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Weekly forecast OmiseGO / BIT technical chart
Symbol OMGBIT

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Trade Setup

#OMGBIT
Total Profit: 74822799 pip (717%)
Closed trade(s): 10183979 pip Profit (97%)
Open trade(s): 64638820 pip Profit (620%)

Trade Setup:
We opened 12 BUY trade(s) @ 104.21523 (day close price) based on 'Valley' at 2021.03.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/O...

Closed Profit:
TP1 @ 135.97025 touched at 2021.03.31 with 3175502 pip Profit (30%).
TP2 @ 174.30000 touched at 2021.04.07 with 7008477 pip Profit (67%).
3175502 (30%) + 7008477 (67%) = 10183979 pip (97%)

Open Profit:
Profit for one trade is 168.85405(current price) - 104.21523(open price) = 6463882 pip (62%)
10 trade(s) still open, therefore total profit for open trade(s) is 6463882 (62%) x 10 = 64638820 pip (620%)

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.

DateMay 4, 2021 - 20:14
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 70.39250, beginning of uptrend is expected.
  • We make sure when the resistance at 193.91645 breaks.
  • If the support at 70.39250 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 114.25400 on 04/23/2021, so more gains to resistance(s) 174.30000 and maximum to Major Resistance (193.91645) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.

Take Profits:

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

Symbol Released Current Forecast
OmiseGO / BIT (OMGBIT) new Sun, 20 Jun 2021
OmiseGO / BIT (OMGBIT) Sun, 13 Jun 2021
OmiseGO / BIT (OMGBIT) Sun, 6 Jun 2021
OmiseGO / BIT (OMGBIT) Sat, 29 May 2021
OmiseGO / BIT (OMGBIT) Sun, 16 May 2021