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