After finding the support at $5, OmiseGo went up to almost $30, resulting in a huge 445% growth in just over a month. Obviously, $30 psychological round number has acted as a strong resistance, which is also confirmed by the 261.8% Fibonacci retracement level. While the $30 resistance is respected it is likely that OmiseGo will correct down towards either $20 or...
OMG has formed another cup formation. I published a chart on Dec. 31st showing that OMG had formed a nice cup shape. OMG went on the form a Cup and Handle formation which it broke out of on Jan. 7th. IMO OMG will break out eventually, it could be soon or OMG may continue sideways to form a handle.
Following-on from its successful launch and fantastic run-up in the Crypto markets in the second half of 2017, $OMG has been able to quickly establish itself as a kind of "non-controversial" token, which most Crypto Currency enthusiasts accept as one that has a very good chance of delivering on that coveted promise of "Real World Adoption". OmiseGO has many...
Looks like OMG could be forming a bit of a longer consolidation pattern before continuing on. Looks to be moving in one of two possible channels which are marked. Retracement of last wave hit the 50% level nicely and the pattern is forming lower highs and higher lows. I've indicated a couple of possible sell targets in red. Good buy zones could be either at the...
MACD about to cross indicating that the price is wanting to move higher and RSI forming Positive Divergence both of these things are support upwards movement. What needs to happen next is that the price needs to break resistance level and downtrend line which would give strong signal of upward movement. Partial of the profit should be taken near to the previous...
I'm theorizing that as the Kijun (yellow) line crosses over the Tenkan (blue), we'll see a TK cross that will result in a mild bear run if the cross happens above the cloud. Keep in mind, this is on the 4 hr standard so we may not see the bear for a few more days. I'm predicting some good OMG buy opportunities. Keep eyes on the MA 50, 100, 200; they are all...
It's sideways now wich is good for another day trade, could take hours or day
This is a short term trade. The price bounces from the support zone formed by SMA50, the uptrend line and 20.00 support level. RSI confirms price reversal. MACD supports upward movement. Pending orders for buy can be placed at 23.20 level. Stop orders should be at 19.50 level. Profit target should be at 26.00 and 30.00 levels.
Omisego seems to have met its target and is back to more "confortable" areas and regain strength. It is well known all the work that this company is doing in Asia and no doubt its future is bright, however for now my chart shows me that it needs to return to its support areas. As always my idea depends strictly on the respect of the angles, so the breaking of any...
In the small red border we can see a half of the big border . nothing can stop this chart from reaching the target .
If you have been following Crypto for over at least 1 year. You would know Omisego is one of the project many people look forward to. Initially it had a huge run up and then a period where it was brought down to ATL, like many coins. However, Omisego has yet to explode in the way other coins did. If you check out Stellar Lumens before it big move. It is similar to...
OMG has been forming a nice bullish pennant after it's recent move starting on 6th January. The breakout from the pennant will normally make a move at least equal to the length of the previous move (the flagpole) which would also touch precisely the 1.618 fib based on a trend based extension of a previous wave set starting on 22nd December. Buy now or wait until...
Bullish flag forming on the hourly, let's where's it headed.
OmiseGo has been included in any Crypto investor's portfolio for 2018 as this Ethereum based token promises a low-cost and more secure decentralized payment/wallet platform with its own Blockchain network accessible for any person in the world. In another fundamental perspective, OmiseGO is a project created in collaboration with the Authors of Lightning Network...
Looking at Omise to be pushing upward through wave 3 before correcting, careful with buy ins
OMG looks like it may be breaking out of the Cup and Handle formation it has been forming. We shall see if this is a real breakout or just a false breakout.