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Weekly forecast OmiseGO technical chart
Symbol OMGUSD
Trade Setup

#OMGUSD
Total Profit: -26785 point (-627%)
Closed trade(s): 0 point Profit
Open trade(s): -26785 point Profit

Trade Setup:
We opened 11 BUY trades @ 4.241 based on 'Valley' entry method at 2022-05-04.

Open Profit:
Profit for one BUY trade is 1.806(current price) - 4.241(open price) = -2435 point (-57%)
11 trade(s) still open, therefore total profit for open trade(s) is -2435 (-57%) x 11 = -26785 point (-627%)

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.
DateSeptember 18, 2022 - 10:55
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.590, beginning of uptrend is expected.
  • We make sure when the resistance at 6.250 breaks.
  • If the support at 1.590 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.700 on 09/16/2022, so more gains to resistance(s) 2.115, 2.535, 2.890 and maximum to Major Resistance (6.250) 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. 5.080
  2. 6.250
  3. 7.984
  4. 9.490
  5. 11.199
  6. 12.718
  7. 15.024
  8. 17.523
  9. 20.125
  10. 28.367
Click on the level to view price action history.
Symbol Released Current Forecast
OmiseGO (OMGUSD) Sat, 13 Apr 2024
OmiseGO (OMGUSD) Sat, 6 Apr 2024
OmiseGO (OMGUSD) free Sun, 31 Mar 2024
OmiseGO (OMGUSD) free Sat, 23 Mar 2024
OmiseGO (OMGUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on OMGUSD.