Updated
OmiseGO (OMG) -
INTERPRETATION
$BINANCE:OMGBTC is a strong project that continues to show profitable returns. Investors continue to have faith in the project as can be seen by the price gains with every announcement. The next bull run may be 3rd Impulse Wave w/the target to be at least 0.001720 BTC.
*Note: Waves 4 & 5 will be determined once Waves 1-3 has been confirmed with higher confidence.
BUY SIGNALS
-T&K bull cross
-Price-T&K bull cross
-Price-Cloud bull entry & breakout
-Green cloud (buy pressure)
-Fibonacci 0.786 resistance up-cross
CAUTIONS/CONSIDERATIONS
-consider retest of the 0.786 Fib
-RSI at overbought value
-decreasing buy volume
POSITION
entry @ 15900 (target 17200)
$BINANCE:OMGBTC is a strong project that continues to show profitable returns. Investors continue to have faith in the project as can be seen by the price gains with every announcement. The next bull run may be 3rd Impulse Wave w/the target to be at least 0.001720 BTC.
*Note: Waves 4 & 5 will be determined once Waves 1-3 has been confirmed with higher confidence.
BUY SIGNALS
-T&K bull cross
-Price-T&K bull cross
-Price-Cloud bull entry & breakout
-Green cloud (buy pressure)
-Fibonacci 0.786 resistance up-cross
CAUTIONS/CONSIDERATIONS
-consider retest of the 0.786 Fib
-RSI at overbought value
-decreasing buy volume
POSITION
entry @ 15900 (target 17200)
Trade active
INTERPRETATIONPossible completion of Corrective Wave 4 & currently moving along Wave 5. Fibonacci extrapolation shows suspected completion exit target @ ~18800.
POSITION
Closed @ 17000
Re-Entry @ 15500 (target @ ~18800)
Trade closed: stop reached
INTERPRETATIONA different Wave 5 likely established. Possibility of beginning of Corrective Wave. Refer to circle for possible outcome comparison.
POSITION
Closed @ 16000
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.