This is a short term trade. The price bounces from the support zone formed by SMA50, the uptrend line and 20.00 support level. RSI confirms price reversal. MACD supports upward movement. Pending orders for buy can be placed at 23.20 level. Stop orders should be at 19.50 level. Profit target should be at 26.00 and 30.00 levels.
Been following your charts for a few days now and I just want to say I really like your style of breaking down the TA. I note that the DMI does not support a buy. How much weight do you give to each indicator to give you a valid reason to buy or not? Also, you have Bollinger Bands but rarely refer to them. Hope you dont think im being a dick, just want to genuinely learn from what you're sharing here. I look forward to your posts mate. Keep up the good work and thank you for sharing. (FWIW, I was long from the restest of previous resistance and been HODL since) ;-)
northropgrumman
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I'm in! Let's ride this coin for a while.
BTW Their Plasma network sounds amazing. This thing will fly to top 5 when they release it.
nitinkumar00
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I thin OMG will hit 100 by mid 2018! almost everything is happening this year. Its only bound to moon with every single update and news that comes out! Long hold on this one!
MagicPoopCannon
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lol
tsedee
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@DLavrov I bought OMG, how many days should I hold to see 26 level?
nginx
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@tsedee, Dude what kind of question is this? It all depends on the market. Nobody has a crystal ball. It could shoot to $26 within one hour or could take a few days, nobody can say for sure.
nginx
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It seems a lot of coins have broken out of the downtrend simultaneously today. Cardano seems to have broken out with bullish momentum too. Ripple is still testing the resistance and could break out any moment. Litecoin is in a similar position as well.
Let's just hope BTC can hold it's position or else it's all gonna tank.
Juanchobanano
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@DLavrov Great work! What do you think about further bullish movements?