After holding crucial support zone just below 5 USD, it looks that OMG have a double bottom bullish formation, which could draw a steady long up to the previous resistance zones as BTC seems changing it's momentum.
SL - 4.9 USD
Try at your own risk.
Trade carefully with SL.
The middle band of the Gaussian Channel indicator can be seen as a point of prior support
This will likely continue and we will see a reversal at this middle band.
Buy the Dip
After a kind of leading diagonal for a wave 1 with high amplitudes causing maximum pain, we are about to finish another painful wave 2 of 3 and go for the real show thereafter
Hold my beer...
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.
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
OMGPERP. Price action has been in a strong uptrend over the past weeks for OMG. Volume being traded has increased. Resistance has previously been rejected twice. Possible scenario, OMG bounces off trendline and break through resistance if given enough volume. Price will reclaim previous ATH & go into price discovery.
OMGUSD (OmiseGO)
14.41 EMA 20 Close Price
14.37 Fibonacci Level 61.8% (Price)
14.30 EMA 10 Close Price
14.28 Close Price
14.18 Previous Day Close Price
OMGUSD - Intraday - We look to Sell a break of 13.698 (stop at 14.211)
Short term bias has turned negative.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Prices have reacted from 18.20.
We look for losses to be extended today.
The previous swing low is located at 13.75.
50 4 hour EMA is at 14.10.
Our...
