Lots of signs that point to OMG remaining strong and due for an explosive ride upwards this weekend. RSI slowly heading towards oversold status while it continues to test support at the 190k level. We had a cross of the base line in the Ichimoku cloud, but we're going to need heavy sell pressure to bring it both below the cloud + break through the 190k support...
Looks like wave c is forming for the elliot wave correction pattern. Target ~.008
OMGBTC currently on an ascending channel, seems to have formed double bottom and double tops. Double bottom found resistance before reaching pattern TP. Double top just formed. If pattern is not fulfilled could lead to new ATH with resistance on Fib rET levels shown. Going short or long is up to your current holding. Key levels are shown in green and...
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target is around 10$, putting stop loss at like 7.75 or 7.85, Good Luck
Seems to be pushing through top resistance, if it does expect big gains. Strong support line as drawn in the diagram will keep it from dropping too much, GL
So I'm really new to Elliot Wave, but I enjoy the theory as a basic concept of human behavior. The first 5 waves of OMG seem relatively clear and straight forward. I have more trouble with the correction waves as there seem to be more variations. If anyone out there can assist, would really helpful. Also, interested in a projection on breakout out of the...
OMGBTC seems to be in a predicament now. There's no buying pressure that will push the price above the downtrend slope. If it breaks above it, then we can retest the all time high. If not, we could go back to support around 150000. Looking at market depth, selling side is a little thicker than the buy side. I don't see a good signal to enter yet. Probably when it...
OMG setting up for a glorious 3rd pump. Chart looks healthy. 3 target zones clearly marked. Be sure to take profit in Zone 1, as BTC is king right now, and there are no moonshot guarantees, no matter how promising the coin. The more risk averse may wish to wait for confirmed break out before entering. Those comfortable with more risk exposure will likely opt...
Wait till breakout to determine the correct course of action, GL
Bullish pennant forming on the one hour chart. If it breaks resistance we should see a nice bull run up! Happy holding fam
**Making the third pump before we see major retracements **Strong bullish movement buyers are in control **Lots of hype around this coin **Ascending support + about to breakout of descending resistance **Healthy VOL More great videos to come! This is part of my youtube channel's series "From start to finish TA" please checkout the video on youtube...
seems like it broke resistance and has a chance of hitting first resistance level if it breaks out it will probably hit the second resistance level
MACD hitting a low cross indicating trend reversal? Potential Buy Point if we can get above the top line, If it breaks down we can see significant drop as the Fib Retracement levels indicate support