OMG has just broken out of it's current consolidation and seems to be a continuation of it's previous trend. It has broken out above the 100MA, and the volume oscillator shows big volume, RSI peaking on hourly charts. We should see a slight retrace, but overall pattern looks bullish.
Ascending wedge (bearisch) transformed into ascending channel (bullish)?
Just waiting how the market correction will affect OMG. Higher Trend line is decisive at the moment. After a bull run we can expect correction to the Fib levels. Possible bearish wedge. Any idea how to trade? Please share. Thank you for watching. Good luck and peace!
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.
OMG has a strong asian following. It forms a bullish ascending triangle an the stochastic RSI is also ready for a strong push upwards.
We'll test back to 3.8 soon but volume here isn't great. C&H formation back down to the 3.3 mark. Purchase here then we'll break back to 3.8 Once that breaks, FIB Channels @ 4.1 and 4.6 Buy @ 3.3 Break @ 3.8 Sell1 @ 4.1 Sell2 @ 4.6 Stop Loss: 3.2
Forgot to press publish by a bit, so optimal entries are sadly fortfeit. OmiseGo stalled previously and established a lower low in conjunction with BTC. Later a HL was established, which created a new trendline with pre breakout resistance and the previous low. I have strong confidence in this new low for two reasons, which i will now detail. 4RSI has balanced...
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 For long term investment will a good token to have. Q4 of this year OMG are planning to start building there framework. With good founders and solid idea, OMG should only go one way. For day traders there is fluctuation of movement between $2.90 and $3.30 Long term investors - $10 + Buy the end of Q4.
This is a new coin, probably pumping because of exchanges adoption. Levels are based on Fibonacci Extension, and trading can be risky. Last rally is paired with BTCUSD rather than the OMG market itself.
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...