OmiseGo How to Trade

BITFINEX:OMGUSD   OmiseGo / Dollar
Based on the 4H chart we can see a double top chart pattern. It belongs to a reversal group of chart patterns. We should expect for downward movement to 5.5000 level at least. This is a support level which can stop and reverse the market. Also the uptrend line is an additional support in this zone. We must be ready to open long trades based on a confirmed reversal signal. Stop orders must be placed below the local swing low. If the market drops below 5.5000 level, we'll get a confirmation of the double top pattern. The market will drop to 3.7000 support level . If the market bounces from this level, it will be a new trading opportunity.
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cool, very stable for the support level, uptrend line and price. the resistance level become new support level by break in later on
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You are quickly becoming my best friend! Great call on NEO the other day. I didn't take the trade because worries about BTC pullback and what effect that would have but am watching closely!
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Forming ascending triangle .... probably accumulating for up movement ?
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Hi. appreciate the analysis. what software are you using to generate these charts?
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@DLavrov hi, is posible could you please create one for IOTA? It is moving very fast from .25 to .91.
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@DLavrov , Your charts are very helpful. I have a question. If the volume is more in the Second top than the First Top, can this be considered as Double Top? Learning from the Master :)
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Can you do one for nxt?, Much appreciated!
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Spasiba Dima, skazhi... why do you chart against USD? Do a lot of people pair cryptos against usd? I thought primarily only BTC, ETH and LTC.
Personally speaking I mostly trade with BTC... looking at the USD really messes with my head. I still check my balances in USD and hate myself for it. :)

Did you see NEO almost duplicated its last leg up?... almost identical.

Also, QTUM/BTC... looks like a classic head and shoulders to me right now.

ya bayuz!
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The team is meeting Vitalik and Ethereum team right now for the Plasma project. Shouldn't we expect an upwards movement based on the news?

Source: https://twitter.com/omise_go/status/897089480128999424
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mitarcher vlatoshi
@vpresident, I think any good news will shoot the price upwards. TA is based on the pattern we saw so far
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