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...
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...
I was looking at the chart of OMG and I immediately saw this beautiful purple cup with a forming handle. The trend is sideways to downward for the moment (mostly downward), so that the handle can be formed. You can also see that confirmed in the MACD (death cross on the daily) and clear overboughtness in the RSI. This makes me to believe that we are likely...
I am speculating that we are potentially in a broad wave III and mid-term wave 3 in OMGETH (Weekly chart). Price ran from 0.0021 to 0.045 in wave I gaining 2000%. Then retraced to 0.0124 in a wave II. Price reversed from there and completed a minor wave 1 and 2 (part of wave III) and recently started its wave 3. If I am speculating that wave 3 is part of wave III...
Here is a simple chart showing the route that I think OMG/ETH will take in the next two weeks. The ATH for this pair is around 0.045 and I think we're seeing a parabolic move back to those levels (and beyond). I believe the value of the OMG project was priced into the initial climb to ATHs back in August and September 2017. After a large correction back to...
These last couple of weeks have been great if you’ve been following OmiseGO. There hasn’t really been any deception in the OMG/ETH chart and the swing trade I opened last week has developed perfectly up to this point. I’ve closed 20% of my initial position at 0.025, and my second sell order for another 20% closed at 0.0285 in the middle of today’s rocket of a...
Good afternoon all, Today I'm looking at OmiseGo. I'll be monitoring this closely, as ETH continues to rise, expect ERC 20 tokens to rise with it. What I'd like to see before purchasing is a high volume breakout of the resistance zone I've highlighted. Key Notes: 1) If 1425 is broken with high volume, I will be looking to enter long until 1620ish, these...
OMG's base support line reached, and it's good timing! Breakout moon soon, son :) Grew my bag a lot recently :)
The bull flag trade I initiated last weekend is starting to play out perfectly! With the announcement that the hard spooned Cosmos OMG tokens will be tradable and stakable, I believe that people will be FOMO'ing into OMG to essentially receive double the tokens. There will be an announcement 2-weeks prior to the airdrop snapshot, and OMG holders will have to...
OMGETH has broken out of downwards channel and looks like it could be starting its wave 3. This probably wont make a huge amount of difference to the US$ price until ETH and BTC start a new rally upwards. Then the leverage against them will send OMG price soaring to the moon ;)
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
After further analysis of the Bull Flag chart that I posted yesterday, I have decided to place a buy order at 0.0205 for a swing trade on OMG/ETH. I believe that there is pent up demand and interest around this project that will lead to a parabolic increase in price once more information is announced regarding staking, partnerships that are currently under NDAs...
OmiseGO Community is anticipating news next week and has been holding its ETH ratio in a very bearish market. For these reasons, I remain bullish in the short term and plan on trading this pair. If there are any announcements of partnerships that were previously under NDAs once their ewallet SDK goes live on Honte, I plan to play a . Look for a bullish break...
New idea on OMGETH. This is roughly based on my last post, but this time with much more detail (and usable math, to boot). I was struggling for hours to pinpoint where the resistance and support lines were coming from in this pattern, and finally discovered that the Fibonacci Fan fits quite perfectly into the pattern, with clear support and resistance tests on...
Above each of these trends, the price breaks upward, and draws a short consolidation before spiking upward again. The red boxes highlight the points of consolidation. Seems like we are at the end of one of those consolidations right now. If the pattern continues, then we can expect a bull run of about 18-22%. Cheers! -B *This is not advice to trade. You do not...
Quick Trade OMGETH is breaking out of the descending channel RSI and Stochastic both are showing positive sign TRADE SETUP: entry: 0.019 Take profit 1: 0.03 Take profit 2: 0.04 Stop Lose: 0.018 Take the trade thanks later Note Stop Loss is important :)