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Weekly forecast OmiseGO / BIT technical chart
Symbol OMGBIT

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Trade Setup
#OMGBIT
Total Profit: 97804626 pip
Closed trade(s): 34927863 pip Profit
Open trade(s): 62876763 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 152.38219(current price) - 82.51912(open price) = 6986307 pip
9 trade(s) still open, therefore total profit for open trade(s) is 6986307 x 9 = 62876763 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.

DateJune 28, 2020 - 14:37
Currentuptrend
Forecastcontinuation of uptrend

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:

  • While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 174.25200 on 06/21/2020, so more losses minimum to Major Support (135.97025) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 45.

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, 20 Mar 2022
OmiseGO / BIT (OMGBIT) Tue, 15 Mar 2022
OmiseGO / BIT (OMGBIT) Mon, 7 Mar 2022
OmiseGO / BIT (OMGBIT) Sun, 27 Feb 2022
OmiseGO / BIT (OMGBIT) Sun, 20 Feb 2022