A small time frame inverse head and shoulders neckline has been breached. The Neckline target will in turn breach the neckline of a larger time frame inverse head and shoulders with a neckline target of $11.7 A close above $8.61 on the daily chart will make a new higher high and confirm a change to an uptrend. Failure to breach neckline resistance and a breach...
Yesterday OmiseGo finally closed behind the price level of 10 USD and thanks to it, it escaped the long term downtrend triangle. It seems, that OmiseGO has quite long trading cycles and right now we are on the whole beginning of another uptrend channel. If OMG stays in the same bullish mood, as it was in august, we could easily hit 20-25 USD/OMG until the end of...
On a larger timeframe OMG is in a channel On the 15min TF it broke resistance with good volume earlier today, found resitance on the 10$ mark and retested previous resistance that became support Volume is declining and it's consolidating at the moment IF 10$ resistance break we got a buy opportunity TP should be 10.5$
We could be on the verge of an OMG breakout, w/ room to move 20-30%
Price is continuing to consolidate in the upper range. I see a very clear cup forming. I've drawn in one potential scenario for future price movement . If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
This market was struggling to perform compared to other instruments over the last few months. In August OmiseGo was on fire. We tagged the major fibo resistance (a shorting level where longer term market participants decide to stay or leave the market) and collapsed. This is a sign of weakness, even tho we formed a bullish wick. I can see the uptrend line getting...
After having seen a huge spike to the downside on many crypto pairs, chances are high that the month of December will present us plenty of decent buy opportunities. Having a look at OMG, my area of interest is $10. If we see a clear break and close above the point of validation, the continuation would be confirmed. BUT there is also the possibility of a further...
RISK-ON MENTALITY: In general, the alt-coins are seeing outsized gains and performing strong. I use alt-coin performance as a gauge of risk appetite, just like I would analyze small companies in the stock market to see if investors and speculators have a risk-on or risk-off bias. When Bitcoin is performing well, but alt-coins are performing even better, then that...
I'm thinking longer term (end of 2018) we'll be seeing high 10's if not a break out higher than that. I'm taking some profits from this recent run up and going to place a buy order around $8.50.
New #OMG $OMG channel has formed and should present great swing trading buy and sell opportunities until it breaks out one way or the other. #omisego
OmiseGO has been correcting and bottomed at 61.8 fib level and finding support at historical uptrend as my previous analysis have been forecasting: Reversal signals: - Daily MACD has crossed, crossing the 0 line will be a confirmation - Price has break 4hr - MA100 and keeping above. - Price is bouncing from historical uptrend and acting as huge support. At the...
when it breaks upper line put on ur hats
OMGUSD closed down on trendline which looks like a good support zone. As long as we are above it, any dips are good buying opportunities. Place stop loss under trendline. Daily and weekly charts are in nice bullish trend. On shorter time frame there is still some selling pressure, RSI is just above 50, MACD is getting in positive territory.
look chart OMG "sits" on fibb level 61,8% MACD turning from negative to positive but still below zero! RSI at 48 (under 50 is negative) will the price drop to lower levels and touching decision lines? or will it rise clearly above the fibb level? just wait and watch! I recommend to wait at least one 4h-bar for confirming! One hasn´t to be the first on the...
This is the kinda crap that gives crypto exchanges a bad name. Basically, I suspect, that everyone who had a leveraged long position on OMG would have been liquidated or maybe stopped out IF their orders were filled but I doubt an event of this magnitude will fill stop orders... Luckily I was not one of them. What does the community think of this? This smacks of...
Cuz that is how the trend is moving right now. if it breaks the line it will go much higher.