OMGUSD pair : looks like forming a big Cup & handle
BTC pair : double bottom
ETH pair : double bottom
Latest news : OMGX public testnet launched in May in partnership with ENYA. Next generation Ethereum Scaling Solution
Waiting for volumes !
Market Cap : $1,268,934,519
Circulating Supply : 140,245,398.25 OMG
Max Supply :140,245,398.25...
OMGUSDT - Intraday - We look to Buy a break of 10.52 (stop at 9.86)
Daily signals are bullish.
A break of bespoke resistance at 10.50, and the move higher is already underway.
Bespoke resistance is located at 12.50.
Bullish divergence is expected to support prices.
Our profit targets will be 12.37 and 13.37
Resistance: 10.50 / 11.40 / 12.50
as you see we are at FIB.retracement 50% + we are at great price reversal zone(yellow one) and powerful uptrend ,for rest of way, volume is fine Stochastic and RSI are at high levels, don't miss this. and there are two targets I used Fib.projection to mark it.
OMG as one of the promising scaling solutions starts to print a parabolic recovery.
We look at a 10x potential until we print new ATH.
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like...
OMG is in an upward channel, since March 2020.
I think we will reach a target of 40-50$ at the end of the bull market. Don't get thrown out of the market! It will be turbulent, but it is part of the bull market.
Not going to explain in detail why this idea is relative and has high probability of success.
We are in WXYXZ pattern and wave Z just started.
Make sure to take profits at the top, because this is what is coming after targets are met:
I love this pair, and after the previous move, I'm scalping while I wait for my next entry after bullish breakout/momentum continues. chart your own because i'm not a financial analyst or advisor.
OMG TO THE MOON!!!!