- We need to pass through the arc and get above the strong resistance around 0.00215. If we stay above the blue 1x1 things will go well - If the price can't break through we'll go back down and test the arc again -
OMG ended up deviating slight lower from original projection than anticipated. This has yet to present any real problem. The priceline is still continuing to follow the pattern once adjusted for its slight deviation, with the timeline remaining the same, just with a slightly lower entry point, great for new buyers. OMG is showing great stability and text book...
Wait for a break out before buying. If it breaks down, then we will look for a decline to the 61.8 fibs level along with a double bottom to buy. If price breaks up, we will buy it up to the 1.414 fibs extension level and monitor if it will continue climbing. Trade with care.
Keep an eye on OMG/BTC this week to see which way it breaks the pennant for a nice trade.
Omisego is in a bullish situation , perfect for a long trade. Accumulation is pretty flagrant. Any positive news can push Omisego into strato .
A week after our last analysis, OMGBTC pair, is still in range and overbought, however, rising triangle still formed, with possible entry levels on the chart. A break bellow triangle should trigger Stop-loss and could lead to next resisatance zone near 0.00129 IMO, it is more likely a break bellow support rather than a break over resistance because of RSI...
Buy-in: 8.35$ Stop loss: 6.58$ Target: 14.65$
OmiseGO _ OMG/BTC - Decision Time! SHOULD NOT BREAK THE TRIANGLE!
A clear symmetrical triangle pattern has formed on 1-4hr charts RSI is low as well as a change in trend with ADX closing into 25 threshold. MACD has potential for a bullish run. Either way it is hard to tell but any break of both triangle lines will lead to sharp changes in price
If it breaks, I'll have to check and buy the dip, if it doesn't then I'll have to check and sell the tip.
Looks like we have a solid chance to breakout forming out of this consolidation. Hopefully some of that BTC money flows into the alts so these coins can profit nicely in the near future. Buy below the green line. Sell below the lower red. -BK
OMG follows a Symmetrical Triangle Pattern from what I have have come to see, so I have put price predictions, target and stop losses. Let's hope to see it go past the target!
Reaching main trend line, OmiseGO ready to go UP. Reaching main trend line, OmiseGO ready to go UP.