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Weekly forecast OmiseGO technical chart
Symbol OMGUSD

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Trade Setup

#OMGUSD
Total Profit: 102707 pip (286%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 102707 pip Profit (286%)

Trade Setup:
We opened 11 BUY trade(s) @ 3.5523 based on 'Valley' entry method at 2021.07.22.

Open Profit:
Profit for one trade is 4.4860(current price) - 3.5523(open price) = 9337 pip (26%)
11 trade(s) still open, therefore total profit for open trade(s) is 9337 (26%) x 11 = 102707 pip (286%)

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.

DateAugust 1, 2021 - 15:18
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 2.9090, beginning of uptrend is expected.
  • We make sure when the resistance at 7.9835 breaks.
  • If the support at 2.9090 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 3.386 on 2021-05-23 and the trough at 2.909 on 2021-06-22, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 3.0390 on 07/20/2021, so more gains to resistance(s) 4.8585, 5.5610, 6.6295 and maximum to Major Resistance (7.9835) 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 64.

Take Profits:

  1. 4.8585
  2. 5.5610
  3. 6.6295
  4. 7.9835
  5. 9.4895
  6. 11.3045
  7. 13.4145
  8. 15.3220
  9. 20.7460
  10. 28.3665
Click on the level to view price action history.

Symbol Released Current Forecast
OmiseGO (OMGUSD) Sun, 12 Sep 2021
OmiseGO (OMGUSD) free Sun, 5 Sep 2021
OmiseGO (OMGUSD) Sat, 28 Aug 2021
OmiseGO (OMGUSD) free Sat, 21 Aug 2021
OmiseGO (OMGUSD) Sat, 14 Aug 2021