Crypto Contest September 29: OmiseGO
OmiseGO (OMGUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, OmiseGO began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 7, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, OmiseGO should be heading next towards the September 7 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can see the five wave advance from the July 16 low even better in the line chart.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "OmiseGO will takeout the September 7 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "OmiseGO will drop below the July 16 low".
If you think OmiseGO is in a range, upvote this post and upvote the comment "OmiseGO will stay in a trading range between the July 16 low and the September 7 peak until October 30".
You can upvote the comment until 3 PM EST September 30 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
OmiseGO will stay in a trading range between the July 16 low and the September 7 peak until October 30 (24 voters as of 3 PM EST September 30: bleujay, freiheit50, bentleycapital, twinner, allyouneedtoknow, me-tarzan, misalen, flemingfarm, catena, miniature-tiger, tzap90, starline, mirda, coolthings, crokkon, toofasteddie, ahinga, carlosdaniel, c-c-c, andy23, unhorsepower777, barcalogia, cookiekush, m3rcos1ty).
You won.
OmiseGO will takeout the September 7 peak (28 voters as of 3 PM EST September 30: otisbrown, soundmoney, kunschj, lydon.sipe, lucasgabd, simonjay, themovieplace, elaine54, eirik, skririm, dlina-v-metrah, jznsamuel, yefet, libert, heroic15397, cassidyandfranks, mprgrmmr, digitalking, ragnaros, napkin, allmonitors, richard78624, hmushtaq, arpepa, abay, freskil, me-do, m3rcos1ty).
going to go for 'take out peak' , holder of OMG as think long term potential is huge, that said will it perform in this timeframe?! place your bets folks :)
Thank you for reminding me about this one! I keep meaning to dig more on it.
OmiseGO will drop below the July 16 low (6 voters as of 3 PM EST September 30: ace108, steemit.nemesis, anetchen, gunsmithing, razorwave8, igsamuel).
I always find the X/dollar ones trickier than the X/bitcoin!
In pattern terms do we really have two patterns overlaying each other? The OMG/Bitcoin chart overlaying the Bitcoin/dollar chart? Does this distort the reading of the chart?
Here are both OMG/USD (line chart) and OMGBTC (candle chart) in one picture.
I believe both are currently in the red wave three.
I'm with you... I think since most movements in and out of coins are made in bitcoin, that is where the main patterns of data the side reside ;)
https://coinmarketcap.com/currencies/omisego/#markets
OmiseGO has the highest volume in OMG/USD pair.
wow I didn't know...
is the balance shifting towards USD pairing vs BTC ?? or is just this token in particular??
At least some of the bigger coins:
Ethereum:
https://coinmarketcap.com/currencies/ethereum/#markets
Litecoin:
https://coinmarketcap.com/currencies/litecoin/#markets
IOTA:
https://coinmarketcap.com/currencies/iota/#markets
Real nice usfull info. I belive OMG long term by feb next year will make huge bull run there some prediction 700 dollars per token . Yesterday a frend of mine sold his sport car to go full in OMG . He is a vetran in BTC maining and he love his car :) so i expect big run for OMG very soon.So i mysalef plaing on investing significant amount of my portflio in OMG long run.Ty again for the info grafics and good luck to the crypotinvestors.
Thank you for sharing Mihail.
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OmiseGO will drop below the July 16 low
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