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Weekly forecast OmiseGO / BIT technical chart
Symbol OMGBIT

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Trade Setup
#OMGBIT
Total Profit: 136039533 pip
Closed trade(s): 34927863 pip Profit
Open trade(s): 101111670 pip Profit

Trade Setup:
We opened 15 BUY trade(s) @ 82.51912 based on 'Valley' entry method at 2020.05.12.

Closed Profit:
TP1 @ 92.21845 touched at 2020.05.14 with 969933 pip Profit.
TP2 @ 105.08430 touched at 2020.05.15 with 2256518 pip Profit.
TP3 @ 117.72035 touched at 2020.05.19 with 3520123 pip Profit.
TP4 @ 135.97025 touched at 2020.05.21 with 5345113 pip Profit.
TP5 @ 174.30000 touched at 2020.05.21 with 9178088 pip Profit.
TP6 @ 219.10000 touched at 2020.05.22 with 13658088 pip Profit.
969933 + 2256518 + 3520123 + 5345113 + 9178088 + 13658088 = 34927863 pip

Open Profit:
Profit for one trade is 194.86542(current price) - 82.51912(open price) = 11234630 pip
9 trade(s) still open, therefore total profit for open trade(s) is 11234630 x 9 = 101111670 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.
  • If the Midterm level 135.97025 is broken, we will close open trades.
  • Price may also reach 135.97025, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateMay 25, 2020 - 20:10
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 135.97025 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 135.97025 is broken.

Technical analysis:

  • A peak is formed in daily chart at 242.75000 on 05/22/2020, so more losses to support(s) 174.30000 and minimum to Major Support (135.97025) 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 79.

Take Profits:

  1. 92.21845
  2. 105.08430
  3. 117.72035
  4. 135.97025
  5. 174.30000
  6. 219.10000
  7. 303.85000
  8. 499.25000
  9. 683.50000
  10. 887.00000
  11. 1138.50000
  12. 1387.50000
  13. 1739.90000
  14. 2319.50000
Click on the level to view price action history.

Symbol Released Current Forecast
OmiseGO / BIT (OMGBIT) Sun, 5 Jul 2020
OmiseGO / BIT (OMGBIT) Sun, 28 Jun 2020
OmiseGO / BIT (OMGBIT) Mon, 22 Jun 2020
OmiseGO / BIT (OMGBIT) Mon, 15 Jun 2020
OmiseGO / BIT (OMGBIT) free Mon, 8 Jun 2020