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Weekly forecast OmiseGO / BIT technical chart
Symbol OMGBIT

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Trade Setup
#OMGBIT
Total Profit: -6353004 pip
Closed trade(s): 0 pip Profit
Open trade(s): -6353004 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 98.39165 based on 'Valley' entry method at 2020.01.17.

Open Profit:
Profit for one trade is 93.09748(current price) - 98.39165(open price) = -529417 pip
12 trade(s) still open, therefore total profit for open trade(s) is -529417 x 12 = -6353004 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJanuary 26, 2020 - 18:02
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 174.30000 would begin in Midterm.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 79.10000 on 01/14/2020, so more gains to resistance(s) 96.50000, 126.90000 and maximum to Major Resistance (174.30000) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 56.

Take Profits:

  1. 126.90000
  2. 174.30000
  3. 219.10000
  4. 303.85000
  5. 499.25000
  6. 683.50000
  7. 887.00000
  8. 1138.50000
  9. 1387.50000
  10. 1739.90000
  11. 2319.50000
Click on the level to view price action history.

Symbol Released Current Forecast
OmiseGO / BIT (OMGBIT) Sun, 13 Sep 2020
OmiseGO / BIT (OMGBIT) free Mon, 31 Aug 2020
OmiseGO / BIT (OMGBIT) Mon, 24 Aug 2020
OmiseGO / BIT (OMGBIT) free Sun, 16 Aug 2020
OmiseGO / BIT (OMGBIT) Mon, 10 Aug 2020