OmiseGo %300 - %500 profitOmiseGo at Buy Zone (0.95 USDT level should be checked)
1st Target : 2.4 USDT
2nd Target : 4.5 USDT
3rd Target : 6.3 USDT
4th Target : 7.8 USDT
5th Target : 18 USDT
Stop Loss : 0.60 USDT
OMGUSD trade ideas
What the OMG, it's not a Bear flag?Likey looking at a correction or impulse here.
Either way, OMG likes double tops
I don't feel as confident as with recent setups, hence the Mr. Elliot abuse; but we'll see boys.
Kids hungry, wive leaving, cactus thirsty; buy it all.
OMG/USD - What are you waiting forr?This is OMG/USD inverted
High Reward / Low Risk!
Double bottom & Top most profitable patterns out there
Thats exactly what your seeeing
These are the levels people should be panic buying - not selling
Gooooodluck to all
OMGUSD is Alt season ON?OMGUSD is in its eary stages to blow up. I would suggest to refer my friend to this Idea. He has better arguments on it.
I am bullish on it, just because I see very early signs as per Chart reading and ZCC is bullish on it!
OmiseGo (OMGUSD) short.All description on the chart.
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Thank you.
DESCENDING WEDGE+HISTORIC LEVELLooking closely at the price action here!
If the coin breaks the support it is DONE!
Tell me, what you think guys!
OMGUSD BEARISH DROPIt was recently in a bullish pattern until the dumpout, now its made a lower low and a possible elliot impulse pattern could take action after the bullish retrace
OMGUSD Strong Buy SignalPattern: Channel Down on 1D.
Signal: Bullish as the price is testing the 1W Support Zone.
Target: 2.5000.
omgusdafter completing the wave "e" of triangle pattern, we can expect the uptrend to begin
buy in deep
also consider that the pattern can be changed to diametric pattern
do not forget about your SL
OMGUSD - Surivival Mode Initiated? Longing with caution...Disclaimer:
OMGUSD could have made a higher low here but I'm aware OMGBTC is currently at all time lows so this is definitely a punt, I don't give financial advise but if you were to ask my opinion, this is a low risk trade, the chance of this working is slim though. Reward very nice if it does work but my position size is extremely small due to this essentially being a shot in the dark.
Analysis:
I'm not big into fundamental analysis but generally I believe many of the alts of the 2017 bull run will not survive the current cull we are experiencing. If 2017 was the equivalent of the early 2000s dot-com bubble popping, only a few recover and even less end up making new highs. OMG could easily be a part of this list too but the company is still active and of all the ERC20 tokens, it is one of the top 10 (currently 7th I believe of the ERC20 tokens). Personally I do believe Ethereum will stick around for the long term in this market (it has the most developers by far) so some of it's companion tokens should too. Yes, Ethereum was used and abused heavily for many ICOs, many of which were scams but there are companies still active and still hard at work - doesn't guarantee they will be a success in terms of future prices of course.
Moving on the technical side, I've spotted an 0.886 retrace (perfect so far) after a pretty strong move (up over 200%) from early Feb 2019 this year. The only thing we're missing right now is a bounce.
If we can hold and turn at this level the sensible first target is a return to the 0.5 fib level. I have plotted some other targets and failure points if this is the start of an Elliot Wave, I've measured where Wave 3 could hit (2 target zones) and the failure zone is if we can't break the top or just get above it (making an ABC equal measured move, downtrend likely to continue).
Stop level is pretty close so if this fails I'll be wrong quickly (which is how I like to trade - get out quick if I'm wrong and take a small loss, stay in as long as possible if I'm right to maximise profit potential).
Good luck out there!
OmiseGo (OMGUSD) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
OmiseGo Price Analysis OMG / USD: Nomura To The RescueFundamental Analysis
OMG has gained bullish momentum after its parent company announced an investment from Nomura Holdings, a Japanese investment group. The investment should support ongoing development for OmiseGo and other platforms under the company’s wing.
OmiseGo / USD Short-term price analysis
OmiseGo has a bearish short-term bias, with the cryptocurrency trapped below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that the OMG / USD pair is trapped within a neutral triangle pattern, with bulls pressing against key trendline resistance.
Technical indicators on the four-hour time frame are bullish and continue to issue buy signals.
Pattern Watch
Traders should note that a test of the OMG / USD pair’s 200-period moving average seems likely if a bullish triangle breakout occurs.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish and shows scope for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal.
OmiseGo / USD Medium-term price analysis
OmiseGo has a neutral medium-term trading outlook, with the cryptocurrency testing towards its key 200-day moving average.
The daily time frame is showing that OMG / USD bears have successfully invalidated a bullish inverted head and shoulders pattern. The mentioned time frame also highlights that price is trapped within a triangle pattern.
Technical indicators across the daily time frame are bearish and continue to issue sell signals.
Pattern Watch
Traders should note that the invalidation of the bullish pattern on the daily time frame is a significant technical development.
Relative Strength Index
The RSI indicator is also bearish on the daily time frame and shows scope for further downside.
MACD Indicator
The MACD indicator is bearish on the daily time frame, although it is extremely oversold.
Conclusion
OmiseGo may test back towards its 200-period moving average on the four-hour time frame if bulls can breakout from the neutral triangle patterns across both time frames.
The medium-term outlook for OMG / USD pair is weakening after the bullish inverted head and shoulders pattern on the daily time frame was successfully invalidated.
OMG its bottomed out. 900% PP to previous highSo while everyone or most people right now are fixated on bitcoin and its momentous (and it is momentous) 4x over the past few months, it seems that everyone has forgotten about the alt coins.
Personally, I've been eyeballing the altcoins right now and I cannot find a more suitable position to begin accumulation of the coins you want right now.
OMG is just an example, but if you take up any many of the other altcoins right now they all look very similar but this is one of the reasons why I'm loving where one of my favourite coins are sitting right now.
1) traded well and into the weekly Bullish OB (marked out with a green box)
2) weekly RSI 9 and 45 moving averages have crossed suggesting beautiful momentum change.
3) RSI "bowling out" especially on the WEEKLY timeframe as well. looks fantastic.
4) I'll attach an image of volume from coinmarket cap, but there is massively increased volume around this area, suggesting large amounts of accumulation is happening
5) 2 Weekly RSI, RSI touched 40 and is now progressing away from it. This suggests to me that overall that this coin is very much bullish since bullish RSI ranges from 40-80(+) I'll add an image containing that image too.
Did you miss out on the hype train last time?
We waited almost 2 years for this.
The time has come and I intend to fully capitalise on this.
Timeframe over the trade will most definitely take time. I'm giving this 1 year to play out.
charts.cointrader.pro
OMG/USD Looking for a short term buy setupHi Guys, OMG/USD Looking for a short term buy setup Break the smaller trend 2.4402 vs 2.8302 / 2.9641
