OmiseGoGood potential to rise. If we look at OMGBTC i see triangle and we need break this triangle and go to the next fibonacci levels
OMGBTC
OMGBTC short term - how to tradeBearish channel is broken, bullish channel formed. Fibo trade:
buy 0.0010
take profit 0.0012
sell loss 0.00098
OmiseGo forming a cup and handle?OMG is looking good on indicators with lots of bullish news and upcoming wallet release set in q1.
OMISEGO $20 PROJECTION?!OmiseGo looks to be breaking a key resistance level anytime soon. From this, we may see a medium-term increase to the $20 Mark where will we see some resistance and consolidation before another movement upwards. This is quite a big move for the cryptocurrency, however, the market has been growing at an exponential rate as more Media outlets are consistently talking about the new tech. $20 is also perfectly in line with the 1.618% on the Fibonacci which is also a further indication that we could see a move up to this price.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
OMG/BTC longWe saw a minor break though of the ceiling as we watch OMG fall back into it's channel. As BTC rises, I would expect to see OMG stabilize around it's major support line and bounce back off, starting a potential new wave cycle. Keep an eye on volume as we approach the support line as it may indicate whether OMG holds steady or falls under to the next channel.
OMGUSD: Breaking out of pennant formation! +35% target! OMG broke out yesterday on significant volume. It has been coiling since and formed a pennant formation. It seems ready to break out for another move with the MACD crossing over and the RSI having cooled off to the 50, neutral area. Fib extensions show a move to $19 is likely, a 35% gain.
OMG/BTC#Swing
#OmiseGo(OMG)
Buy Zone :0.00055464-0.00057120
Sell Zone :1-0.00062985
2-0.00068068
3-0.00078356
StopL : 0.00044100
Timeframe :1-2 W
OMGThis market is amazing. There are so many opportunities. Every time I press refresh I see a possible trade for 10% gain on random coins. It is surprising how far OMGBTC has dropped. But I believe that time is about to end. With the recent tweet from Vitalek, I am certain many people will misinterpret what he meant and end up buying this crypto. That will drive price up. Either that, or it is simply too low and is going through the ebs and flow of the market. What are your thoughts?
Trade with care.
OMG bouncing from trendlineOMG seems to be bouncing from the lower trendine. If there is enough power behind this bounce, we might break through the blue trendline immediatly, but I think a retest of the trendline is more reasonable. That would be an optimal entry point I think, before OMG breaks througha nd goes for a next leg.
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!
