OMG tokenThis token doesnt have a stop loss , just go on averaging as the price falls , The target given is easily achieavable .
OMGUSD trade ideas
OMG Network Live Price Heading Toward Critical Resistance ZoneThe technical chart of OMG Network highlights the significant retracement faced by the price levels after touching the critical resistance area of $5.00. The price levels went straight down to the critical support area of $2.50 resulting in almost 50% retracement. The support level did provide a positive bounce back to the support levels and during the current market session, the price levels looked to have a positive crossover above the resistance line placed at 0.618fib level.
The Relative Strength Index (RSI) is constantly retesting the overbought region while sustaining at the bullish level of 60.77.
The Moving Average Convergence & Divergence (MACD) looked vulnerable for a bearish crossover after gaining significant bullish levels above the signal line.
The Directional Movement Index (DMI) is showcasing bullish nature as ADX had a positive crossover against +DI.
Resistance Level: $4.00 & $4.90
Support Level: $2.90
Don't miss the great buy opportunity in OMGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.6000
TP2= @ 1.6350
TP3= @ 1.7600
TP4= @ 1.8500
TP5= @ 2.0200
SL= Break below S2
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Don't miss the great buy opportunity in OMGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6065). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. OMGUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.7900
TP2= @ 2.0065
TP3= @ 2.2678
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
Please show your support back,
Hit the 👍 LIKE button,
Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
There is a possibility for the beginning of an uptrend in OMGUSDTechnical analysis:
. OMISEGO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (7.00 to 5.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7.00)
Ending of entry zone (5.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 8.72
TP2= @ 9.60
TP3= @ 11.68
TP4= @ 14.90
TP5= @ 18.20
TP6= @ 20.09
TP7= @ 28.50
TP8= Free
There is possibility for the beginning of uptrend in OMGUSD Technical analysis:
. OMISEGO/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (7.00 to 5.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7.00)
Ending of entry zone (5.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 9.60
TP2= @ 12.50
TP3= @ 15.00
TP4= @ 18.20
TP5= @ 20.20
TP6= @ 28.50
TP7= Free
There is a possibility for the beginning of uptrend in OmiseGoTechnical analysis:
.OMISEGO/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (12.50 to 10.07). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (12.50)
.Ending of entry zone (10.07)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 15.55
TP2= @ 18.20
TP3= @ 20.28
TP4= @ 28.50
TP5= Free
A possible WEDGE?Hello everyone,
OMGUSD has been on a run since the last drop. The patter as a whole is bearish. It has dropped almost 50% from its ATH - the correction phase. And make no mistakes the correction phase is still ON. The forming wedge patter is another sign that the drop is inevitable.
The wedge pattern will be proven wrong if the OMG/USD crosses the $15.2 mark. The possible buy signal for the downtrend is $10.3 and for the uptrend is $15.2
Thank you.
Feel free to comment.
OMGUSD...Critical Level...wait & actHead and Shoulders pattern. If it breaks below $13 - $12.5, then can slide all the way till $7- $8 ...before finding support or news to come up. There are chances that it can make a bottom at $13 level and change trend by 2nd Feb or 3rd Feb 2018. Look at my prediction for BTCUSD during Dec'17...when whole world was dreaming high :)
Bullish patternIn the daily chart an ascending triangle pattern is visible. The price is on the verge of break out. It has accumulated and now is in the middle of a minor correction before most likely breaking out.
MACD hasn't confirmed the uptrend yet, but RSI indicates lot of room for buyers.
That said, my trade setup for now would be slightly conservative,
I'd prefer to go long once the break out is confirmed. Somewhere around 8.53
Stop loss @ 7.69
Target 1 @ 9.24
Target 2 @ 10.45
As always, revert with feedback or questions if any. Thank you!
OmiseGo Resistance based Long PositionOmiseGo is fundamentally good coin.After yesterdays bitcoin rally and alt coins fall , looks like reversal is started.
One can take a long position with SL just below yesterdays low.
45 days EMA and 14 days EMA along with stoch are indicating reversal.
With Ethereum hardfork on 17th Oct , all ethereum based alt coins are bound to rise fundamentally and omisego is one of the best coin with very strong underlying product.
