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Weekly forecast OmiseGO / BIT technical chart
Symbol OMGBIT

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Trade Setup
#OMGBIT
Total Profit: 4582955 pip
Closed trade(s): 4582955 pip Profit
Open trade(s): 0 pip Profit

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.
TP2 @ 135.97025 touched at 2021.02.05 with 3835775 pip Profit.
747180 + 3835775 = 4582955 pip

11 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
    • Support on 01/14/2021
    • Support on 01/15/2021
    • Support on 02/23/2021
  • Ending of entry zone (70.39250)
    • Support on 05/07/2020
    • Support on 05/08/2020
    • Support on 01/03/2021

DateMarch 4, 2021 - 21:17
Currentrange bound
Forecastbeginning of uptrend

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) 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 43.

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) 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