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$
Out of all the alts I've charted, OMG is the MOST bullish setup atm. Buy volume is increasing steadily.
Going to keep adding on all pullbacks.
Any touch of the trend line is a good entry.
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.
Add $OMG!!
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
OMG is testing a long term downtrend, if we can break above this it would signal a reversal. There is also a Bullish Divergence on the RSI which is signaling it wants to move up.
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
MACD/RSI neutral
VOL ATR indicator - short, but 1.12 price appears to be on the lower half of range
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