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OMGUSDT trade ideas

✳️OmiseGO/USDT Analysis (22/12) #OMG $OMGOMG has just tested MA200 line and it shows quite good buying power as it is the confluence zone of many supports. OMG is likely to turn up again and initiate a strong uptrend to the 3.75$, 5.25$, and even 7.5$ zones in January 2021. However, if OMG loses this support, it will fall quickly to 2$ or even 1.5$ 📈BUY -Buy: 2.85-3$.SL B 📉SELL -Sell: 3.6-3.8$. SL A -Sell: 5.15-5.4$. SL A -Sell: 7.5-7.75$. SL A ♻️BACK-UP -Sell: 2.85-3$ if B. SL A -Buy: 2-2.1$ if A. SL B -Sell: 2-2.1$ if B. SL A -Buy: 1.5-1.6$ if A. SL B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
OLong
by CryptoStation
8
OMG - Head and Shoulders Short - 85.71% Potential GainHello Future Millionaires! Man, what an interesting time to be alive! Bitcoin is now coming back down to the bottom side of the short-term range it was in. If BTC breaks down from this range, then there is a very high likelihood OMG will follow! Currently, low to medium time frame stochastics are showing strong bearish momentum. Short term RSI is below the exponential and in the bearish control zone, whilst medium-term RSI is looking like it wants to break down into the bearish control zone. We have a very nice confluence of EMAs, Fibonacci, head & shoulders pattern, and horizontal support all holding up the right shoulder of this pattern. The target has very nice confluence with the measured move for the head and shoulders breakdown, the 0.618 Fibonacci, and the daily 377 EMA. We have strong support at the 0.5 Fibonacci as well, so I'll be keeping a close eye on that area! Best of luck on all your trades! Let's get this crypto!!! --- Guide to My Charts -The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone! -Yellow lines are typically used to chart out pattern formations and trend lines! -The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA). -Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white. -The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed. --- Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community! --- Entry: 3.5000 Entry Zone: 3.72 - 3.28 T1: 3.23 T2: 3.06 T3: 2.75 T4: 2.62 T5: 2.5000 Stop: 3.8399 -- R:R: 2.94 Risk: 9.71% Reward: 28.57% Leverage: 3X Leveraged Risk: 29.13% Leveraged Reward: 85.71% Risk Assessment: MEDIUM --- Disclaimer: This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas. These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
OShort
by CryptoGuru369
6
OmiseGo - Buy a break setup.OmiseGO - Intraday - We look to Buy a break of 3.511 (stop at 3.388) Dips continue to attract buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 3.510, resulting in improved risk/reward. Posted a Double Bottom formation. Daily signals are mildly bullish. Price action continued to range between key support & resistance (3.500 - 4.000) although we expect a break of this range soon. The bias is to break to the upside. Our profit targets will be 3.918 and 4.054 Resistance: 3.500 / 3.700 / 4.000 Support: 3.400 / 3.300 / 3.000
OLong
by Signal_Centre1