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Weekly forecast OmiseGO technical chart
Symbol OMGUSD
Trade Setup

#OMGUSD
Total Loss: 34584 point (814%)
Closed trade(s): 34584 point Loss

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

Closed Loss:
SL @ 1.097 touched at 2022-11-09 with 34584 point Loss. (814%)
Loss for one BUY trade is 4.241(open price) - 1.097(close price) = 3144 point (74%)
Therefore total loss for trades is 3144 (74%) x 11 = 34584 point (814%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 22, 2022 - 20:23
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.486 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.840 on 11/05/2022, so more losses to support(s) 1.041, 0.313 and more depths 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 35.

Supports and Resistances:

  1. 28.367
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