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Weekly forecast OmiseGO technical chart
Symbol OMGUSD

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Trade Setup

#OMGUSD
Total Profit: 418374 pip (5419%)
Closed trade(s): 418374 pip Profit (5419%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 13 BUY trade(s) @ 0.7722 based on 'Valley' entry method at 2020.04.29.

Closed Profit:
TP1 @ 0.8025 touched at 2020.04.30 with 303 pip Profit (4%).
TP2 @ 0.9680 touched at 2020.05.14 with 1958 pip Profit (25%).
TP3 @ 1.0865 touched at 2020.05.19 with 3143 pip Profit (41%).
TP4 @ 1.2890 touched at 2020.05.21 with 5168 pip Profit (67%).
TP5 @ 1.4520 touched at 2020.05.21 with 6798 pip Profit (88%).
TP6 @ 2.4790 touched at 2020.08.16 with 17068 pip Profit (221%).
TP7 @ 3.2285 touched at 2020.08.17 with 24563 pip Profit (318%).
TP8 @ 5.1050 touched at 2020.08.20 with 43328 pip Profit (561%).
TP9 @ 6.6295 touched at 2020.08.21 with 58573 pip Profit (759%).
TP10 @ 13.4145 touched at 2021.05.07 with 126423 pip Profit (1637%).
303 (4%) + 1958 (25%) + 3143 (41%) + 5168 (67%) + 6798 (88%) + 17068 (221%) + 24563 (318%) + 43328 (561%) + 58573 (759%) + 126423 (1637%) = 287325 pip (3721%)

Closed Profit:
Profit for one trade is 5.1405(current price) - 0.7722(open price) = 43683 pip (566%)
3 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 43683 (566%) x 3 = 131049 pip (1698%)

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.3125 to 0.3965). 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 (0.3125)
    • Trough on 03/13/2020
    • Support on 03/13/2020
  • Ending of entry zone (0.3965)
    • Support on 03/16/2020

DateMay 29, 2021 - 20:11
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 3.229, resumption of uptrend is expected.
  • We make sure when the resistance at 11.305 breaks.
  • If the support at 3.229 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 7.9835 on 05/27/2021, so more losses to support(s) 5.5610, 5.1050, 4.4240 and minimum to Major Support (3.2285) 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 42.

Take Profits:

  1. 0.8025
  2. 0.9680
  3. 1.0865
  4. 1.2890
  5. 1.4520
  6. 2.4790
  7. 3.2285
  8. 5.1050
  9. 6.6295
  10. 13.4145
  11. 20.7460
  12. 28.3665
Click on the level to view price action history.

Symbol Released Current Forecast
OmiseGO (OMGUSD) free Sat, 23 Mar 2024
OmiseGO (OMGUSD) free Sun, 17 Mar 2024
OmiseGO (OMGUSD) free Sun, 10 Mar 2024
OmiseGO (OMGUSD) free Sun, 3 Mar 2024
OmiseGO (OMGUSD) Sat, 24 Feb 2024