OMG just closed down on support. Here should be enaugh buying power before me move back up again. Once we get over resistance, this coin should see new hights.
My crystal ball gave me this reading this afternoon ;) In all seriousness tho, please don't trade off my doodles. Only one of untold possible scenarios. I'm keeping a close eye on BTC for some overdue corrective price action which could have a negative effect all the alt markets.
A small time frame inverse head and shoulders neckline has been breached. The Neckline target will in turn breach the neckline of a larger time frame inverse head and shoulders with a neckline target of $11.7 A close above $8.61 on the daily chart will make a new higher high and confirm a change to an uptrend. Failure to breach neckline resistance and a breach...
Yesterday OmiseGo finally closed behind the price level of 10 USD and thanks to it, it escaped the long term downtrend triangle. It seems, that OmiseGO has quite long trading cycles and right now we are on the whole beginning of another uptrend channel. If OMG stays in the same bullish mood, as it was in august, we could easily hit 20-25 USD/OMG until the end of...
We could be on the verge of an OMG breakout, w/ room to move 20-30%
This market was struggling to perform compared to other instruments over the last few months. In August OmiseGo was on fire. We tagged the major fibo resistance (a shorting level where longer term market participants decide to stay or leave the market) and collapsed. This is a sign of weakness, even tho we formed a bullish wick. I can see the uptrend line getting...
After having seen a huge spike to the downside on many crypto pairs, chances are high that the month of December will present us plenty of decent buy opportunities. Having a look at OMG, my area of interest is $10. If we see a clear break and close above the point of validation, the continuation would be confirmed. BUT there is also the possibility of a further...
OMGUSDT chart is showing an ascending triangle and Also it formed a double top pattern. If the resistance at $9.87 breaks, the price will go up very fast. The pending buy order should be set at above $9.9 and the stop loss should be set at $9.2. Since there is another resistance price at $10.52, the first target should be placed there, and the second target will...
Looks like OMG is finding support and has been in consolidation for quite some time. There has been some accumulations of large amounts of OMG as shown in the volume. Entry at .00081-.00076 Stop Loss: Pay attention to the last support levels at .00065 and .00060, I am doubting we will reach this point. Some very big potential gains here for OMG, any news will...
OmiseGO has been correcting and bottomed at 61.8 fib level and finding support at historical uptrend as my previous analysis have been forecasting: Reversal signals: - Daily MACD has crossed, crossing the 0 line will be a confirmation - Price has break 4hr - MA100 and keeping above. - Price is bouncing from historical uptrend and acting as huge support. At the...
There is an inverted head and shoulder that broke the neckline. It was also impulsive as well, indicating another wave continuation to the upside. What are your thoughts? Trade with care.
look chart OMG "sits" on fibb level 61,8% MACD turning from negative to positive but still below zero! RSI at 48 (under 50 is negative) will the price drop to lower levels and touching decision lines? or will it rise clearly above the fibb level? just wait and watch! I recommend to wait at least one 4h-bar for confirming! One hasn´t to be the first on the...
As You can see, with Correction on BTC, we've got the same on OMG. We need to observe moves on both currencies.
OMG is in a bearish pattern. But probably we could see a "Cup with handle" - as shown in my chart. In this case a rise of OMG-course is possible to the old ATH.
For the last peak at 9.9$, I think the Wave3 doesn't finish yet. From 9.9$, OMG retraced nicely to 0.5 fib area, time to go up more. So it would be nice to continue Wave 3 along the orange line. Next Target: 11 - 11.2 Stop Lost: 8.5