OMGUSDT.P trade ideas
OMG Network Broke Support! Potential 300% Targets!? Thanks again Naim Thomas for the suggestion!
We are trading above the previous structure and currently waiting for a confirmation. With targets, we can expect a 300% to at TP1. However, the 8.50 mark might give resistance as it was the previous monthly sturcutre.
Dicy trade, but with crypto sentimental at the moment we are passing a bullish bias.
OMG Network (OMG) Trading Setup & MomentumWhat Is OMG Network (OMG)?
OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.
The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.
The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.
Latest news:
3 December 2020
Investment firm Genesis Block Investment (GBV) has announced the acquisition of blockchain platform OMG Network. This development was revealed in a press release on December 3 and would bring new changes to the OMG Network ecosystem.
19 Mar 2021
Varna – Plasma's Privacy-preserving Exchange – Public Beta imminent
Quasar – Plasma's Fast-exit Solution – Awaiting Smart Contract Audit
Hashcast – Public Beta available!
Reasons of trade:
Old project I'm following since 2017, always solid and serious.
Everything I'm posting is a serious project and had a lot of research before any analysis on chart.
Trade valid as long as S3 holds.
Current closed trades (with success!):
Chiliz
Digibyte
BAT
SC #1
SC #2
SC|BTC
StormX
Perlin
For details comment at any time!
Don't forget to like and follow if you find this helpful!
OMGUSDT - LONG OMG on the daily timeframe has broke above daily resistance with a strong bullish impulse followed by a nice correction to retest previous resistance now turned support, also aligning nicely with the 0.50 fibonacci, now im expecting to see the continuation to the upside and market to go and form a new higher high from a daily perspective, on the 4hr we now have a new higher high we can take the trade on the retest of structure IF all our other entry rules are met.
Trading idea for OMGUSDTOMG has the potential. It seems it has broken the downtrend. It may go up to $8-9 again if all goes well in midrange.
🔥Short Term Target OMG/USD# OMG / USD
📌 OMG Short Term Target
🔹Analytics: Profits in the place of support, if the buyer holds the position, we will fight back now, if the seller is stronger, the next target is $ 5 from this level, you can open a long position.
Elliot Wave Corrective phase My opinion on OMG: it is currently in the corrective ABC waves and could be making a decent setup for a long in the following week to come, which could then continue with the next 5 waves up.
Do not miss the the great buy to OMGUSDTTake Profits:
SHORT TERM
TP1: 5.93
TP2: 6.73
LONG TERM
TP3: 7.75
TP4 10 - 10.6
STOP LOSS :
.If you want to trade short term below the trend line
.If you want to invest for the long term use your stop loss below 4.78 (the red line)
Thanks for your attention 🙏!
Trade well, ❤️
OMG Buy TradePrevious supply zone is acting like demand zone now. down trend broken but still not leaping. this is lika a compressed spring and longer the compress time higher the leap imo.
Its good to put stop due to correlation chance of bitcoin.
first target 5.49
second target 6.98
third target 7.83
long term possible target: 14.18
OMGUSDT - 4 HOUROMG in a sideways channel.
If you would have shorted resistance and went long every time we touched support and resistance, you would have earned 60% in 8 days..
It keeps working till it doesn't :)
For every new follower i will add a new idea :)
OMGUSDT GOING SHORT. FIND OUT WHY IN THE DESCRIPTIONIf you take a good look at the chart you'll see that the market structure is ranging. Now the price has reached the resistance level. There's a high probability that the market will go short to support/Demand level,
So let's see an wait for a perfect time to buy
Please like and follow I yo you like my idea. Thank you.
Omisego buy the dip.OMGUSDT - Intraday - We look to Buy at 4.94 (stop at 4.74)
Daily signals are mildly bullish.
Price action continued to range between key support & resistance (4.90 - 5.50) although we expect a break of this range soon.
The bias is to break to the upside.
Dips continue to attract buyers.
We look to buy dips.
Pivot resistance is at 5.53.
Our profit targets will be 5.46 and 5.91
Resistance: 5.25 / 5.50 / 6.00
Support: 4.90 / 4.50 / 4.00
OMisoGo can Scale Ethereum! (OMG/USDT analysis)OMG Network at a Glance:
The OMG Network allows you to access, manage, and transact with digital assets that are kept securely on the blockchain.
What is an 🌟OMG coin 🌟?
OMG coin is a white-label eWallet. It was built on the Ethereum blockchain by a Thai financial services company called Omise. Its full name is OmiseGo.
(coinmarketcap data:
Token Rank #88
On 77,932 watchlists
Market Cap
$729,564,049
Volume24h
$361,903,849 )
❇️ With OMG Network :
1.Faste r: Transfer ETH and ERC20 tokens with a throughput of thousands of transactions per second.
2.Cheaper : Operate your business or project at 1/3rd the average cost of the Ethereum Network.
3.Secure : Ethereum-level security supported by a decentralized watcher network and smart contract adjudicators.
4.Green : Reduce electricity usage by potentially 99% per transaction compared to Ethereum.
5.Open : Build apps, dApps, developer tools and more on an open and permissionless network.
6.Trustless : Your assets remain secure on the Ethereum Network and are fully recoverable at any time.
❇️OmiseGo Price Predictions: 2021 and Beyond
One way to make a long-term OMG price prediction is to look at its competitors. These are the platforms that offer similar services to OMG. If the following platforms succeed, the price of OMG may be affected.
There’s no telling, though — in some ways, investors may see the success of a competitor as a good thing, because it confirms the potential of the shared us
❇️Competitors:
👉REQ : REQ or Request Network is a decentralized payment system with a market cap of less than 100 million USD. It’s too small to worry about the OMG crypto at the moment but it might do in a few years.
UPDATE 2021: REQ market cap is now only $108,428,261 USD.
👉Ripple : This platform is becoming a giant in the world of crypto. Like OmiseGo, it offers payment services for financial institutions. However, Ripple is a closed network and has been criticized for being too centralized. The two platforms operate in the same area but work in different ways.
👉Ox : Ox allows users to create their own decentralized exchanges on the Ethereum blockchain. Trading is only available for ERC-20 tokens. This means that it will have a smaller market than a platform like OmiseGo.
👉Stellar : OmiseGo’s main competitor is probably Stellar. Both platforms offer open-source payment services on a large scale. Stellar has a market cap of more than 5 billion USD and is the seventh biggest cryptocurrency in the world.
UPDATE 2021: Stellar market cap is now $8,931,098,089
OmiseGo coin will have to compete with all of these platforms over the next few years. It’s a very tough market and OmiseGo will need all the users it can get if its price is going to keep rising.
(references: bitdegreeorg-omg.network - coinmarketcap)
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✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for OMG, The current price roam about $5.15 ,
Different patterns can be discovered in this image, but we saw the reverse head and shoulder pattern better, for which price targets of $ 7 and $ 13, respectively, and then finally $ 40, can be imagined, but the price can go beyond these areas. Which depends on the crazy crypto market and can make OMG wild to touch more amazing targets.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
OMGUSDT THİS İS "W" , WHY NOT?This is is an educational work, does not contain investment advice.
OTT , supports and resistances... and RSHS???
OMGUSDT is testing the daily resistance 🦐OMGUSDT is testing the daily resistance, if the price will have a breakout and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
