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Technical: OMGBTC after losing 83.21% from ATH is finally showing signs of a bottom. Not only that, we can also see textbook accumulation pattern. It seems for 48 days we have been in a tight range. At first the bottom was formed following which a breakout attempt was made which failed. It proceeded lowers for a liquidity tap by taking out all stops below the ...
$OMG has been riding this daily support level for a while now. Looks like a good place to start building a long position. Green box represents buy zone. Good R/R. Will update position accordingly.
Average Entry: ~.000500
Stop Loss: ~.00381
First Target Price: ~.0019
Final Target Price: ~.00129
Risk/Reward Ratio: ~5.6
GOT SUPPORT AT PREV. SUPPORT LEVEL OF 45111 SAT, WHICH IS AT FIB 100
OMG JUST OVER THE EDGE OF EMA 21 WHICH IS GOOD
OmiseGo News: Team Close To Completing Plasma Integration
OmiseGo is building a public, permissionless, peer-to-peer network that focuses on mobile wallets being used in Southeast Asia. As an ERC-20 token based on a decentralized ...
Small trade as it showing a hidden bull.
My guess is that it'll play the current trendlines.
From 0.000500 to 0.000540. (about 7.5%)
My stop-loss would be set around 0.000480 - 0.000490.
A positive side is that if on the way up, it breaks the trend, we can have a breakout for further gains.
As we continue our crusade of analyzing as many coins in the sphere as possible, we will look into $OMG #OmiseGo next.
In the picture above, we can see the price is hanging outside the bottom of the ZN Bands.
This would indicate that an impending bounce could be on the way.
Let’s check the moving fibs.
Moving Fibs ...
OMGBTC going down in the demand zone and doing the accumulation process for good moving up.
winter is coming
Analysis in the chart
We are in accumulation zone and wait for huge break up and reach 2 targets in the chart
Thank for reading and do not forget like it !
OmiseGO (OMGBTC) has finally hit December's low, the same pattern we've been seeing for most of the altcoins before they take off. A strong bounce after reaching a new low or reaching the lowest point before last year's bull run.
A bottom isn't confirmed until an asset breakouts and starts a new trend, but we have several indicators and early signals that can ...
traded around 0.0005BTC Support 0.00048BTC resistance at 0.00055BTC. Here, too, it appears that the trading has balanced and we have to wait for the market to confirm that we really touched the floor.
Gl, huge RR on this one.
You can see the Chart of OMGBTC on Daily Timeframe.
OMGBTC Following the falling wedge pattern right now
There is Last year Support Also at 0.000456 Satoshi
Right now We can see the 5 Resistance level and 1 Support Level.
1 Resistance level: 0.000575
2 Resistance level: 0.000694
3 Resistance level: 0.000780
4 Resistance level: 0.000846
5 Resistance level: ...
OMG Coin on the Support Levels Making Expanding Triangles OMG Can Gives More than 5x Profit in a long term period becoz this Coin Complete his Bottom and now doing retesting to Fly in The Sky.... !!
Buy Zone 0.000500 - 0.000525
Sell Zone - 0.003000
if You Bought This Coin For Long term then Dont use Stop loss.. !!
Let See What Will be Next Move , i hope ...
OmiseGO closed a green 2 candle on the daily chart which is a clear buy signal according to Tom Demark count. Stoch RSI has room to go up. I expect the price to move upwards up to 7 days.
Here is my trading idea:
Buy: 521 - 530
Sell targets: 536 - 550 - 567 - 607 - 666
Stop loss: 498
BLUE ARROW indicates expected Time and Targets
Follow me for more signals daily
Wedge break out
Rsi bullish divergence