Back in July 2020 BITFINEX:OMGUSD back-tested the 50 EMA on the weekly to attempt a recovery after a 98% pullback from its highest peak in 2018. Then it shot up 500%+ even breaching the key resistance levels. Now after the peak in November 2021 BITFINEX:OMGUSD also dropped 98% and just crossed and back-tested 50 EMA on the weekly at a similar price range as...
OMG Network with ticker OMGUSD nicely stabilized and the end of 2023, clearly within a five-wave bullish cycle that belongs to first leg (A)/(1) of a minimum three-wave (A)/(1) - (B)/(2) - (C)/(3) recovery.
Since the start of the 2024, we have seen slow, choppy and overlapped decline, which clearly looks like a correction, ideally W-X-Y complex one in wave...
Hey Crypto Fans! 👋
Guess what? While analyzing the charts, I've stumbled upon a fascinating divergence in OmiseGO (OMG) that's too good not to share! 📊👀
OmiseGO, known for its potential in the decentralized finance (DeFi) space, might just be showing us some intriguing moves. Divergences, as you might know, are like hidden messages in the market, hinting at...
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
really looking like s now. Next logical target 0.786/0.886 or even more precise: 3.618/4.236 b/c that was triggered on 2.618
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Hold my beer pls
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No financial advice, do your own research, don't be stupid
#OmiseGo will try the $2.5 levels at first. This is the ideal supply zone. Of course, there is a possibility of returning to the HKEX:1 levels, which is the main support, but my long-term roadmap for LSE:OMG is fib levels.
I could not take another hour of MIRUSD cycling on a fricken penny. Day after day after painful day. Worse than watching paint dry. It may pop to $ .6 but I could care less LOL. I am in this for the entertainment. Lets see if OMGUSD can provide a little more excitement. In with pocket change for a bullish move play.
Risk Reward Ratio 1:2 , take 1% risk from your capital. Once price move half profit then move the stop lose to its entry point. Don’t close the trade in-between . Don’t book partial profit , wait for the target to achieve
cryptocurrencies have been bullish lately and many rumors as usual circulating on the web, however on this chart we can see an impulse of 5 waves followed by an expanded flat which lands on 78.6% fibonacci ret , then have another impulse wave began on March 11, 2023, which confirms 5 wave up of something comming up.
it could be the start of a third wave as it...
So close to trigger 0.236 which would lead to 0.382 and a nice breakout of the downtrend
Invaliation clear break below (bear?) flag and failed breakout of downtrend
Hold my beer pls
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No financial advice, do your own research, don't be stupid
RSI signal on the Weekly suggesting a buy
This RSI point has been previously been seen as a point of strong volatility
RSI has already begun the rise, price will follow
$OMG has had one of the worst drawdowns in altcoins since November. I lean towards a strong bounce to make up for the quick move down.
Over the next weeks/month(s), I think OMG should bounce back to retest resistance up in the $11.72-12.60 range.
I've marked out key dates for changes in price action. Entry at $3.79.
Let's see how it plays out.
0.5 acts as a very strong support for price, previously in quite a small period of time the price has touched this level (0.5) and successfully rebounded
It looks like the third touch is coming
The MACD is in a kind of megaphone state, the next upward tick of the indicator will be a larger one based on this structure
