LONG: new uptrend start to 0.9$If you subscribe to Elliott Wave theory, this chart indicates the presence of a terminal impulse wave, suggesting that the price could potentially rise to approximately $0.9.
SL: the head of wave 5
Please ensure to double-check whether Wave 5 within the terminal impulse has concluded or not. Best of luck with your analysis, and remember to do your own research (DYOR).
OMGUSDT.P trade ideas
OMGUSDT.P Prediction (2H, 1D)My prediction for OMGUSDT is that the current uptrend will continue and as the price reaches the bottom line of the zone, it will face a resistance and drop down to the bottom trend line.
The zone is based on the daily chart.
This is one example of how the price might move in the 2H chart when applied FIB retracement levels.
However, price will not move so smoothly & cleanly like we wish it to be.
But I expect the overall trend to remain somewhat similar to the example.
Here is an alternative example if we adjust the zones slightly based on highs and lows.
Whatever the minor details of the trend might look like, it doesn't really matter because our fundamental strategy remains the same:
We enter at the price of 0.716, which is the price for the bottom line of the zone and exit once the price reaches the bottom trend line.
OMGUSDT"As we enter the bullish season, the initial target to aim for is
target : 10 .
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
✴️ OmiseGO Hits March 2020 Support (850% Bullish Wave Activated)In March 2020 OmigeGO (OMGUSDT) hit a bottom low, this signaled the end of a corrective phase and the start of a bull-market.
✔️ Total growth from the March 2020 low through the November 2021 All-Time High peaked at 6,546%. This bullish phase lasted 602 days.
The same March 2020 support level has been activated in August 2023, this is followed by a classic reversal pattern with a strong bullish bias, this can signal the end of the bear market; the start of the next bullish phase.
Here we are looking at short-term and medium-term because long-term we are very likely to get a new All-Time High and that is still a bit far away.
👉 So, within the coming months, OMGUSDT can growth by 850%.
This is a projection based on multiple charts signals and indicators as well as past history and current marketwide action.
The target can hit, easy and fast, just as it can miss.
This is not financial advice.
Remember to do your own research and planning, market conditions can always change.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
Certainly! Here's a TradingView-ready technical analysis for OMPattern: A double bottom pattern has formed on the daily chart for OMG/USDT, indicating a potential bullish reversal.
Confirmation: This pattern is now confirmed following the breakout of the neckline. The neckline is the horizontal line connecting the highs of the two troughs within the double bottom pattern.
Trade Opportunity: This pattern suggests a buying opportunity, with an entry point considered once the price breaks above the neckline. This breakout signals an increase in bullish momentum.
Target Price: The pattern's target price can be estimated by measuring the distance between the lowest point of the double bottom pattern and the neckline, and then adding it to the breakout point. In this case, the target is approximately 0.6 USDT.
Risk Management: To manage risk, traders may set a stop-loss order just below the breakout point or a significant support level.
🚀OMG USDT Trade Alert - Seizing Opportunity! 🚀🚀 BitXer OMG USDT Trade Alert - Seizing Opportunity! 🚀
Trade Analysis:
Entry Point: The market has rejected at 0.444, and now it appears to be on the upswing.
Trade Details:
Pair: OMG/USDT
Action: Buy
Entry Price: Target the current market price 🎯
Profit Targets:
Target 1: 0.461 🎯
Target 2: 0.498 🚀
Target 3: 0.521 💰
Risk Management: Secure your position with a Stop Loss at 0.433 ⛔
Let's ride the wave to potential gains with BitXer! 📈🌊💼🚀🌟
OMGUSDT.P - ShortOMGUSDT is trading in symmetrical triangle pattern and recently, it seems that the Buyers may be getting exhausted as the pair has started to find support within the pattern. Additionally, the current price action is forming a Bearish divergence, which suggests that Sellers may be preparing for a significant downward move.
Will the Bears regain control and push the price Lower?
Unleashing the Potential of OMG: Where do we sit?Cryptocurrency enthusiasts are no strangers to the dynamic world of digital assets. Among these, OMG, the native cryptocurrency of the OMG Network, stands out as a unique entity in the crypto sphere. This article delves into the essential aspects of OMG, its historical performance, and the intriguing technical dynamics that shape its current outlook.
OMG Network: Pioneering Ethereum Scalability
OMG takes center stage as the native token of the OMG Network, a blockchain platform that operates as a layer-2 scaling solution atop the Ethereum blockchain. Its primary mission is to enhance transaction efficiency by facilitating Ethereum transactions outside the Ethereum main network. OMG Network achieves this feat by significantly reducing transaction fees and accelerating transaction times, thereby addressing some of Ethereum's scalability challenges.
Historical Trajectory: From ATH to Recent Lows
OMG embarked on its journey to prominence and faced its historical zenith on November 5th, 2021, when it attained a staggering value just shy of $20.10. However, this pinnacle marked the onset of an extensive downtrend, evident in the bearish price action that emerged on November 7th, 2021.
Since that pivotal moment, OMG has experienced a substantial decline, losing a staggering 97.59% of its value by August 17th, 2023. The crypto market's volatility and the unique dynamics of individual tokens have played a significant role in shaping OMG's price history.
Exploring Bullish Divergence: A Promising Turnaround Signal
One of the noteworthy aspects of OMG's recent price action is the emergence of a bullish divergence, a technical phenomenon that often signals a potential trend reversal. A bullish divergence occurs when an oscillator, in this case, the one used for analysis, demonstrates upward movement while the asset's price continues to trend lower.
The critical juncture for OMG unfolded on September 6th, 2023, marked by market indecision. This period ultimately led to the formation of a support level at $0.4245, providing a crucial confirmation of the potential bullish divergence. OMG adhered to this support level and continued to trade within a defined range for 25 days, with the upper boundary at $0.4665.
Presently, OMG has successfully broken the prevailing daily downtrend and surpassed the resistance at $0.4665.
However, the next significant hurdle lies at $0.5300, which OMG needs to breach and secure with an open-close confirmation.
The current outlook for OMG is notably bullish, bolstered by the factors mentioned above and validated by ROBO's signals on September 28th, 2023.
Considerations and Key Levels:
It's essential to keep in mind that, despite the bullish momentum, OMG remains below the 200-day daily Exponential Moving Average (EMA), which traditionally conveys a bearish signal. However, the asset's price continues to trade above the 50-day EMA and the McGinley strip, which offer additional insights into its price dynamics.
Traders and investors can use the support and resistance (S/R) levels provided to make informed decisions regarding potential long or short positions. These levels serve as valuable reference points in assessing entry and exit strategies, enhancing risk management practices in the dynamic cryptocurrency landscape.
In conclusion, the OMG cryptocurrency and the innovative OMG Network have carved out a unique niche within the broader crypto ecosystem. While the historical price journey has been marked by significant fluctuations, the emergence of bullish divergence signals a potential turnaround. As always, market participants should remain vigilant, conducting thorough analyses and employing sound risk management principles in their investment endeavors.
OMG short term scalp opportunity (Short)Price seems like hitting a semi-major resistance area which happens to be in the measured move zone as well, momentum loss and Choch in lower timeframe confirming at least a small leg down giving us 1.4 R/R ratio.
NFA
Buying Opportunity on OMG/USDTBuying Opportunity on OMG/USDT
We've identified a descending wedge pattern on the OMG/USDT daily chart. Notably, there's a breakout above the resistance level. Additionally, there's a bullish divergence on the RSI, further confirming the potential upward movement.
Entry Recommendation:
Consider a buying opportunity with a target price between $0.7 and $0.75.
Stop Loss:
Set a stop loss at the closing of a daily candle below the former resistance (now support).
You Are Ready To Say OMG On This Trade??Fundamental Analysis
OMG Network is a layer-2 scaling solution for Ethereum that uses optimistic rollups to increase transaction throughput and reduce gas fees. Optimistic rollups bundle transactions together and process them off-chain, before submitting them back to the Ethereum mainnet for finalization. This allows OMG Network to offer significantly faster and cheaper transactions than Ethereum itself.
OMG Network is also highly scalable, with the ability to process thousands of transactions per second. This makes it a well-suited solution for high-volume applications, such as decentralized exchanges (DEXes) and micropayment platforms.
Recent News
On September 22, 2023, OMG Network announced the launch of its mainnet beta. This marks a significant milestone in the development of the OMG Network ecosystem, and it brings OMG one step closer to becoming a fully-fledged layer-2 scaling solution for Ethereum.
On September 27, 2023, OMG Network announced a partnership with Boba Network, another layer-2 scaling solution for Ethereum. This partnership will allow users to seamlessly bridge assets between OMG Network and Boba Network, making it easier to use both platforms.
OMGUSDT IN BULL RUNOn hourly chart the pair OMGUSDT has a very strong bull run. After initial spike the pair has traced back to around 0.5 Fib. level. This level seems to be a good joining point.
OMGUSDTOMGUSDT start its uptrend, with HH and making first HL,
instant buy entry
EP:0.492
SL:0.445
TP01:0.540
TP02:0.586
OMISEGO RETURNING FOR THE FIRST TIME SINCE LONG TIME -- $1?Thank you for reading our update. Please keep in mind that this is not trading advice.
Omisego, often referred to as the "bank of crypto," saw its value rise to $18 USD at one point in time. However, it experienced a prolonged decline. Now, we are seeing a return on its value in the small time frame, The question is whether this return is sustainable and whether Omisego can reach $1 USD again. The volume of trading should provide us with confirmation regarding the future direction of Omise.
Following a comprehensive analysis of Omisego (OMG), it becomes evident that there seem to a new data changes. This presents a potential opportunity for a new trend, which could pave the way for the development of a new bullish trend.
We Head South 📉💯⚠Major Support has been broken on the 4Hr timeframe and the market seems to be on a downward channel on the 1D timeframe💯⛔⚠
So, I'm more optimistic on the Sell 📉 side.
DYOR❗
#OMG/USDT 8h (ByBit) Descending wedge breakout and retestOMG Network pulled back to demand zone where it printed a dragondfly doji. A small bounce towards 100EMA would make sense!
⚡️⚡️ #OMG/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (5.8X)
Amount: 5%
Current Price:
0.520
Entry Targets:
1) 0.511
Take-Profit Targets:
1) 0.581
Stop Targets:
1) 0.476
Published By: @Zblaba
LSE:OMG #OMGUSDT #OmgNetwork #OmiseGo #L2
Risk/Reward= 1:2
Expected Profit= +79.5%
Possible Loss= -39.7%
OMG Short Buy TradeHere Is My Idea on OMG.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
OMG showing a very impressive investment opportunityHi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 1860 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
OMG/USDT shortEntry Targets:
0.5758
Take-Profit Targets:
1)0.5672
2)0.5614
3)0.5556
4)0.547
5)0.5413
6)0.5326
7) 🚀🚀🚀
Stop Targets:
5-10%
OMGUSDTOMGUSDT is in bearish phase potentially printing LH and LL.
There is no sign of trend reversal here.
We wait and watch for the breakout of last LL.
OMGUSDT.P long opportunityOn the M30 chart of OMGUSDT.P a there is high probability of 5 Elliott down cycle completion with multiple bullish divergences on the AO indicator. Going long with targets in ABC zigzag.
OMGUSDTPrice broke and retested a significant zone, creating a bearish N wave formation. All three moving averages gave me two conformations and an entry signal
