A Breakdown OMG!I honestly have no idea what this coin is other than one with a funny name but it is among the high market cap cryptocurrencies so I put it in my Tradingview signals alerts for potential breakouts. While the other big coins have experiences a nice run up BITFINEX:OMGUSD has definitely lagged. Now it is setting up a rather clean breakout of a consolidation according to my metrics. If it breaks the consolidation it will also be breaking the 50% retracement of 3.2394 which is the halfway point of November's price action. This should trigger a retest of the bottom. So if a trader is looking to hedge a potential selloff in the space this would be my pick.
BITFINEX:OMGUSDShort
by norok
OMG/USD Major Move PotentialMany times the most powerful moves are the result of strong technicals + strong fundamentals. Here on the chart you can see strong technicals suggesting major upside for OMG/USD. The chart appears to be in the early stages of a Wave 5 move upwards. Now, in terms of fundamentals, what could lead to such an explosive move? Well, put simply: Big Money. And perhaps this recent development and update is a sign of big money to come: the progress made on supporting Central Bank Digital Currencies (CBDCs). www.youtube.com omg.network To the moon? Let's see.
BITFINEX:OMGUSDLong
by janor123
5
OMG Short XABCD Bearish BAT 1. XABCD Bearish BAT Pattern in final CD move towards area shown in chart. 2. There is heavy historical resistance at this level too. Check the chart and draw your own resistance lines to confirm. 3. XABCD Bearish BAT Pattern confirms the heavy resistance possibility. 4. Make sure to set stop loss accordingly. 5. Speculative setup, please do your own analysis before trading. 6. I am not licensed to provide financial advice. Trade at your own risk! If you like this please give a thumbs up and follow me! Out - WineTrader888
KRAKEN:OMGUSDShort
by WineTrader888
7
OMG Network (OMG) - October 24Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It rose with support at the uptrend line (3). We have to see if we can ascend above the 3.6802 point. A break above the uptrend line (4) is expected to touch the 5.0400 point. If it falls from the uptrend line (3), it is likely to fall below the 2.75 point, so it is a short-term Stop Loss. I think the 2.75 point or less is the bottom segment, that is, the mid- to long-term investment area. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
BITFINEX:OMGUSD
by readCrypto
1
OMG on the verge of a technical breakout to $3.20 - $5.50OMG/USD recovers from support at $2.80 and ready to post gains towards $5.50. The OMG Network plugged massively like other major and minor coins in the cryptocurrency market. The decline swept widely across the digital assets recently. OMG succumbed to the increased selling pressure leading to significant sabotage to the progress made in August. From the high traded in August at $9.50, At the time of writing, the crypto is trading at $2.90.
KRAKEN:OMGUSDLong
by CeoCodes
7
OMG in Review Good Morning to Those Who Sleep in Late Just a quick review of OMG on this Canadian Thanksgiving weekend. So it looks like we can casually see that OMG has been on a gradual upwards movement each 90 days showing a nice 30% price increase during these periods and the angle of assent has been a somewhat reserved 22%. I believe we can see OMG continuing this pattern until the end of this month and then we can continue chart to year end. The only thing we had to deal with was that rapid spike in price in Sept ( for no reason that I know of, although I haven't researched it) A spike like that is an anomaly and I don't take them into account when I am looking at a chart, because as you can see, they come back down just as fast as they went up. Straight up and then straight down is a "wash" in my books, so I ignored it and continued on after it came down to earth. Some traders like this type of action, as they can short the asset at the peak of the spike and buy back at the bottom, but all it does for me is to screw up my perception of an asset that is moving in a nice predictable upwards fashion. I think or hope OMG will continue to trade in a sideways pattern and we will write a nice 45% profit for this 3 month period. Hopefully we will see yet another upwards movement and this will add to our data to help confirm this upwards "step pattern" we have seen in the past. So in any event, if you have been holding OMG during this period you are "in the money" as they say. Above and beyond my two stable positions with BTC and ETH I hold a few positions in the more crazy market of ALT coins, that are in some way involved in addressing the ETH 2.0 problems. I happen to like LINK for this reason. In closing, I'm looking forward to reading more of your posts and I will be sure to include a reference to them in my future postings....good or bad. Have a pleasant day and it would be interesting to know where you are located in the world when you post because I enjoy many of the different perspectives from various cultures around the world. Ward Weaire Toronto, Canada Oct 12, 2020 6:52 AM
KRAKEN:OMGUSDLong
by WMWToronto
10
OMGUSD Long opportunityGood evening everyone. I hope you caught my link play, and were able to get out with a decent amount of profits. I am back with another play, this time featuring OMGUSD. I have really enjoyed OMG these last couple of weeks. The wave structure is looking really clear, and it is a lot easier to read than some other coins like ETC. Elliottwave analysis: If you've been following my omg posts, you know that we have just finished a larger term Tripple three correction, and are currently starting the wave three of the larger trend. The price action from the 21st of september tells me that the 1st and second wave of the larger term 3rd wave have been completed. If everything follows my t.a, we will be seeing some huge movements towards the upside in these next coming weeks. Bitcoin has been making some really bullish moves, so I am going to take a very bullish standpoint on this trade. Something important to notice, is that the recent price action has been making a triangle formation and we are so close to breaking out of it. I don't believe that this is an elliottwave triangle, but instead, the classic technical analysis one. A break above means that we have a lot higher to go, and a break below might mean that it is just not yet time to move up. I plan on laddering into this trade, buying some right now, and more if we breakout. All in all, this seems like a great trade and I hope you can get in. Have a nice day.
BITFINEX:OMGUSDLong
by Mika_k