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Weekly forecast OmiseGO / BIT technical chart
Symbol OMGBIT

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Trade Setup
#OMGBIT
Total Profit: 226911163 pip (2753%)
Closed trade(s): 158832127 pip Profit (1925%)
Open trade(s): 68079036 pip Profit (828%)

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 (12%).
TP2 @ 105.08430 touched at 2020.05.15 with 2256518 pip Profit (27%).
TP3 @ 117.72035 touched at 2020.05.19 with 3520123 pip Profit (43%).
TP4 @ 135.97025 touched at 2020.05.21 with 5345113 pip Profit (65%).
TP5 @ 174.30000 touched at 2020.05.21 with 9178088 pip Profit (111%).
TP6 @ 219.10000 touched at 2020.05.22 with 13658088 pip Profit (166%).
TP7 @ 303.85000 touched at 2020.08.20 with 22133088 pip Profit (268%).
TP8 @ 499.25000 touched at 2020.08.21 with 41673088 pip Profit (505%).
TP9 @ 683.50000 touched at 2020.08.21 with 60098088 pip Profit (728%).
969933 (12%) + 2256518 (27%) + 3520123 (43%) + 5345113 (65%) + 9178088 (111%) + 13658088 (166%) + 22133088 (268%) + 41673088 (505%) + 60098088 (728%) = 158832127 pip (1925%)

Open Profit:
Profit for one trade is 195.98418(current price) - 82.51912(open price) = 11346506 pip (138%)
6 trade(s) still open, therefore total profit for open trade(s) is 11346506 (138%) x 6 = 68079036 pip (828%)

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 174.30000 is broken, we will close open trades.
DateNovember 17, 2020 - 16:55
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 174.30000, resumption of uptrend is expected.
  • We make sure when the resistance at 242.73270 breaks.
  • If the support at 174.30000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 174.30000 is broken.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • A peak is formed in daily chart at 243.83000 on 11/11/2020, so more losses minimum to Major Support (174.30000) 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 36.

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
History
Daily-Trading-Opportunities on OMGBIT.