OmiseGo targeting the uptrend linePrice edged lower in the yesterday's trading session and could resume the bearish movement. The next downside target it will be at the uptrend line. It could be attracted also by the 250% line.
OMGUSD trade ideas
OMG Wants to break $ 9.26OMG has lost 0.86% in the last 24H and $ 3 USD in the weekend drop, the price crossed the Bullish trend line that is traced without problems, at this time the price is at $ 9.29, support that has been kept the last two days, if this support ( two months minimum ) is broken, the level of $ 9.00 would be the next support to visit, below, S1 at $ 8.04 is the next important level. The indicators, despite showing oversold, continue to point down so we could see this support broken very soon.
OmiseGo (OMG) I'm bullish on this project. Two mainnets coming out - Cosmos and OMGPlasma mainnet.
Cosmos "Hardspoon" 1:1 for OMG holders.
DEX capable of 1bn+ trades/s.
Mobile wallet (I think Ethos wallet may be better though, Ethos and OMG team close so maybe something there..), real implementations already in use, real partnerships.
Very professional for a crypto project.
Good chance Plasma solves Ethereum scaling issue.
OmiseGo:
cdn.omise.co
Plasma:
plasma.io
OMGUSD 20%-30% Short OpportunityThere's a very lucrative opportunity walking around in your neighbourhood.
Now are you gonna be the one who waits patiently for it to knock on your door or are you gonna be the one who grabs it by the collar and reels it in?
Now on to the technicals:
Since BTC broke a major support line that has held for the better part of the year. Now even Perma-bulls have no alternative but to accept the obvious fact that we are in a bear market at least for the mid term. OMG has been in a Triple Three Corrective Wave for this entire year and is finally on its last leg.
This gives rise to a very lucrative opportunity and I'm all up for such easy trades.
Let me be very clear. This is a position trade. Meaning we only start and end the trades if it comes into our scaled order zones. Do not go ALL-IN. Only the orders that get executed go on for this ride.
Enter Short in the range of $9.94 - $10.42
Conservative Target: $8.0 - $8.5
Aggressive Target: $7.4 - $8.0
(Use protection, a Trailing Stop)
I'm expecting the green or blue box to hold. If both fail then your guess is as good as mine for the bottom targets.
Now let me be the Devil's Advocate and talk about why these targets might be challenging.
I don't expect the whales to just gives us the BTC targets of 5k-6k.
I expect many bull traps along the way. That means OMG too will spike occasionally and make failed rallies (which is why the protection).
The most important obstacles is that OMG has two airdrops coming up. If the dates are announced in between of our trade then it will most definitely spike and take our stop out.
Godspeed
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I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
OMGUSD; Bulls in need of a higher lowBasically this market is making wide swings between 8.00 and 20.00 when zooming out, meaning chances are better for this market to end the string of lower highs and lows which mark the current bearish environment.
Thus, the Bullish engulfing pattern (or combined hammer) seen at the red arrow should mark the bottom. Currently the market is backing off after a minimal 23.6% Fibonacci recovery and bull's task is now to get a higher low above 9.50 going. 9.95/9.80 seems the candidate for this.
Also note that the Bollinger Bands are thightening which implies a bigger move soon (note how previous bigger moves, bullish and bearish, started with BB tightening). All in all, best chances to see this market run up again after a higher low, but wise to await signals for such a low. 20.00 is again the target then.
OMG, good future?OMG has lost -4.40% in the last 24 hours and is repeatedly bouncing in the S1 Pivot where it is converging with the Bullish Trend Line that we see here in this 4H chart. We have to be alert because the volume is rising and a strong rebound could send the price to $ 12.
OMGUSD, M45One of the alts I was talking about. Zig-zag correction, impuls down. Don't even see an alternative up for now.
OMGUSD could rise...Hello guys,
in this period the volatility for all the biggest cryptos is particularly low end this setting is consistent with a rise of all sector.
In this environment the only out of tune is volume, low for all the principal cryptos, exepting EOS.
Looking at different chart I've focused my attention on OMGUSD: it is trying to complete a 1-2-3 formation.
In fact if it's able to break $12.40/50 area, corresponding to a resistance area and the highest point of the formation, it could surge with first target
to $14 where we can find daily 200 MA and then to $14.8/$15 area, where there is a resistance area.
Indicators are setted to drive the increase.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Omisego Price Analysis >> 6/6/2018bravenewcoin.com
The overall technicals for OMG are bearish, but price is currently experiencing a short term bounce from oversold levels. Both, the prudent Ichimoku Cloud short term trader (10/30/60/30 settings) and longer term trader (20/60/120/30 settings) will await a positive TK cross, Kumo breakout, and price hold above the $14 - $15 range before entering a long position.
Given the current oversold levels and support, a near term price bounce back to $14 is likely (flat Senkou B). If a Kumo breakout does succeed, then $16.50, ~$18, and $24 become the new price targets. However, given the bearish technicals, a resumption of the downtrend, post-bounce, is probable; especially without significant new buying volume entering the market. The downside price targets are $10 and $8 (critical to hold or $4 comes into view).
OmiseGO (OMG/USD) break out from a falling wedgeThe price of OmiseGO broke out from the falling wedge and is now in an upward trajectory. The first target would be the resistance at 0,236 Fibonacci level which would be 12,12$. The next potential target if the uptrend continues would be at 12,95$ level.
OmiseGO legendary wyckoff distribution?The chart is pretty self explanatory. It had a epic rise near the beginning, then consolidated in the large blue rektangle, what if it starts heading down here having ultimately done a wyckoff distribution thing?
OMG FRACTALSPossible set up in OMG for some really nice gains!
If you like this chart, please leave a like.
Disclaimer: This is not financial advise and I am not a financial advisor
OmiseGO at supportOmiseGO (OMGUSD) has been dropping since the beginning of this month and is now back to the support level around $9,00.
If price reacts and rallies from the support area, we can expect it to reach the resistance area around $13.
Once price reaches $13, we can expect some reaction to the downside.
If price continues to drop, we can expect the drop to continue to around $6,00.
Good Luck,
CryptoTrendline
OMG geometric wave consolidation pattern forming
As you can see from this technical chart analysis, we are converging into a triangular consolidation pattern. This is common across the board with many other coins. Once we reach a holding pattern look for a strong bull run across the board and to the moon in the above chart for specific figures. In the short term looking at retracement to the $9.80 range with staggered buy orders set on the way down. Expect a strong influx in volume leading up to the release of the wallet SDK and Plasma Cash in Q2. Good luck and do your own research.
