ForecastCity_ME

2 Buy opportunity in OMGBTC , Mid-Term & Short-Term

Long
BINANCE:OMGBTC   OmiseGO / Bitcoin
Mid-Term Forecast:

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. OMGBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.

Take Profits:
TP1= @ 0.0004110
TP2= @ 0.0004990
TP3= @ 0.0006830
TP4= @ 0.0008870
TP5= @ 0.0011380
TP6= @ 0.0013875
TP7= @ 0.0017400
TP8= @ 0.0023195

SL= Break below 0.000243

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Short-Term Forecast:

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000304). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. OMGBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

Take Profits:
TP1= @ 0.0004110
TP2= @ 0.0004450
TP3= @ 0.0004950
TP4= @ 0.0005630
TP5= @ 0.0006830

SL= Break below 0.000243

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Comments

Nice chart
Reply
Impressive and excellent
Reply
@Kristalyn,  We're glad you like it. 😊💚
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@Kristalyn, We appreciate your comment.
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@Kristalyn, All the best with your trades.
Reply
Lovely analysis, man! Looks very clean!
Reply
@Kamryn, 💎🙏💎 We appreciate it
Reply
@Kamryn, We wish you like it.
Reply
@Kamryn, We wish you good luck with your trades.
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