OmiseGo Bullish MarketOmiseGo token price is moving above the 20-Day EMA line. OMG is in uptrend since beginning of mid-December, and has crossed above the 100-Day EMA. The token had formed an inverted head and shoulders, leading to the bullish trend. The RSI is still not in the overbought zone and above 50, indicating that the token has still momentum left in it to touch the resistance level at 0.0021. While MACD is below the zero centerline, it has started moving upwards.
OMGBTC
Clarify the direction of the OMG currencyASLAM ALYKOOM
Prices moved in a rising channel beginning December 8, 2017
Up and down, and support and resistance levels were formed within the ascending channel
Even if we note that the volume of trading is decreasing continuously
Prices continue to deny the rising channel
There are two possibilities
First: the increase in trading volume, which once again drives prices to new levels
Up to 0.00238000 BTC
Second: falling prices and break the rising channel
You will encounter a support level between 0.00118500 BTC and 0.00126000 BTC
If the support area is breached, prices will lead to a new support zone between
0.00090600 BTC and 0.00092100 BTC
OMG/BTC - 2/16/2018As the price of OmiseGO has begun to steadily increase, a major point to consider is the retracement of the price. Due to this, I have applied a few fibonacci retracement levels that seem to be very relevant at this current price point. Recently bouncing off the 38.2% fib retracement level, OMG is now testing old resistance levels to see if this bullish push is able to continue. In terms of this resistance level, if the current candlestick and (preferrebly) the next close above this resistance level, this would be considered a solid entry point. Even more so if the price is able to surpass its previous high at 0.001844. If the price were to reach this level and reverse due to forming a double top pattern, the bearish targets would be around the 50% fib retracement level, where the most recent push started. This is not marked on the chart due to the slim chance that this will happen. I'm making the assumption that this level will be breached but very gradually due to the great decrease in recent volume. If the price doesn't continue to increase immediately after breaking the mentioned resistance level, the price may reverse and encounter strong support levels at the Leading span A of the ichimoku cloud, the 3/1 Gann fan line and the 61.8% level of the longer term fib retracement. This area is where I expect the most support to lie and be the reason for a bullish reversal that will lead the price to its next (higher) high price.
Important Resistance Levels: 0.001992, 0.001802, 0.001629
Important Support Levels: 0.001409, 0.001122
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst
OMG - new possible gainOMG seems to be in a consolidation phase.
Daily MACD seems to have an ascending path, it broke the cloud on multiple timeframes and may test it again.
GMMA squezed on 12h.
Will look to buy on top of 1h and 1d cloud and will sell some into the old resistance area and few at key fibonacci points(2.272-2.618).
OMG Gains Looking Highly Likely - OMGBTC fib ratio tight Generally: This is a limited scope fib retracement, supporting the trend-based extension. I will regularly plot these for 6 or more pairs over the next 12 months in order to complete an backward looking analysis on a series on tools (TA and others), used by many in trading/investing in crypto. Now, on to a description of the current 1 day chart and some commentary.
Fib retracements plotted on various low/high wicks between two date ranges:
7-14-2017 to 9-12-2017 and
12-8-2017 to 1-13-2018
The dotted white lines indicate confluence within each range. In two instances (see notes on left side), there was significant/tight confluence between the distinct ranges.
Shown here, a Fib extension based on the retrace from 7-14-17 to 9-12-17.
My take: deep regret I didn't plot the extension in mid-September and enter limit orders accordingly. Congrats to those who did, as I am confident there's a lot more upside in 2018.
If you take a moment to place a Fib extension based on the 12-7-17 // 1-12-18 date range, you will see an overlap at Fib 50% or OMGBTC 0.002. You'll notice some other interesting patterns and consistencies as well.
This is an instance whereby one could have blindly traded using this very basic tool and actually made considerable gains. If only we could identify the assets that play by the rules. If anyone has figured that out, lemme know ASAP. ;-|
No advise here, other than to look elsewhere for advise. Thoughts and criticisms, however, are welcome.
OmiseGO (OMG) - INTERPRETATION
BINANCE:OMGBTC is a strong project that continues to show profitable returns. Investors continue to have faith in the project as can be seen by the price gains with every announcement. The next bull run may be 3rd Impulse Wave w/the target to be at least 0.001720 BTC.
*Note: Waves 4 & 5 will be determined once Waves 1-3 has been confirmed with higher confidence.
BUY SIGNALS
-T&K bull cross
-Price-T&K bull cross
-Price-Cloud bull entry & breakout
-Green cloud (buy pressure)
-Fibonacci 0.786 resistance up-cross
CAUTIONS/CONSIDERATIONS
-consider retest of the 0.786 Fib
-RSI at overbought value
-decreasing buy volume
POSITION
entry @ 15900 (target 17200)
OmiseGO, professionals at work.Important part of the ETH ecosystem, and Ethereum is doing very good lately.
I'm not that interested in ETH, so let's rather have a look at OmiseGO :)
Fundamental
So.. I've had OMG since I started the spreadsheet method.
It's in profit, but should have performed better considering the overall increases.
I'm holding on, and feel this is a very nice time for buying as well.
"Unbank the Banked with Ethereum" reads their webpage.
They are out to disrupt , and I can get behind that.
OmiseGO is founded in 2013! They are making progress and expanding rapidly.
"The secret behind the building of Omise’s success is our focus on understanding and addressing real business needs in an easy, integrated and secure manner.
Leveraging our in-house expertise in the payment market and experience in implementation and commercialization of financial products, we believe OmiseGO has the potential to be a global standard for exchange and payments."
- @Apompliano | The most intelligent engineers I know are all incredibly excited about OmiseGo (OMG). It is the...
OmiseGO does not hold the spotlight, but it has the potential to do so in the future.
Technical
My target is up at 62 USD , where you can see we have two fibs perfectly lined up.
We got a trendline, aswell as a channel. And we got a pitchfork to look for support/resistance :)
Bibox | Blog Post
Yesterday me and Koinworld got into Bibox, and it's returning good results already! ( Up 33%)
Long rising run for OMGOh my god... OMG is playing on my nerves again =) Maybe now it has a chance to rise if it gets through 0.00167 to the main 0.00180 resistance zone (which stays on the same level with fibbonachi 0.5) and I expect OMG to be testing it once again very soon (keep in mind I'm looking at 1 day TF). Meanwhile on a smaller TF it is still struggling with 0.00160 and doing not very good (still droping lower). Hope it will bounce from 0.00152 as otherwise all said above has no future. For those looking for opportunity to jump in I would recommend to wait at least till it crosses 0.00182. That would be much safer.
OMG/BTC 300% MOON SHOTOMG is a coin that respect both FIBs and Levels A LOT. For that reason it is a safe bet for me.
Purple lines and FIBs all match up on levels that it bounced off of during the downtrend which was confirmed to be done when OMG went from 0.0005 to above 0.0011. This market is VERY bullish despite BTC dropping like a mad man.
Expect OMG to go up BUT be aware of BTC which is still bearish and as we all know if BTC decide to drop it will kill every alt coins current potential for growth for the moment.
Follow me on telegram if you want to be updated on this trade and like this chart if you agree!
OMGBTC - breakout from the downward channelIt did break out from the downward channel...a good for Omisogo for a falling wedge bullish signal.
Exchanges got hacked again?! people are rushing to DEXNice risk reward trade technically, but this time I am going to throw you some backgrounds behind first.
Ever since 2013 the infamous hack, people are starting to realize that centralized exchanges are huge risk both for us and the whole cryptocurrency market.
We then experienced hack but fortunately that didn't drive them out of business, instead, they issued tokens and relieved.
And, here we are, as Forbes reported 'Crypto-Heist': Coincheck Hack Could Be The World's Biggest Ever Cryptocurrency Theft
bit.ly
534million worth of NEM 0.41% gone in a matter of seconds.
Just earlier today, 10 Jan 2018, We have ANOTHER!!!!!
The wall street journal reports, Cryptocurrency Worth $170 Million Missing From Italian Exchange
on.wsj.com
170million worth of NANO 3.91% this time.
ALL OF THE ABOVE will force people to look for DEX( decentralized exchanges), such as
#ico-neonexchange- * $OMG * $KNC * $BTS * BNT -1.79%
I'm going to allocate 30% of my portfolio into this space.
***Disclaimer***
This is just a personal opinion, NOT financial advice.
OMG is coming back strong TO THE MOON !!!!OMG is coming back strong, to the Moon.
Omg just bounced from the support line it is starting to be bullish again.
He goes up and goes up even higher than the first time!
Now, it's a good time to buy, if you do not have OMG in your wallet yet
OMG is on Binance, Poloneix, BitFinex, Bittrex and other exchanges.
Buy: 0.00142- 0.0018
Targets
1 - 0.0022 (short)
2. 0.0028
3. 0.0033
OMG is a good trade
I like OMG and you?
Together we will be better and rich
Follow me ;)
Add me on telegram: web.telegram.org
OMG TRAPPED!Breakdown occurring soon, won't suggest to bet too much on, the new direction isn't so clear to me! What's your toughts?
OMG needs a little retraceSupport became resistance. Waiting for a higher high or drop to buy zone before I'm going back in.