OmiseGO (OMG) After break out symmetrical triangle fail to reach $28 target of this pattern after that creat to us Rectangle channel and move on it the good this we have it from 8.XX and gained good profit at last wave. So what now is Omg ready for a new green wave is ready to create new ATH this year?
This can happen if market back Bullish again but from chart we can see Omg have a good Demand Area At $ 9/6
Omg touch $9.55 "Uptrend" and bounced, really we was wait for $7.75 as the entry but anyway our long trade from 8.XX still active As long Omg still have more to do, and the bullish market will help her to do that
For you if you look to buy $11.5 $10.75 $8.5 this levels is good as buy point for long-term your Stop if Omg close weekly below $6 at this case Omg back under darkness levels Your targets $12 $15.20 $21 Invest more after breakout Rectangle channel Targets $26 $30 Invest more after passed Old ATH Targets $37 $41 $46 Mega_Bullish $53 $66 Invest:5% we ask Allah reconcile and repay
OMG
Omg-Have-a-trip OMG-what-That-mean
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Omg hit $8.85 we set this levels as buy zones if you look to buy For you if you look to buy $11.5 $10.75 $8.5 Trade active from current price 9.19762400 Targets your Stop if Omg close weekly below $6 at this case Omg back under darkness levels Your targets $12 $15.20 $21 Invest more after breakout Rectangle channel Targets $26 $30 Invest more after passed Old ATH 2.54% Targets $37 $41 $46 Mega_Bullish $53 $66 Invest:5% we ask Allah reconcile and repay
we can see bullish DV at daily frame
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OMG Update as we see omg pass buy zone but still at the demand area good area to hold omg for long-term but what if Omg breaks $5.90 and closes below it? first, you need to know that at the major movement you look for confirming break at big frames like weekly/monthly so if Omg Close below this $5.90 will go to darkness $3 $2 but our expect still active to bounce from this demanding area to take a breath our stop is close below $5.90 weekly Notice That current price is good and near darkness good for long-term hold we ask Allah reconcile and repay
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OMG Show Double Bottom Pattern Targets Short Term $8.5 $10.75 $11.5 Mid Term $15.20 $21 Invest more after breakout Rectangle channel Targets $26 $30 Invest more after passed Old ATH 2.54% Targets $37 $41 $46 Mega_Bullish $53 $66 Invest:5% we ask Allah reconcile and repay
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Omg Closed Weekly Below Support at this case we will follow Stop_loss
Yes the price is very cheap but we expect more drop for market read our analysis about btc
So you have this
Turn you trade to Investment and forget it until recovery or take loss
for us we follow plan until then end and our stop was Closed Weekly Below Support at $6 we ask Allah reconcile and repay
GOD Bless you