WildmanCryptoConsulting

OH MY GOSH Becky! Look at OmiseGo! A technical chart analysis

BINANCE:OMGBTC   OmiseGO / Bitcoin
This idea is a continuation of one I started at my last profile. Follow the link below if you would like to start from the beginning.



All future updates and new ideas will be posted here.

Alright, let's get to it! I've drawn in all the lines and support levels from the last post so yall don't have to refer back to other places. As my mind's eye predicted OMG has become bound inside an ascending triangle . We had our first touch of the top of triangle at about 8:00 UTC and is moving downward. This confirms my intuitions from the last post. What we are looking for now is an increase in volume as we near the pinch point of the triangle, that could potentially signal a breakout. A safe and smart entry point can be made if and when the price breaks and closes above the top of our ascending triangle pattern. The 50% retracement line and the top of the upward channel should act as resistances once a breakout ensues. Below is a shot of the 4-hr chart where I have updated my original 'new trend' lines to sync up with the more recent price movements, as well as overlayed the 7, 25 and 100-EMA for possible support levels.



As always, have great days or nights, where ever you are. Trade Safe. Trade Smart.
評論: Hello fellow traders!

Let's take a look at the 2-hr chart below of OMG to see what we can see.



As I said in my last post, "What we are looking for now is an increase in volume as we near the pinch point of the triangle, that could potentially signal a breakout". The breakout of the triangle did happen but could not be sustained and has since fallen back inside. The increased volume has not subsided so we can rest assured that another retest of the top side of the triangle will happen again soon. Also, notice the rising MACD and RSI which have been forming higher lows over the past few days. All bullish signals in my eyes.

As always, have great days and nights, where ever you are.
Trade Safe. Trade Smart.
評論: Gooo OmiseGo Go! Gooo OmiseGo Go! Omise just Go!

Hello fellow traders!

Real quick let's look at the 1 day chart for OMG. Both the 25 & 100-EMA lines are signalling strong buys and the RSI has been steady climbing since the Feb 5th piercing of the low side of our blue channel. These are good signs of more bullish movements in the near future.
評論: Here is the chart I mentioned in the above comment.
評論: Oh, I forgot.

Have great days or nights, where ever you are.
Trade Safe. Trade Smart.
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