I think OMG has what we call an Irregular top pattern in EW. This is when the 5th wave finishes & the ABC correction starts but wave A is very shallow , fails to correct the 5 up. This leads to the B wave extending higher than the 5th wave & then the final C wave moves to correct from the top of wave B. I also think we had a classic 1-2, 12345 wave extension which...
OMGUSD - Intraday - We look to Sell a break of 13.698 (stop at 14.211) Short term bias has turned negative. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Prices have reacted from 18.20. We look for losses to be extended today. The previous swing low is located at 13.75. 50 4 hour EMA is at 14.10. Our...
OMG is fundamentally solid crypto that rose to fame in late 2017 being one of the early gainers in the 2017 bull run, ever since then 1120 days ago, OMG has been in a pennant formation and has broken out!!! THIS IS HUGE! and many other coins such as wanchain are sharing similar patterns! Bullish indicators - 1120 days pennant breakout - macd and ma cross...
Retest of the Downtrend OMG USD
I think everything is clear in the picture, but if OMG can cross the black line, it can reach higher levels of 3.49 3.75 ... but if it can not resist, it will go to lower levels. Buy carefully and patiently ...😌 Good luck friends✌✌ ... Please like and comment✏♥️
*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...
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...
The current situation: 1. Price action has ran up to about 4.3 USD today and now has formed a head and shoulders, a bearish pattern, on the 15M chart. The neckline of the pattern is about 3.95, which the price action has now broken below and the measured target is about 3.6, which is about where the 1HR moving average is. The 4 and 6HR 200MA are at about 3.8...
At 4H, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing downward, indicating a price correction at the 4H timeframe. Besides, RSI is at the oversold level, which indicates the weakness of sellers, and also a divergence has formed between the price and RSI. We recommend buying OMGUSD now with a stop loss at 5.3 and take the...
More income?! (High Risk)
Deep rollback level. And it's a good way to get into shorts. Or you can cover your spotting position. I'll fill in the unsold zone. And I guess in the near future. The AO RSI indicators show a sale Push ❤️ if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
OMG/BTC OMG made a higher high last Nov 16 but the price went below 50 Day MA and it's on a deep pullback. If OMG can hold support between 950-1000 sats and bounce above 50 MA, there is a high probability that a new higher low is now set and potential daily trend change.
You can see the Chart of OMGBTC on Daily Timeframe . It Seems Like correction period End. I have Mention Support and resistance levels on Chart Note: This is only for Educational Purpose this is not an Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan
Hi All Hope all your trades are going well Expect: Short-term: Short Expect: Long-term: Can't miss in SE ASIA This is my girlfriend #1 Coin she invest in, and she is in accumulation mode lol Be sure to follow me and like this post if it was helpful, and thank you all. Like the Phoenix we will rise from the ashes Happy trading People....
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 $