Hello everyone, OMG is ready to go up again, my targets of previous prediction all worked out. DYOR, this is not financial advice Previous prediction: Enjoy
OMG hitting the bottom on weekly, I'd start buying with trigger to sell just under support and wait
Omisego is trading sideways within a 1D Triangle (RSI = 53.725) under High Volatility (ATR = 0.2020) that keeps the price within a 2.9590 Support and 3.8740 Resistance. Due to the underlying long term bearish trend on the 1W chart (RSI = 37.359, MACD = -2.090, Highs/Lows = -0.1851, B/BP = -1.9305), shorting every move near the Resistance is better suited than a...
3 Reasons for setup: Location: At new bottom support Momentum: W confirmed in Willy n OBV. Structure: Double bottom trying to confirm, enter at break of candle body. Profit Objective 50% retracement level or 2:1 R/R min
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Breaking this descending trendline would be bullish in my opinion. Stochastic RSI and MACD are looking good to try an upward movement. I doubt this can by typified as a falling wedge but I included the lower line nevertheless.
OMGBTC logarithmic chart The falling wedge with good signals from indicators. Have resistances from Moving Averages.
OMG BOTTOMED GOT SUPPORT AT PREV. SUPPORT LEVEL OF 45111 SAT, WHICH IS AT FIB 100 OMG JUST OVER THE EDGE OF EMA 21 WHICH IS GOOD OmiseGo News: Team Close To Completing Plasma Integration OmiseGo is building a public, permissionless, peer-to-peer network that focuses on mobile wallets being used in Southeast Asia. As an ERC-20 token based on a decentralized...
- Sitting on long term support. - Bullish divergence on RSI - Ben Trend Indicator showing bullish signal - Good upside potential 150-300%
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Omisego gave the expected bearish 1D candle that tested the 2.9640 support creating a Falling Wedge (RSI = 43.877, MACD = -0.127, Highs/Lows = -0.0320, B/BP = -0.0909). This should technically seek a Lower Low at 2.6561 (first TP) in the coming candles, but the 2.9640 1D support needs to break as so far it has been rejected twice. Even if the Wedge breaks, any...
PRE ENTRY OMGUSD Long Entry 3.10-3.20$ (breakout) Target 4.30$ Stop 2.80$