It is not the time for going long on OMG. Profits should be taken from latest bounce. RSI on daily is showing oversold and a bullish divergence, indicating we could begin trending sideways. Upward trend is highly unlikely. Most alts reverse after 90% retracement. I am favoring scenario 1 because of the RSI, followed with a continuation of the downtrend. However,...
Expecting the breakout moving in the triangle near support line, impulse up.
I see OMGBTC price at demand zone and it's a good opportunity to buy it. It has passed 4 Fib levels and now it's on last one. Williams R% at lowest level and the only exit is upward movement. My idea is to buy OmiseGo at white zone and sell it at end of upward arrow. Don't forget about stop-loss lower than white zone. Good Luck !
Trend down. Going to the 88.2% level fibonacci. Falling wedge-reversal pattern
The price bounces from the support zone formed by the uptrend line and 7.20 level. RSI and MACD histogram confirm price reversal. Profit targets should be near 10.00 and 11.30 levels. Stop orders can be placed below 7.40-7.50 level.
I have redrawn so the triangle points more to the East, we might go a little bit more East. and whether it gonna go up or down, we will experience that together.! OmiseGo has proven the coin fundamental is strong. Despite unconventional marketing approach, the coin support is still good. Thanks to @PeacefulWarrior , he helped clearing some of my doubt. "Under...
OMG - getting close to a bounce. Could consolidate for a while. What do you guys think?
Since this asset is reduced with rollbacks through FIBO channels, there is a possibility that the next pullback in the upside is possible from 50% of FIBO
Hello all, What do you think of this Head & Shoulder pattern on OmiseGo? Could OMG be headed to .0012BTC? All comments, thoughts are welcome.
This is a follow up to my post about OMG's Head & Shoulder Pattern from 10/05/17. As you can see from my original post, OMG did reach target of .0012 (slightly below actually) and has since bounced pretty nicely, even reaching .00155BTC. I'm not convinced we are in an uptrend yet. I still think we need a week or so to confirm. I'm of the belief we will see BTC...
OmiseGo have a good news about partnership HBT and Roadmap realise. Price brokeout r-resist. and looking for strong R. Need brokeout R-resist to go! Use Supply zones as targets.
We already had a breakout of the triangle pattern. It's testing the resistance line of the triangle again. But we have really strong support levels at the 6.60 usd and the 7.60 usd!
Most is explained in analysis. Short Swing Target: $9-$10 USD Medium Target: $15-$20 USD Stop Loss: $6.7USD Low Risk:High Reward Trade.