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Weekly forecast OmiseGO / BIT technical chart
Symbol OMGBIT

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Trade Setup
#OMGBIT
Total Profit: 3070621 pip (37%)
Closed trade(s): 3070621 pip Profit (37%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 14 BUY trade(s) @ 83.29827 based on 'Hammer' entry method at 2021.01.03.

Closed Profit:
TP1 @ 92.21845 touched at 2021.01.04 with 892018 pip Profit (11%).
TP2 @ 105.08430 touched at 2021.01.04 with 2178603 pip Profit (26%).
892018 (11%) + 2178603 (26%) = 3070621 pip (37%)

12 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (79.72445 to 70.39250). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (79.72445)
    • Support on 01/08/2020
    • Support on 01/09/2020
    • Support on 01/11/2020
    • Support on 01/14/2020
    • Support on 03/13/2020
    • Support on 04/02/2020
    • Support on 04/03/2020
    • Support on 04/10/2020
    • Support on 04/13/2020
    • Support on 04/14/2020
    • Support on 04/15/2020
    • Support on 04/18/2020
    • Support on 05/04/2020
    • Resistance on 05/08/2020
    • Support on 05/14/2020
    • Support on 12/31/2020
    • Support on 01/04/2021
    • Support on 01/08/2021
    • Support on 01/09/2021
  • Ending of entry zone (70.39250)
    • Support on 05/07/2020
    • Support on 05/08/2020
    • Support on 01/03/2021

DateJanuary 13, 2021 - 20:18
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 70.39250, beginning of uptrend is expected.
  • We make sure when the resistance at 174.30000 breaks.
  • If the support at 70.39250 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 118.40000 on 01/04/2021, so more losses to support(s) 79.72445 and minimum to Major Support (70.39250) 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 38.

Take Profits:

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

Symbol Released Current Forecast
OmiseGO / BIT (OMGBIT) new Thu, 4 Mar 2021
OmiseGO / BIT (OMGBIT) Sun, 21 Feb 2021
OmiseGO / BIT (OMGBIT) Sun, 7 Feb 2021
OmiseGO / BIT (OMGBIT) free Sun, 31 Jan 2021
OmiseGO / BIT (OMGBIT) Wed, 13 Jan 2021