OMG USD - Nice Cup and Handle forming on the dailyHad a nice pull back to the 50% fib and settled, now forming a nice cup and handle. looking to Rocket over the next week.
OMGUSD
OMGUSD Technical AnalysisFrom the last bar we can see that it is trying to break through the resistance level.
Vitalik Buterin Tried to stir up the pot by tweeting that OMG was his favorite trading currency, this caused a little pump as we can see in the last bar.
He is trying to break the resistance, however it might not happen.
At the moment OMG is caught up in diagonal resistance, followed by a resistance level and a wedge!
I don't see the breakout potential at the moment, but possibly later on in the wedge.
However i have made all the possibilities that could happen in my opinion.
I don't suggest going into the trade at the moment, seeing as it is consolidating and we don't know for sure it is going to rally and break through resistance.
The leverage on this crypto is 1:1, which you usually try to look for 2:1.
Here is my source: twitter.com
OMG: Expanding TriangleSpotted a possible expanding triangle on BITTREX:OMGBTC . Its a tough one to call but looks like it may be promising.
Classic Cryptos still in uptrend channel (USD)Cryptos still in uptrend channel which was excellent buy point.
If BTC moves to 20000-25000, We may see a down break from this up-trend.
Otherwise, they will keep going on their channel and some of them will have a massive breakout to make new highs in a month or two.
Charts speaks for itself
Comments are welcome :)
Omisego Daytrading Buy OpportunityFalling wedge
Break resistance trend line will give us a buy opportunity
$OMG #OMG channel still running!I picked up some more here. Great swing trade!! #OmiseGo #btc #bch #eth #ETP #ADA
OMG - Elliot Wave countI believe that we have complete the 5 waves and that we should expect a correction at this stage, then the upwards movement should resume. The wave A should finish with a bounce from MA100 and wave C should finish at the support level of $7.25
As always, I'm fairly new at this, any feedback is really appreciated.
Good trading to all.
OMGUSD in good buy areaOMG just closed down on support. Here should be enaugh buying power before me move back up again. Once we get over resistance, this coin should see new hights.
OMGUSD AB=CD Pattern?My crystal ball gave me this reading this afternoon ;)
In all seriousness tho, please don't trade off my doodles. Only one of untold possible scenarios.
I'm keeping a close eye on BTC for some overdue corrective price action which could have a negative effect all the alt markets.
Inverse head and shouldersA 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 of the red long term trend line will confirm downward symmetrical triangle pattern continuation instead.
OMGUSD: Bullish cycle confirmed!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 December!
OmiseGo ConsolidationThis 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 busted and visiting the edge of the major classical support at $5.33. Depending on how price action goes, we may see max consolidation at $4. Be advised, trading below max consolidation could take this market down below $2 before it starts pushing upwards.
Alternatively, if we break the descending channel, we'll want to get long!
OMG LONG - IF..THENAfter 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 move to the downside. That's why I'll be waiting for a break and minor retest, as I'm not interested in taking any shorts.
The projected target area is $16-$16.50
Omisego Breakout??
OMGUSDT chart is showing an ascending triangle and Also it formed a double top pattern. If the resistance at $9.87 breaks, the price will go up very fast. The pending buy order should be set at above $9.9 and the stop loss should be set at $9.2. Since there is another resistance price at $10.52, the first target should be placed there, and the second target will be $11.47.
Buy order: $9.9
Stop Loss: $9.2
First Target: $10.52
Second Target: $11.47
Good Luck!
This is not a financial advice, and please trade at your own risk.
If you like this analysis please hit like so I can publish more analysis in the future,
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Bitcoin: 17g6gkFRH6AdtziZa5pLsPdbEzJpBCwnZ4
Ethereium: 0x3c0eb2314aa9f50f301550797978eb147c95aeb3
Lightcoin:LTvzJzBY3K3uzLBfr6zs2a2UfjW5KmeDSK
OMG/BTC Long Entry Looks like OMG is finding support and has been in consolidation for quite some time.
There has been some accumulations of large amounts of OMG as shown in the volume.
Entry at .00081-.00076
Stop Loss: Pay attention to the last support levels at .00065 and .00060, I am doubting we will reach this point.
Some very big potential gains here for OMG, any news will shoot this crypto up!
This idea is based solely on technical analysis.
Happy Trading!
OmiseGO - New targetsOmiseGO 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 moment we are facing resistance of daily MA50 - MA100.
We could retest historical uptrend and 4hr MA100
Breaking above daily MA100 we could see these targets:
1st target: 11.40
2nd target: 18.78 (1.618 fib extension )
Omisego: Sign of upsideThere is an inverted head and shoulder that broke the neckline. It was also impulsive as well, indicating another wave continuation to the upside. What are your thoughts?
Trade with care.
