. There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. OMGBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which...
Hey friends hope you are well and welcome the new update on OMG token.
The price action has broken out the down channel. The volume profile was already showing low interest of traders in channel. The POC of volume profile is at 0.00055 btc. Sofar the volume indicators is showing buying volume with continuity.
Cup and handle in an inverted graphic on OMGUSD , it's just an idea :)
To estimate a target, traders usually take the range from the bottom of the cup to the top of the cup and add this to the top of the cup.
see more HERE
The title says it all. OMGBTC is extending the parabolic rise it started in May, this time on an even more aggressive manner as just in August alone it has gained +500%!
It has even broken above the multi-year bearish trend-line of Lower Highs and the 1D RSI is on an Ascending Triangle.
Typically it is very difficult catching such aggressive rises, the MA50...
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OmiseGo ( OMGBTC )all i can say right at the bottom and all time low. Its in huge correction since 23rd april 2018 when it did high of 0.002543.
I would recommend to take entry now, atleast 5-10% of your portfolio funds.
RSI 29 extremely...
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...
OmiseGO - Short Term - We look to Sell a break of 3.488 (stop at 3.652)
Posted a bearish Flag formation.
A break of 3.500 is needed to confirm the outlook.
A break of yesterdays low would confirm bearish momentum.
The bias is to break to the downside. We look to sell rallies.
Expect trading to remain mixed and volatile.
Our profit targets will be 3.028 and...
The current situation:
1. A descending triangle pattern is now more apparent with 53% chance of breaking upwards and the measured target is about 4.45 USD from the apex. But still, note that there is still a head and shoulders formation within the triangle, which is a predominantly bearish pattern.
So far, the Fib level (gold line), 4 and 6HR 200MA have been...
OMGBTC has historically traded on a Bull flag ( a rapid rise in price, followed by a period of either sideways or slowly declining price) It seems to be reaching the end of that flag.
The last 2 weeks have been a steady decline for OMG. Currently it's resting at the start of it's former Resistance area. Another drop in BTC price could potentially see us fall...
Insufficient longs to break the overall trend resistance created from a whale pump,
your first support has been testing nicely but is overall in a bearish condition
The chance to break bearish circumstances within the bullish channel has not been met.
I forecast a return back down to 1.50 with weak hands selling at 3.50.
The project is still doing well but under...
Hey, friends hope you are well and welcome to the new update on OMG token. Recently the price action of OMG has started the correction rally after a massive bullish wave of more than 1000%. So in today's post, we will try to understand that whether is this a really correction rally for the price action will move more down.
Is this a breakout or fake out: