This serves as a supplement to my analysis, OMNI-the-forgotten-coin-with-huge-upside
Since it’s inception in the form of Mastercoin in 2013, the Omni Layer protocol became the most successful meta-protocol on top of Bitcoin.
In total, digital assets with a market...
Welcome Back Apostles!
How about some more fractals??
Omni has been a coin on my radar recently, as it seems to be playing out a fractal damn near the exact same as the one formed almost a year ago!
Below, I have highlighted some points of interest in helping me determine where this market is headed.
Taking a look at the first fractal we can see the strong...
Hello my dear watchers.
I would like to introduce You coin that could be traded on Poloniex and Bittrex. I see there is very small daily volume, low marketcap but recent spikes shows great pump potential. OMNI is known from ability to make one-time sharp spikes, so proper money management could open to You great accumulation opportunity.
So my advice is to start...
Since it’s inception in form of Mastercoin in 2013, the Omni Layer protocol became the most successful meta-protocol on top of Bitcoin
In total, digital assets with a market capitalization of more than $ 1.2 billion are represented on the layer.
Now look at these figures:
-Market of of only $20mil
-Total supply of less than 1 million coins (600000)
One of the most undervalued coins on Bittrex. Huge upside potential. Volume has been picking up but we're still waiting for a major breakout.
The flat top of the daily cloud acts as a magnet, so the first target/resistance is at 0.009.
The next fib targets/resistances are 0.0117 and at 0.0167, all time high(closed candle) around 0.03.
After being in a range bound for almost a month POLONIEX:OMNIBTC is up by 240% and now it is facing some resistance due to 100 day and 200 day moving average.
One of the trade booster is there's been a crossover of 20 day and 50 day moving average which previously happened in august month.
The price will be range bound for few more days till more reversal signs...
This coin is ready is priming up for a bigger push. Omni just saw a big push but that isn't a problem for us. We can still expect to see ~ 200%-300% profits maybe even more long term.
The 4Hour chart is about bottomed out for all indicators so look for a new push soon. The daily chart has the 50 EMA passing the 100 EMA as well as looking to go past the 200 EMA...
Watch these white fib levels very carefully. It could easily break the 61.80 fib level and at the same time break the forming young downtrend.
It look like a very good set up and I'm patiently waiting for the break out. My final target would be the 127 fib level.
OMNI, this is a trade analysis that is exclusive for you, but this is also a trade that will put your patience to test. This trade will test your patience because it is already overloaded on the daily chart, but it is a good buy for the longer weekly term.
So, are you in for trading it and making huge profits in a weeks times, or will desperation take the best...