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OMGUSD

OMG/USD IdeaThe OMG/USD chart shows potential for more confirmation of upward movement. Red dotted line shows resistance from down trend on 1D chart that was clearly broken on November the 8th with good volume. Price fell from there to retest resistance turned support and bounced (also happened to coincide with the top of the cloud). We are now moving up through the cloud with a crossover on the MACD and a potential crossover of the Chikou span with the Kijun-sen (blue circle). Watch for a candle close above the cloud with a confirmation of the Chikou crossover for a stronger signal, and expect resistance at $8.30. I love this little coin and always look for an opportunity to pick up more; I see good potential here.
BITTREX:OMGUSD
by philocrypt0
OMG! Catching Structural Wave 3OmiseGo has performed well against the risks of capital flight plaguing the altcoin sector over the last few months, managing to stay above the major key fibo level. Currently it has broken through a significant downtrend line, ruptured through BBs to the upside, and is showing bullish signals on the RSI. Its possible we may see a trend reversal, with intraday (swing) trading opportunities. Possible targets for now to the upside are a MIN TP of $15.90 and a MAX TP of $18.79. Alternatively, we could see trend resumption and trade as low as $3.46 before bouncing back to the $10 region. My strategy also involves analyzing the OMGBTC chart, and it should be noted that currently we lack support for a trend reversal in this pair. *This instrument saw a 3500% increase in value from inception to its peak of $13.70, so a further correction is very possible. ***Bitcoin's bullish cycle has expired, and the impact that this variable may have on the altcoin sector is not clear at this time. As always, I'll be updating this thread as we go along. Cheers and GLWT, -Erik
OLong
by Trader6127
12
OMGUSD, Long, a new bull runThe coin bounced off the strong daily chart Fibonacci support at $5.6 and broke the downtrend line. For the first time in weeks the price stand above the long term EMA89 period. This indication seems to signal the finish of the BEAR market cycle and making a new BULL move. On this chart which is the 4H the coin retrace back to 618 Fibonacci at $7.2 which whom were the fast traders would have had enter one portion of the position. Those trades can be hold if this coin breaks $8.8 which also open up an opportunity for those who missed out the first entry. If the price decide to move up breaking the previous high at $8.8, the target can be at the first resistance is at $9.7, and our target at $11.7. So its always calculated risk and rewards, where in this set up theres $1.6 on the downside and $3.0 on the up side so its about 2:1 (risking of losing one and gainning two). Note: New entry which break $8.8 area have a stop at $7.2 Feel free to leave a comment. :) Best of Luck
BITTREX:OMGUSDLong
by Ronnaritta