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OMG

Bullish pattern holding - next resistance levels to watch for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
OLong
by CryptoRush_
OMG in Review Good Morning to Those Who Sleep in Late Just a quick review of OMG on this Canadian Thanksgiving weekend. So it looks like we can casually see that OMG has been on a gradual upwards movement each 90 days showing a nice 30% price increase during these periods and the angle of assent has been a somewhat reserved 22%. I believe we can see OMG continuing this pattern until the end of this month and then we can continue chart to year end. The only thing we had to deal with was that rapid spike in price in Sept ( for no reason that I know of, although I haven't researched it) A spike like that is an anomaly and I don't take them into account when I am looking at a chart, because as you can see, they come back down just as fast as they went up. Straight up and then straight down is a "wash" in my books, so I ignored it and continued on after it came down to earth. Some traders like this type of action, as they can short the asset at the peak of the spike and buy back at the bottom, but all it does for me is to screw up my perception of an asset that is moving in a nice predictable upwards fashion. I think or hope OMG will continue to trade in a sideways pattern and we will write a nice 45% profit for this 3 month period. Hopefully we will see yet another upwards movement and this will add to our data to help confirm this upwards "step pattern" we have seen in the past. So in any event, if you have been holding OMG during this period you are "in the money" as they say. Above and beyond my two stable positions with BTC and ETH I hold a few positions in the more crazy market of ALT coins, that are in some way involved in addressing the ETH 2.0 problems. I happen to like LINK for this reason. In closing, I'm looking forward to reading more of your posts and I will be sure to include a reference to them in my future postings....good or bad. Have a pleasant day and it would be interesting to know where you are located in the world when you post because I enjoy many of the different perspectives from various cultures around the world. Ward Weaire Toronto, Canada Oct 12, 2020 6:52 AM
KRAKEN:OMGUSDLong
by WMWToronto
10
Omisego - Short Term Sell Stop.OmiseGO - Short Term - We look to Sell a break of 3.488 (stop at 3.652) Posted a bearish Flag formation. A break of 3.500 is needed to confirm the outlook. A break of yesterdays low would confirm bearish momentum. The bias is to break to the downside. We look to sell rallies. Expect trading to remain mixed and volatile. Our profit targets will be 3.028 and 2.961 Resistance: 3.650 / 3.820 / 4.000 Support: 3.500 / 3.250 / 3.000 Signal Centre
OShort
by Signal_Centre1
2
OMGUSD Wave 1 of Third Wave Primary Count + Invalidation LevelBINANCE:OMGUSD I am considering the March-August Rally as completion of Primary Wave 1, followed by a 74.71% Retracement ABC Correction to $2.4852 precisely, reaching just shy of the 78.6% Fibonacci Level. Considering OMG Rallied from $0.2972 up to $9.86, we have experienced a healthy correction. If in fact you only measure the retracement from March low to only using the real body close of rally with H4 chart($7.52) then we can measure a 67% retracement. However, I favor the wicking-off of the measurement(74.71%). In any case, a healthy correction...moving on; I feel that Wave Three has begun, and we are putting in the sub-division 4th-of-the-1st for Primary Wave 3, it is imperative that we do not retrace to the 61.8% Fibonacci Level. If OMG reaches the 61.8% Fib. Level($3.2317) it will then overlap the 1st Wave Sub-Division($3.28), and technically invalidate the Wave Count by just a marginal amount, but for purists, this is set in stone! At that point, we should consider the count arbitrary, and not purist by a fraction of $.05cents. Very Technical Argument! Also, the 50% Fib lines up neatly with the local trendline offering a confluence of local support! Perhaps the 61.8% is slightly front-run, to complete the local correction before resuming the upward momentum? I will continue to update OMG as it plays out! Previously, I had published an OMG chart that was flagged for removal, as it violated terms and conditions. I was ignorant of my promoting an off-site platform. In that publication I had noted that should OMG be in the count I think we are in, and with a Primary Wave Extension, I measure a standard 3 Wave Extension of 161.8%, using coordinates of March Low/August Swing High/September Pivot Low... The 161.8% Extension Target for Primary Wave 3 is..........wait for it; $17.90 Sorry if the linked idea is unavailable!
OLong
by TheFreeCryptoPress
10
Watch the reaction to this IMPORTANT support The current situation: 1. A descending triangle pattern is now more apparent with 53% chance of breaking upwards and the measured target is about 4.45 USD from the apex. But still, note that there is still a head and shoulders formation within the triangle, which is a predominantly bearish pattern. So far, the Fib level (gold line), 4 and 6HR 200MA have been acting as support but it was not strong enough to propel a break out to a new high. The 4HR 21MA is now approaching to the price action so in my opinion, the reaction to this moving average hitting the price action is very important since staying above the 21MA on a given timeframe is a bullish sign. The 4HR 21MA has also not been touched since the breakout back at 3.1 USD. 2. Do look out for possible bearish divergence from the last high created on the RSI, especially on the 1, 4 and 6HR harts as their last highs did create an overbought reading on the RSI. The bullish case: price action bounces off the 21MA and breaks the triangle. An hourly close above 4.25USD would convincingly invalidate the head and shoulders pattern to me. The bearish case: a close below the 21MA on the 4HR chart as the next level of support would be the downward-sloping 4HR 200MA currently at 3.75USD *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
O
by CryptoRush_
7
OMGBTC is moving up after completion of bullish reversal moveHey friends hope you are well and welcome the new update on OMG token. The price action has broken out the down channel. The volume profile was already showing low interest of traders in channel. The POC of volume profile is at 0.00055 btc. Sofar the volume indicators is showing buying volume with continuity. During dump, the priceline broke down 25 and 50 SMAs and now getting bounced from 100 SMA. The next resistance is at 0.00056 btc. This resistance is almost at the same level where we have the POC of volume profile. The price action has formed a Gartley move on daily chart. This move I have already shown in my previous article as well. Now priceline is moving up. The targets as per bullish Gartley can be as below: Sell between: 0.00074126 to 0.00124667 btc On long term 2 weeks chart the priceline has also formed a bullish Shark on monthly chart. The targets as per bullish Shark can be as below: Sell between: 0.001079 to 0.001977 Conclusion: Even though the priceline is turning bullish from the PRZ level of the bullish Gartley on the daily chart. However, we should use the potential reversal zone of this pattern as stop loss. Because if the priceline will break down the this level then price action can move more down to complete bullish Butterfly move.
OLong
by moon333
3
2 Buy opportunity in OMGBTC , Mid-Term & Short-Term Mid-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 0.0004110 TP2= @ 0.0004990 TP3= @ 0.0006830 TP4= @ 0.0008870 TP5= @ 0.0011380 TP6= @ 0.0013875 TP7= @ 0.0017400 TP8= @ 0.0023195 SL= Break below 0.000243 ----------------------------------------------------------------------------------------------------------- Short-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.0004110 TP2= @ 0.0004450 TP3= @ 0.0004950 TP4= @ 0.0005630 TP5= @ 0.0006830 SL= Break below 0.000243 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
OLong
by ForecastCity
10
2 Buy opportunity in OMGBTC , Mid-Term & Short-Term Mid-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 0.0004110 TP2= @ 0.0004990 TP3= @ 0.0006830 TP4= @ 0.0008870 TP5= @ 0.0011380 TP6= @ 0.0013875 TP7= @ 0.0017400 TP8= @ 0.0023195 SL= Break below 0.000243 ----------------------------------------------------------------------------------------------------------- Short-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . OMGBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.0004110 TP2= @ 0.0004450 TP3= @ 0.0004950 TP4= @ 0.0005630 TP5= @ 0.0006830 SL= Break below 0.000243 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
OLong
by ForecastCity
19