OMG it's a channel!IMHO this is the channel that OMG will be moving inside. hopefully next stop is the resistance line of this channel.
OMGUSD trade ideas
OMG Becky, Look at that Wedge $OMG #BTC #OMG #altcoinLooks like a descending wedge. Hoping for a breakout!
Omise Go(ing up)Here OmiseGo finally breaks out of the long term downtrend it faced after being introduced to the world and pumping to high heavens.
As BTC corrects down, it is nearing the end of the 'B' wave. This should confirm BTC's bear market and thus will make alt coins and their holders very happy. ETH also appears to be showing bullish signs and thus the cards seem to be in place for an Omise pump.
Analyzing the MACD we can see that there is bullish hidden divergence in place. Smaller timeframes (I.E 1hr) also depict bullish divergence for the move which breaks out of the correction.
Entry point is $6.40
T1- $8.50
T2- $10.00
T3- $12.00
SL: $5.50
Daily ForcaseWe will need to see a base of support built before the trend changes direction - The next few weeks will determine if bull market is back on - will update as this price-action develops.
The sleeping alt awakens. OMG predicted movesWith BTC in Bullish territory today chillin above the 200ma Alts pairing their moves with BTC may also see a rise up. Here is what OMG is going to look like in my opinion
omisego will goits obvious after break out it ll see the price of 16 usd double profit
there is a nice falling wedge in daily chart
OMGUSD ascending pattern confirmedOMGUSD present a classic elliot wave + a classic ABCDE corrective pattern which clearly form a ascending triangle. At the light of the corrective pattern we can now affirm from a mathematical TA point of view that OMG gonna start soon an vertical ascending pattern. +16% in the last 24 hours represent exactly what im trying to show : impulse.
Short term target : 12$ish
Mid term : 32$
OMG! Catching Structural Wave 3OmiseGo has performed well against the risks of capital flight plaguing the altcoin sector over the last few months, managing to stay above the major key fibo level. Currently it has broken through a significant downtrend line, ruptured through BBs to the upside, and is showing bullish signals on the RSI. Its possible we may see a trend reversal, with intraday (swing) trading opportunities.
Possible targets for now to the upside are a MIN TP of $15.90 and a MAX TP of $18.79.
Alternatively, we could see trend resumption and trade as low as $3.46 before bouncing back to the $10 region.
My strategy also involves analyzing the OMGBTC chart, and it should be noted that currently we lack support for a trend reversal in this pair.
*This instrument saw a 3500% increase in value from inception to its peak of $13.70, so a further correction is very possible.
***Bitcoin's bullish cycle has expired, and the impact that this variable may have on the altcoin sector is not clear at this time.
As always, I'll be updating this thread as we go along.
Cheers and GLWT,
-Erik
OMG USD shorter time frameUse this to help inform your trades.
Not a trading advice - just providing info so you can make your own trade decisions...
OMG rose too quickly. expecting a pull back.
The length of the black arrows are the same. after the pullback expecting the rise to extend to at least the length of the black arrow.
Please comment with any questions.
OMG/USD reversal signal has been given.Three scenarios here, but I vote for an option 3. Next 7 days will make things clear. Major support line is 7$. I'll keep this updated.
OMG/USD: Possible Bullish TrendOmiseGo has respected very well the diagonal resistance since the beginning of October. Finally violated the trend line at $ 6.90 approximately, it is currently making a pullback to the same level. If the upward trend resumes, it can be a very good buying opportunity, as a confirmation we can expect it to define above $ 8.50.
Long OMG/USD Found new support @ $7+If you missed the long wait till the $7s pullback towards support for a new leg up toward $9 and up. This is a classic falling wedge pattern.
OMGUSD - falling wedge. OMGUSD - falling wedge. I expect rise, but need a few days or more. Let's see.
OMGUSD Ready to breakout. One more down before Segwit2X?Considering the Segwit2X is 7 days to go
I expect a small wave up and down. Probably one more last bottom.
-6.1 is the hard support.
PS. Don't believe anythings I am saying here. I am not a professional trader and draw graph for fun only.
OMG USD an idea...Please use this as a reference - this is not a trading advice. Too many things are aligning for me to ignore...
Please comment for questions
