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Weekly forecast OmiseGO technical chart
Symbol OMGUSD

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Trade Setup
#OMGUSD
Total Profit: 314418 pip
Closed trade(s): 160902 pip Profit
Open trade(s): 153516 pip Profit

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.
TP2 @ 0.9680 touched at 2020.05.14 with 1958 pip Profit.
TP3 @ 1.0865 touched at 2020.05.19 with 3143 pip Profit.
TP4 @ 1.2890 touched at 2020.05.21 with 5168 pip Profit.
TP5 @ 1.4520 touched at 2020.05.21 with 6798 pip Profit.
TP6 @ 2.4790 touched at 2020.08.16 with 17068 pip Profit.
TP7 @ 3.2285 touched at 2020.08.17 with 24563 pip Profit.
TP8 @ 5.1050 touched at 2020.08.20 with 43328 pip Profit.
TP9 @ 6.6295 touched at 2020.08.21 with 58573 pip Profit.
303 + 1958 + 3143 + 5168 + 6798 + 17068 + 24563 + 43328 + 58573 = 160902 pip

Open Profit:
Profit for one trade is 4.6101(current price) - 0.7722(open price) = 38379 pip
4 trade(s) still open, therefore total profit for open trade(s) is 38379 x 4 = 153516 pip

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 3.229 is broken, we will close open trades.

DateMarch 4, 2021 - 21:21
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 7.960 breaks.
  • If the support at 3.229 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 3.229 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A trough is formed in daily chart at 1.9892 on 12/24/2020, so more gains to resistance(s) 5.1050, 6.6295 and maximum to Major Resistance (7.9595) 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 46.

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