We are in an uptrend with BITFINEX:OMGUSD and BITFINEX:OMGBTC If we can stay in the uptrend wich is now touched we may see further upside. First target is the end of the red arrow. After we maken a higher low way may continu to the important zone of $3.
I have longed OMGUSD for a long time and taking profit at this stage. Looking to short again in the coming push up possibly also create divergence.
PRE-ENTRY OMGUSD SHORT
ENTRY - 2.12$
TARGET - 1.5$
STOP - 2.35$
BITFINEX:OMGUSD price crossed above the resistance level set at $1.80 and is looking to set a new support level at $1.9582. Price breaks out of Bullish pennant triangle signaling an upcoming bullish run in coming weeks.
OmiseGo finally took off, a bit behind its peers.
Two strong waves up, but might close to a retrace.
Three Red zones to watch as price approaches them.
This is an update to my longer term bullish outlook, after looking for a 1.1-1.2 bounce per this plan
OMG shot upwards with rest of crypto market.
It was a most bullish Alts, reaching 13.764 fib.
It of course unwound most of the vertical leg.
$1.284 is critical support as was recently proven.
Break below should see acceleration to next zone.
$1.20x is bull's last stand, next support is 1.125-1.120.
The making of this chart:
Staring with small time frame view...
a lot of acculumulation over the past two months we could still retest these levels but breakout is also likely and reward is good so I wouldn't hold back too much here could see a few days of upside on these two if they run
The alpha release of OmiseGO’s (OMG) Plasma MoreVP (More Viable Plasma), a second-layer scaling solution, has officially launched on the public Ethereum (ETH) network, sending the altcoin up over 8% Saturday.
OMG - OMG/USD - Omisego Update - Daily - Neutral
Range set after catching support at ~ $1 (1.08)
Top of range 1.53
VOL ATR indicator - short, but 1.12 price appears to be on the lower half of range