OmiseGo showing some strength during the past week. It has managed to break above the downtrend trendline and on a corrective wave down it rejected it. Same happened with the RSI Oscillator breaking the trendline and then rejecting it. Overall there are signs of emerging uptrend with the first target being near the previous resistance, the all-time high, which is...
OMG just broke out of morning star reversal on the hourly which should take it out of double pattern. Almost 7.5:1
If it breaks and holds above $8.77 then expect a nice spike.
Although the correlation is a bit loose, the pattern and price action of OMG seem to resemble an ascending triangle that was broken by the recent spike over about $8.00. The CEO of Omise and lead of OmiseGO will be holding an open house on November 30th where it is rumored the SDK may be released. If not then, significant developments are expected Q1 of 2018. What...
Omg is ready to break out for new highs
OMG is based on the "Be your own bank" approach. It is engineered to use eWallets. It is based on the Ethereum. It will activate its own blockchain in the fourth quarter of 2017. OMG is a decentralized payment network that combines Fiat and cryptos. User do not need a bank account to use OMG. After a strong start, the consolidation could be completed and an...
As you can see the coin is coming out from a triangle of long period, rising price is expected with ambitious price. The movement is in the firt stage, you can buy with low risk.
The downward pressure has pushed OMG to its 61.8% fibonacci level, creating a buy opportunity. Now we should see it rise to its 80%, 100% or 160%. However, an upward flag pattern appears, which could mean we have one more opportunity at the previous low, before bouncing upwards again. If the pattern breaks previous resistance, this creates new buying...
Already a strong breakout on this nice falling wedge :)
broked the resistance @ 8.7099 1st target @ 18.869 2nd target @ 27.141
Just an idea to watch a potential channel for OMG. (Waves 3-5 are random estimates)
Looks like Fibonacci applied to the longer term chart shows this bull isn't quite done, especially if it can break through that $8.65 mark that has been hit almost 3 times. Mid-$9 by the end of the year likely and news of Q4 releases could push that even further up. According to official communications from their team regarding their roadmap, perhaps some FOMO...
RSI confirms reversal in the price movement. The price has been bouncing off from the support level around 7.5 and ma50 which is giving confirmation for further upward movement. Buy orders should be set above 8.5 level. As RSI has climbed this high it's possibility for retrace is high. Might be that retrace is small in term of the price but I recommend to be extra...
I will post a lot of these, just to see me improve as i get better.
The pattern is complete when the price breaks out of the triangle - look for an increase in volume in the direction of the breakout. 1st Target 13.6$ before the end of the year 2017 then correction to 9$ level after the correction 2nd Target 18 $
The price bounced from the reversal zone which was formed by the uptrend line and 7.40 support level. Passing through the cloud of Ichimoku indicator gives us a buy signal. DMI supports upward movement and allows trading. Pending orders for buy should be placed at 8.15 level with stop at 7.30 level. Profit targets are 9.25 and 11.00 levels.