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Weekly forecast OmiseGO / BIT technical chart
Symbol OMGBIT

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Trade Setup
#OMGBIT
Total Profit: 18691423 pip (190%)
Closed trade(s): 4582955 pip Profit (47%)
Open trade(s): 14108468 pip Profit (143%)

Trade Setup:
We opened 13 BUY trade(s) @ 97.61250 based on 'Valley' entry method at 2021.01.15.

Closed Profit:
TP1 @ 105.08430 touched at 2021.01.17 with 747180 pip Profit (8%).
TP2 @ 135.97025 touched at 2021.02.05 with 3835775 pip Profit (39%).
747180 (8%) + 3835775 (39%) = 4582955 pip (47%)

Open Profit:
Profit for one trade is 110.43838(current price) - 97.61250(open price) = 1282588 pip (13%)
11 trade(s) still open, therefore total profit for open trade(s) is 1282588 (13%) x 11 = 14108468 pip (143%)

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.

DateFebruary 21, 2021 - 20:11
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 168.02000 on 02/14/2021, so more losses to support(s) 105.08430, 92.21845, 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 46.

Take Profits:

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

Symbol Released Current Forecast
OmiseGO / BIT (OMGBIT) new Sun, 11 Apr 2021
OmiseGO / BIT (OMGBIT) free Sun, 4 Apr 2021
OmiseGO / BIT (OMGBIT) Tue, 23 Mar 2021
OmiseGO / BIT (OMGBIT) Thu, 4 Mar 2021
OmiseGO / BIT (OMGBIT) Sun, 21 Feb 2021