So we broke past the all time high and is creating a new one. Now, we're looking to reach the Take Profit target as indicated in the chart above. After this wave, OMG's price could most likely settle above in the new area near the TP zone.
this is just an idea. To trade it you need to be stable mentally thats the hard shiitt
Looking good! I've got multiple sells all the way up to around around 5.80.
Looking at the market depth, there's a huge resistance wall in the current prices. When it goes up to the supply zone (rectangle) and stays there for quite sometime, then watch out for a pump in volume. When that occurs, buy OMG. I'll be updating the TP targets when the supply zone is broken.
We have a nice pennants pattern in an upward trend wich to me indicates that we are going soon. RSI looks to be turning soon and from there we should go. When we break out of the pennant i have my target and sellzone set. Really excited to see were this goes. Do you see something else? Please share.
After the rally, OMG is moving on a big ascending triangle, which is a bullish continuation pattern. Market rejected the downtrend on the 0.382, 0.5 and 0.318. The published long position only poses a Risk/Reward of 0.8. Only small volume orders should be considered
OMG a tech company that does decentralised peer to peer payments in the cryptocurrency sector. After studying the technical side, they are indeed having a strong trend line and good Support. Will need to keep a close eye on it until it establishes a average, but at the moment i just see this share going up!MACD also Showing strong indications of an upward trend...
Bitcoin isn't the only cup and handle out there. This recent ICO OmiseGO promises to decentralize an exchange. They seem to be further along in the company creation cycle due to the fact they already play a role in the Asian Fintech space with several large clients with their payment processing house. Vitalik wants this one to work as you see his computer has...
Pun intended. Haha. OMGUSD seems to form a double bottom. Still, its price movement is dependent on BTCUSD. See my analysis on BTCUSD to know the price movement.
OmiseGo looks pretty good. You can still buy it cuz it's cheap. Once it breaks red resistance line it's unstoppable. If it leaves the trendline maybe wait a while. But the Trend is new an it looks like a very long trend. If you have some OMG then HODL!!
A downtrend line going back to October!!! Depending on Price action, looking at a potential short at 17.28. The Ichi provides a nice area for target.
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