Steep Uptrend = Moon?This is just my second T.A and I think eventually it could at least hit $100. But it is going up very fast and I think we are still due for a large uptrend and hit support around $25-$30 or something like that (I haven't checked the order books yet that's just a guess). Honestly I think we are due for $30-$50+ after announcement and implementation of Plasma.
Omgcoin
OMG - i love you - potential 200% in the mid-long termHi guys!
i love omg. seriously i do. i think this coin is great. Omisego wants to be a payment platform for mainly the asian region. It's parent company Omise, is already servicing a lot of Thailand's transactions already and has great partnerships lines up! Think long term, like 2020. Like Japan olympics 2020 :)
Buy: 13.70-17.09
Sell: 34 - 42
Fundamentals:
Oh my god can i get started.
1) Wallet release in q1
2) Staking by q2
3) Fiat gateways in the near future
4) Decentralised exchange coming up
5) PLASMA !!!!! Coming up too. Plasma is amazing and looks to rival visa and mastercards tps.
Mind you OMG is a long term coin, not a quick get rich pnd coin.
Technicals:
For now, it looks like OMG is in its consolidation phase. It has completed 3 of the 5 elliot impulse waves and we are currently in the 4th wave. Wave 2 had retraced perfectly onto the 0.618 levels, as has the 4th wave here and now we are consolidating. I used the USD chart because BTC was looking all over the place, so i came here to get better clarity.
Using fib extensions, wave 3 hit a high of around $28 which is around the 1.618 fib line, so its not wild to assume that OMG may hit the 2.618, but to be be conservative we'll take a more broader end range.
People will argue that wave 4 retraces into wave 1 territory, you're correct but only by a wick and not a body so the 4th corrective wave stands true.
I'm still new to these elliot waves and fibs. I am open to any criticism. Go ahead and grill me :)
OMGBTC Trade OpportunityOMGBTC is in an ascending channel.
MACD squeezing -> bullish
RSI bottoming out -> bullish
at ascending channel support -> bullish
OmiseGO OMG Forecast - January 2018 Sale!art shows how BTC's bleed dragged OMG coin down with it. OMG is currently trying to hold support level at 140,000. That support has already been broken and fib retracement (not shown in chart so as not to clutter) suggests next support level at 130,000. Hence it would be wise to place some orders between those levels.
Once BTC recovers, a reversal is expected and a bullish trend to form and potentially reach the flag targets in the coming days.
RSI: Oversold 35%
Events:
18 January 2018 Jun Hasegawa will be explaining OMG future plans
This is not an invesetment advice, always do your own research!
OMG - Another Cup FormationOMG has formed another cup formation. I published a chart on Dec. 31st showing that OMG had formed a nice cup shape. OMG went on the form a Cup and Handle formation which it broke out of on Jan. 7th.
IMO OMG will break out eventually, it could be soon or OMG may continue sideways to form a handle.
OMG - Breaking Out?OMG looks like it may be breaking out of the Cup and Handle formation it has been forming. We shall see if this is a real breakout or just a false breakout.
OMG - Possible Breakout?OMG looks to be setting up for a possible breakout to new all-time highs. OMG has formed a nice cup formation and could be in the early stages of forming a Cup and Handle formation.
I am looking to add to my position (which I should have done yesterday) so now I will add on any meaningful pullback.
OMG coin bounce trade ideaOMG after last weeks large pullback nearly 50% we have held support and started to curl higher. We have nice location here with multiple levels of support underneath. on our 15minute chart we are shaping up with a nice consolidation that should provide support with a stop under. MERRY CHRISTMAS! I Know its a day of family! but Shredding never stops! not even for holidays!
