Long
✳️OmiseGO/USDT Analysis (22/12) #OMG $OMG
OMG has just tested MA200 line and it shows quite good buying power as it is the confluence zone of many supports.
OMG is likely to turn up again and initiate a strong uptrend to the 3.75$, 5.25$, and even 7.5$ zones in January 2021.
However, if OMG loses this support, it will fall quickly to 2$ or even 1.5$
📈BUY
-Buy: 2.85-3$.SL B
📉SELL
-Sell: 3.6-3.8$. SL A
-Sell: 5.15-5.4$. SL A
-Sell: 7.5-7.75$. SL A
♻️BACK-UP
-Sell: 2.85-3$ if B. SL A
-Buy: 2-2.1$ if A. SL B
-Sell: 2-2.1$ if B. SL A
-Buy: 1.5-1.6$ if A. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
OMG is likely to turn up again and initiate a strong uptrend to the 3.75$, 5.25$, and even 7.5$ zones in January 2021.
However, if OMG loses this support, it will fall quickly to 2$ or even 1.5$
📈BUY
-Buy: 2.85-3$.SL B
📉SELL
-Sell: 3.6-3.8$. SL A
-Sell: 5.15-5.4$. SL A
-Sell: 7.5-7.75$. SL A
♻️BACK-UP
-Sell: 2.85-3$ if B. SL A
-Buy: 2-2.1$ if A. SL B
-Sell: 2-2.1$ if B. SL A
-Buy: 1.5-1.6$ if A. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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Related publications
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.