You can see we previously completed an inverse H&S signifying the reversal of our downtrend.
We now have what looks like a cup and handle forming.
RSI nearing oversold levels and beginning to reverse.
MACD (potentially) starting to turn over as a confirmation.
I say go long.
T1: 180-200
T2: 250
T3: 300
Not financial advice, blah, blah, blah.
Good evening traders, lets quickly jump into our OMG analysis.
As we can see on our 4h chart, omg is making lower highs and lower lows, the price just broke the 50ema and now its testing it as resistance.
On the 12h chart, we have already a higher high and the price might wanna make a higher low, the 50 ema is working as support for now, we need look out for...
Hi guys,
I am reducing the number of coins to up to 2 per week. For that, I am Working on all the alt market to make sure that I provide you great content and coins that are the most likely to go up.
The coin for today is OMG and it offers a great buy opportunity. Due to the mistakes I have made in the past, MACD and other types of moving average does not...
A relatively straightforward piece on request of a reader/follower.
OMG has switched from one upward trend channel to another, like missing a step on a ladder but still going to the attic. You can also compare it a little bit to the typical pitchfork analysis and we are now in the lower end of that upward pitchfork.
- Given that volume is rather low , I expect...
Clearly, OmiseGo trend is up, while it continues to produce higher highs and higher lows, not to mention that price stays above the 200 Moving Average. While the trend up is valid it is just a matter of searching for a perfect buying opportunity.
Is it possible that today is the day? The opportunity day? Well, it certainly could be!
OmiseGo has reached the high...
Hi, friends.
OMG coin is stronger than the market (BTC and ETH) for now. We see a clear bullish initiative.
The uptrend will continue its movement. Better way for now is to wait a correction wave to the max volume (P O C) of February and then buy.
Trade recommendation:
Entry point: 19.75 (aggressive) and 17.75 (conservative)
Stop: 16.99
Target1: 22.75
Target2:...
The impulse is not the prettiest, but both wave 2 & 4 retraces slightly.
These slight retracements show positive market sentiments of OMG, and it should be reflected in future price action. In my opinion, it will be extremely bullish.
Wave 2 often retraces to .618, but looking at wave A, it does not seem like it will be the case for OMG.
Watch out for price...
After reaching the all-time high at $29, OmiseGo corrected down to 76.4% Fibonacci retracement level that has been rejected cleanly, together with the uptrend trendline. The uptrend remains valid and the price continues to print higher highs and higher lows on the Daily timeframe.
After rejecting the Fibonacci support OMG/USD once again started to produce higher...
OMGBTC is at a crossroads. Hoping it follows the upward trend otherwise it's likely to head down to the next yellow support line, but it will still rise in the coming weeks.
OmiseGO TA:
- after an ABC correction, market has been painting a reversal H&S.
At the current time we are testing neckline.
If neckline support holds our first target is: 31.5 usd
A potential head and shoulders has formed on BINANCE:OMGBTC but the culminating drop has, so far, been resisted. Will it hold and continue in the upward channel?
OmiseGO is looking bullish. Wider view - price above the 50% Fibonacci correction of the global uptrend and the global uptrend support line.
Recently Omise broke the January high 0.0018 and still holding this level.
If the coin will be able to get higher then the next resistance level 0.00195 that will add more confidence to bulls.
For today OMGBTC is in lateral...
I see big falling wedge and we already break out resistance line. Now we moving in uptrend channel. We already break triangle. But inverted head and shoulders shows it will go up. One minus Stoch RSI overbought
This is just my second T.A and I think eventually it could at least hit $100. But it is going up very fast and I think we are still due for a large uptrend and hit support around $25-$30 or something like that (I haven't checked the order books yet that's just a guess). Honestly I think we are due for $30-$50+ after announcement and implementation of Plasma.
Hi Friends!
OMG looks like have Triple Bullish combo:
1. Bull Flag (target 0.0026)
2. Head and shoulders (both target reached)
3. Cup and Handle (target 0.0034)
Dear traders and friends, on this road we will see some retracements, I'm sure they will be.
Where to buy?
On Cup and Handle Resistance line: 0.00178 - 0.00184
