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Weekly forecast OmiseGO technical chart
Symbol OMGUSD
Trade Setup

#OMGUSD
Total Profit: 518275 pip (1463%)
Closed trade(s): 167605 pip Profit (473%)
Open trade(s): 350670 pip Profit (990%)

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

Closed Profit:
TP1 @ 4.8585 touched at 2021.08.07 with 13062 pip Profit (37%).
TP2 @ 5.5610 touched at 2021.08.13 with 20087 pip Profit (57%).
TP3 @ 6.6295 touched at 2021.08.23 with 30772 pip Profit (87%).
TP4 @ 7.9835 touched at 2021.09.05 with 44312 pip Profit (125%).
TP5 @ 9.4895 touched at 2021.09.06 with 59372 pip Profit (167%).
13062 (37%) + 20087 (57%) + 30772 (87%) + 44312 (125%) + 59372 (167%) = 167605 pip (473%)

Open Profit:
Profit for one trade is 9.3968(current price) - 3.5523(open price) = 58445 pip (165%)
6 trade(s) still open, therefore total profit for open trade(s) is 58445 (165%) x 6 = 350670 pip (990%)

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.
  • If the Midterm level 6.630 is broken, we will close open trades.

DateSeptember 12, 2021 - 17:18
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 6.630 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 6.630 is broken.

Technical analysis:

  • A trough is formed in daily chart at 4.0520 on 08/04/2021, so more gains to resistance(s) 9.4895, 10.3730, 11.3045 and more heights 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 66.

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) new 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
OmiseGO (OMGUSD) Tue, 20 Feb 2024