OmiseGo How to Trade

BITFINEX:OMGUSD   OmiseGo / Dollar
Based on the 4H chart we can see a double top chart pattern. It belongs to a reversal group of chart patterns. We should expect for downward movement to 5.5000 level at least. This is a support level which can stop and reverse the market. Also the uptrend line is an additional support in this zone. We must be ready to open long trades based on a confirmed reversal signal. Stop orders must be placed below the local swing low. If the market drops below 5.5000 level, we'll get a confirmation of the double top pattern. The market will drop to 3.7000 support level . If the market bounces from this level, it will be a new trading opportunity.
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cool, very stable for the support level, uptrend line and price. the resistance level become new support level by break in later on
You are quickly becoming my best friend! Great call on NEO the other day. I didn't take the trade because worries about BTC pullback and what effect that would have but am watching closely!
Forming ascending triangle .... probably accumulating for up movement ?
Hi. appreciate the analysis. what software are you using to generate these charts?
@DLavrov hi, is posible could you please create one for IOTA? It is moving very fast from .25 to .91.
@DLavrov , Your charts are very helpful. I have a question. If the volume is more in the Second top than the First Top, can this be considered as Double Top? Learning from the Master :)
Can you do one for nxt?, Much appreciated!
Spasiba Dima, skazhi... why do you chart against USD? Do a lot of people pair cryptos against usd? I thought primarily only BTC, ETH and LTC.
Personally speaking I mostly trade with BTC... looking at the USD really messes with my head. I still check my balances in USD and hate myself for it. :)

Did you see NEO almost duplicated its last leg up?... almost identical.

Also, QTUM/BTC... looks like a classic head and shoulders to me right now.

ya bayuz!
The team is meeting Vitalik and Ethereum team right now for the Plasma project. Shouldn't we expect an upwards movement based on the news?

Source: https://twitter.com/omise_go/status/897089480128999424
+1 Reply
mitarcher vlatoshi
@vpresident, I think any good news will shoot the price upwards. TA is based on the pattern we saw so far
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