Looks like will be breaking out of the wedge soon Bullish macd bullish rsi divergence on a daily chart its sitting on the support hovering around the 0.5 fib levels
My previous analysis is shown completed with truncated C wave completion. Technical Analysis : -5th of C wave completed -Channel break - H4 RSI divergent - Daily AO showing bullish sign - Great Volume Fundamental Analysis: -OMG Forking / Spooning TRADE with RISK MANAGEMENT!!! I am an individual trader, based on personal analysis. Welcome to share your ideas...
Coin of the day is OmiseGo. OmiseGO is an open payment platform and decentralized exchange issued on a base of Ethereum technology. The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services...
We got Divergence and it's looking good to buy. keep maintain money management in all trades. Thank you
Although OMGETH seems to be back on the up. The same cannot be said for ETH and BTC in the short term. There is a large (bullish) falling wedge with a potential ABCDE triangle inside. It may be possible to scoop up some OMG for $4- $5 in the coming weeks before we break out of the triangle. I for one will have a buy order sitting there just in case it...
I am an individual trader, based on personal analysis and fall in love with Elliott Wave trading. Welcome to share your ideas and let's improve it! Kindly follow me at steemit @jackson90vad My douth: -is the C wave completed 5th wave and I miss calculated it?
OmiseGO OMG - Strong Breakout - News About Hard spoon - Opportunity For Good Profits Buy at : 0.00123000 - 0.00126000 Target 1 ; 0.0013000 Target 2 ; 0.0013700 Target 3 ; 0.0015000 Target 4 ; 0.0019000 Target 5 ; 0.0020500 News from Official Twitter twitter.com Good Luck!
quick update from last chart. it sits still within the channel and happy to hold till target reached.
There is some coins out there which are holding well with BTC dropping little by little.
broken above channel, if BTC plays nice for the next hour we could well see that target. Happy to wait.
breaking away from triangle formation.
Look out for a possible break from triangle formation.
It looks like an inverse head and shoulders pattern is forming for OMG/BTC. We need to close above the neck line which could bring OMG to the target shown.
$OMG looks ready to break out again. Should be a nice and safe trade as long as $BTC doesn't shit itself in the next days. Target is the recent high, although we'll probably adjust it along the way according to $BTC's behaviour. Tight stop-loss to protect us from possible crashes along the way, as the market is way too unstable right now.
I am an individual trader, based on personal analysis and fall in love with Elliott Wave trading. Welcome to share your ideas and let's improve it. Kindly follow me at steemit @jackson90vad My douth: -is the C wave completed 5th wave and I miss calculated it?
In this market, it's far from a guarantee but OMG looks to be setting up for a bull move. This is indicated by the simple 123 Bottom formation. Simple is best . Don't get caught up in the confusion that the many different indicators bring about. TRADE: BUY: 0.00140100 (on green candle close) TP: 0.00160000 SL: 0.00125000 DYOR.
OmiseGO has crossed the local (March) downtrend line as well as 0.236 fib retracement level. This may be interpreted as one of a reversal signals. Possible scenario: OMG goes up to 0.618 fib level (Target 1), then bounce back to somewhere between 0.236 and 0.382 levels. After that it may turn back and finish the right shoulder in inverse Head & Shoulder pattern....