More downside seems likely here as the weekly 50 ema is around $7.60. Then we can start to recover, this was brutal, we bought at $3.60 in my group & sold at $16. Kept initial investment in the coin for the next leg up. GL guys.
OMG dumped more than 50%, this could be the bounce ive been anticipating, love to see this level hold and a move to the upside from here. I did long this want to catch 100% pump, i think the bottom is near if not in already. Join me at your own risk.
OMGUSD is at an interesting junction as it passes through 2.618
Price tends towards volatility as it passes through these Fib levels within the circles
I favour price to continue upwards, however there is a chance that price falls as it aligns vertically with the circle
It is also supported currently by a rising support which gives me hope
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I ran through the TOP-100 coins. In my opinion, one of the undervalued coins of the OMG Network (#OMG). Technologically, this project can be equated with Polygon (MATIC), they both use Plasma technology (this is an analog of the Lightning Network, but for ETH). Their capitalization differs by almost 8 times, although USDT was minted at OMG last summer, and they...
OMG Network (OmiseGo) trade idea.
IMO if this closes this weekly candle over 20$, it will go pretty fast to next resistance on ATH level (28$).
The RS against BTC looks great and I would just wait for a breakout with high volume spike.
So, just patience...
NOT FINANCIAL ADVISE.
This is a follow up to the trade below:
The range and resistance staying the same. Newly OMG formed triangle📐and now seems to be breaking up. Also breaking the range upper edge. Just bought @ 14.5.
ENTRY : local high @ 14.5
SL : local low @ 13.63
TARGET : height of the triangle projected...
OMG did pop up, but it's being converted to BOBA. On 11/12/2021, the snapshot for the BOBA airdrop will begin. If you're still holding, bridge it to the BOBA network or move it to a participating exchange. Information about the airdrop is avilable at boba.network
Man, this is an interesting one. OMG could be playing out to have a huge pump! This is one of those second-chance opportunities that we all look for. I will be buying if it hits $10 and if it hits $8. I'm praying that it hits $8 at this point.. For you holder out there, please stay strong. OMG, like most crypto is due for a massive pump!
If you are at the top of that DOUBLE TOP... Be ready for DCA and start being more strategic with your moves in the market. Hopefully, OMG is not setting an example for where the market is going to be heading. I know, overall, we have been trading very well for the past few weeks, and some of us are getting cocky. If you have been trading Crypto for a while, you...