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$OMG breakdown. LONGING for 50++% profits within this month.
Descending red triangle = trend for breakdown maximum 24th May 2021.
Buy during reversal.
Reversal = blue triangle in market cipher a and RSI bullish divergence at least 2 times in market cipher b.
** REVERSAL NOT necessarily on 24th May 2021, as long we see price action as per reversal explained above, then SHOULD BUY.
Price targets (assuming breakdown reach ascending triangle):
Buy: $6.18 (expected at 24th May MAXIMUM)
Sell 1: 50% assets @ $7.90
Sell 2: 25% assets @ $8.86
Sell 3: 25% assets @ $10.52
Stop Loss: $5.70
Fundamentals why this coin is relevant:
Community Points Engine
The main goal of the Community Points Engine (CPE) is to give communities a means to create scalable points and rewards systems in a trustless manner. Due to technical limitations, public blockchain infrastructure like Ethereum cannot handle the required load of the modern points applications, hence the need for a scaling solution.
The CPE is a working proof of concept application that utilizes OMG Network as a trustless, high throughput settlement rail for community points transactions. The full demonstration consists of a working application, and this document contains details on how special claim, burn, and subscription transactions can be implemented on the network.
Exchange Use Case:
User Personas
Customers - participants and active users/traders of a given exchange.
Integrator - development and management staff at an exchange that evaluates the requirements and delivers the integration to the OMG Network.
OMG Network - a technical and management team within the OMG Network that supports the Integrator during the integration process.
User Stories
As a customer, I can deposit ERC20 tokens (e.g. USDt) from the OMG Network compatible wallet to my exchange account.
As a customer, I can use deposited funds to make trades on a given exchange.
As a customer, I can withdraw ERC20 tokens from my exchange account into the OMG Network wallet (web or mobile).
Buy during reversal.
Reversal = blue triangle in market cipher a and RSI bullish divergence at least 2 times in market cipher b.
** REVERSAL NOT necessarily on 24th May 2021, as long we see price action as per reversal explained above, then SHOULD BUY.
Price targets (assuming breakdown reach ascending triangle):
Buy: $6.18 (expected at 24th May MAXIMUM)
Sell 1: 50% assets @ $7.90
Sell 2: 25% assets @ $8.86
Sell 3: 25% assets @ $10.52
Stop Loss: $5.70
Fundamentals why this coin is relevant:
Community Points Engine
The main goal of the Community Points Engine (CPE) is to give communities a means to create scalable points and rewards systems in a trustless manner. Due to technical limitations, public blockchain infrastructure like Ethereum cannot handle the required load of the modern points applications, hence the need for a scaling solution.
The CPE is a working proof of concept application that utilizes OMG Network as a trustless, high throughput settlement rail for community points transactions. The full demonstration consists of a working application, and this document contains details on how special claim, burn, and subscription transactions can be implemented on the network.
Exchange Use Case:
User Personas
Customers - participants and active users/traders of a given exchange.
Integrator - development and management staff at an exchange that evaluates the requirements and delivers the integration to the OMG Network.
OMG Network - a technical and management team within the OMG Network that supports the Integrator during the integration process.
User Stories
As a customer, I can deposit ERC20 tokens (e.g. USDt) from the OMG Network compatible wallet to my exchange account.
As a customer, I can use deposited funds to make trades on a given exchange.
As a customer, I can withdraw ERC20 tokens from my exchange account into the OMG Network wallet (web or mobile).
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