I have longed OMGUSD for a long time and taking profit at this stage. Looking to short again in the coming push up possibly also create divergence.
PRE-ENTRY OMGUSD SHORT
ENTRY - 2.12$
TARGET - 1.5$
STOP - 2.35$
We are in an uptrend with BITFINEX:OMGUSD and BITFINEX:OMGBTC If we can stay in the uptrend wich is now touched we may see further upside. First target is the end of the red arrow. After we maken a higher low way may continu to the important zone of $3.
BITFINEX:OMGUSD price crossed above the resistance level set at $1.80 and is looking to set a new support level at $1.9582. Price breaks out of Bullish pennant triangle signaling an upcoming bullish run in coming weeks.
At the 4-hour timeframe chart we can see a nice bullish flag formed after consolidation and correction period finished.
Technical analysis is great as well as fundamentals. We can see majority of indicators become bullish and the reason is the volume grows and the price made a break out of the local triangle. Moreover there is a hidden bullish divergence of...
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.
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a lot of acculumulation over the past two months we could still retest these levels but breakout is also likely and reward is good so I wouldn't hold back too much here could see a few days of upside on these two if they run
OMG really is an amazing project and they have stayed off the radar and -- been very quiet in the bear market -
they don't announce things unless necessary ....
but they working behind scenes like crazy .... and things are really developing --
it certainly has come down a long way
as of today feb 13th 2019
OmiseGO Price $1.14 USD
Market Rank #30
Looks like price is making an attempt to break out from a falling wedge pattern. Odds are great given the following:
- Daily RSI bullish divergence
- Weekly RSI bullish divergence
- Money flow divergence suggesting accumulation while price was going down.
- KST nearing a bullish crossover and bullish KST divergence.
- OBV confirming volume spike, giving...
OMG - OMG/USD - Omisego Update - Daily - Neutral
Range set after catching support at ~ $1 (1.08)
Top of range 1.53
VOL ATR indicator - short, but 1.12 price appears to be on the lower half of range
OMG OmiseGo OMG/USD weekly
down trend testing 2017 ranges
currently testing bottom of local range 1.08 - 1.53
appears 1.08 support held, waiting for confirmation
median of local range and test for move up resistance 1.30
Top of range 1.53
final support at 1.02
ATL support .31