NEWSBTC: OMG! OmiseGo's Token Confirms Above Ichimoku Cloud

  • Tuesday, 17 April 2018 00:20
It’s https://www.investdiva.com/ ‘s Kiana with News BTC and here is your cryptocurrency update. Oh My Gosh! OmiseGo’s token, OMG, just confirmed above the daily Ichimoku cloud, as it was one of the only cryptocurrencies to see gains on Monday, next to Cardano. After rallying over 38% and then erasing some of the gains on Friday the 13th, OMG continued its gains throughout the weekend and on Monday it finally confirmed the break above the daily cloud with its 9.9% gains. OmiseGO is an existing payment management platform similar to Stripe founded in Thailand, which is mainly focused on Southeast Asian countries with strong ties in Singapore, and Japan. Its token, OMG, allows real-time, direct transfers across multiple fiat currencies and digital currencies. OmiseGo’s goal is to “unbank the banked,” and with this new project, they plan to integrate their services with blockchain technology. Omise was awarded Digital Company of the Year by Thai Prime Minister at Digital Thailand Big Bang 2017. OMG is an Ethereum-based financial technology. It is meeting with representatives of Asia Pacific Economic Cooperation (APEC) in Tokyo today to talk about the future of Ethereum and to promote blockchain free trade. OmiseGo CEO and founder, Jun Hasegawa, will be speaking to delegates from APEC’s Business Advisory Council in a round of talks which are expected to last over fourteen days. Looking at OMG/USD price action, on the daily chart, its price remains between the two key Fibonacci retracement pivot levels of $12.79 and $15.76. Now that a break above the Ichimoku cloud is confirmed, we could see gains towards the 38% Fibonacci retracement level of $18.78, but first, we may see a pullback, which could give investors a decent buy opportunity. The key support level for OMG remains at approximately $8.40, a level which has acted as a support multiple times in the past. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

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