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OmiseGo / USDT

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OMGUSDT trade ideas

OMG// Loud and Clear 🗣️Looking at the current PA on $OMG, we can see a megaphone pattern starting to form. These patterns indicate that buyers and sellers are unsure of which direction to push price, thus increasing overall volatility of price. Looking back at previous patterns, we can see a small M pattern that has formed, which is also noted in the key legend ORANGE "Price Pattern 1" This same bar replay when widened gives us an almost identical sequence from 2-3-4. Currently, the third sequence is forming and price has been closely following the first bar pattern much closer compared to the second (purple/check comments) I've done an informal analysis on these patterns in my idea which is linked (fractal theory) where I've noticed that on the 3rd sequence price usually breaks out--in either direction given on leg of the pattern completes (saw it on google too, Lol). I first saw this pattern in LTC, then DATA, XTZ and a few others on larger timeframes. However there are different sequences of chart patterns that print over and over again on all timeframes (check the linked post). From a purely technical POV, I am bullish on $OMG until price completes this first leg of the M. Price is currently reaching the previous ATH, meaning there will be some resistance and pull backs, however, once price can break these levels it will then find support there, from which (hopefully) we break the TL. Check updates for more.
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by N0ST0PL0SS
2
Valley of the large gainshello everone, it looks like OMG has been finally laddering up and pushing for new all time highs! theres only one more thing it has to do. the blue level here is proving to be some strong resistance for OMG, but it will break this soon, yet the selling pressure keeps bringing in even stronger buying pressure. From the 3rd of may to the 5th of may its been a battle of who is in control, now we have to break the blue level and get out of this valley for bigger money! JUST IN CASE, i always keep two scenarios in mind, from the time i publish this, if OMG starts to move sideways exiting the valley through the side and not the top, we will start to battle with several of the support levels (yellow levels.) from the price range of 9.62 all the way to 9. stay tuned!
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by derkastein
2
OMGUSDT is testing the daily resistance 🦐OMGUSDT is testing the daily resistance, if the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OLong
by InkyGrip
11