OMG rejected the previous double bottom at the weekly support around 114585. Now has dropped with btc to a 4 hr support and formed another double bottom on the 4 hr time frame. a nice bounce off support has now happened although there is a weekly trend line just above which may act as resistance. I will be waiting for it to make a move either up or down from...
As we can see, OMG has been stuck in a falling wedge and seems to me like an ABCDE correction. Rules of ABCDE correction dictate that there's a high probability of a breakout at termination point of Wave D. Lets not forget that there are not one, but two airdrops incoming for OMG in the near future. In short: We have Technical and Fundamental evidence to support...
OmiseGo was in a downward trend since May like the other crypto markets at all. A falling wedge is at the verge of determining where to head to after the break out. If it closes above the green circle it will start a rally of an elliott wave and if it closes below the red circle we might continue seeing a correction. RSI still needs an improved position and MACD...
Technical analysis: . OMISEGO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . There is...
Technical analysis: . OMISEGO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . There is...
OMG is a strong altcoin and has a beautiful chart. There are bullish divergences on a weekly and daily charts. Honte (Plasma for OMG) on it's way. Bullish on this coin, not bullish on overall market situation. Wouldn't like seeing it below current support.
OMG is forming a double bottom on the daily at a strong level of support. This level has been respected as both support and resistance multiple times on the 4 hr and daily time frames. Looking for a good bounce here to break the daily down trend line and head up to retest previous structure. Tight stop loss in place just in case this support doesn't hold.
Long position: Buy: 10-11$ Stop-loss: 8$ Targets: 18$ 20$ Term 2 month
I had 2 good calls yesterday on alts (bat and key) so why not keep em coming? These plays are only possible when BTC is stable so enter with caution but I think it may remain ok over the weekend. OMG just bounced off a critical support and looks upward bound. Hopefully it will get an upward spike soon.
Looking the intraday movements we think there is a big chance for this to pump, buy here asap. Follow and like for updates!
OmiseGO (OMG) is one of the top altcoins, 20th by marketcap and just bounced recently from oversold on the RSI. Last time that OMG bounced from oversold back in early December 2017, it went on a 4x bull run, that's 400%+ increase in price. Right now the Altcoins market is moving, positive/up, and OMG just bounced from the oversold line on the RSI. I am seeing a...
Looking like a retest of support and then OMG can take off. First stop is going above MA50 / 200 EMA and then hitting the fib levels. We've already had 2 touches to resistance and 2 to support. One more to break resistance and we should be seeing some nice increases come August if BTC pushes up as well.
Long entry will only be permitted if the support level is respected once again. SL is below the low of previous bars. Should an entry come into fruition, we have a massive R/R of ~28, targeting previous highs.
OMG/ETH and OMG/BTC show similar trends. RSI, MACD look promising. VFI still in the bear territory - not much buying yet. I wonder if/when it gets a volume spike. So far slowly grinding up. Use a tight stop in case the bear scenario plays out. Although my bet is on bulls. The bear scenario isn't bad either - just stop out, wait for the double bottom, rebuy. If...
Almost a vertical drop in OMG should stop? In this we will help the price zone 5.8-6.2 $. Why did I decide exactly where the price will stop? See the global idea of OMG . This idea is a particle from the big picture that I see on this coin. The rebound will be fixed in 3 price zones: 1) 7.05-7.3$ 2) 7.7-8.3 $ - I will cover the most part of the position here 3) 9.2-9.7 $
On 3days timetable it is clearly visible how OMG formed the head and shoulders, which is confirmed by volumes, breaking the basis and the most important price level 7.7-8.3. Therefore, if the test of the price zone 7.7-8.3 or the basis in the area 9.7-10.4 will be successful - then I wait 3-3.5 $, and then possible and 1.4