Those who have been in our trading group since inception knows my attachment to OMG and the way i have studied this chart for some time, one of only a few crypto currencies im actually bullish on long term to deliver fundamentally.
We have been chasing this bottom for literally months and ill post some charts in the comments to show what we where looking at all those months ago.
Picking up bags nice and low we have been trading this for some time in small bursts looking for those impulse moves to sell and add to positions on pull backs.
Well OMG has finally come alive and it deliverying the goods as we move closer to our first major hurdle which is the supply zone at 50000 sats.
We will be using ICHIMOKU on the daily for most of the long term trend to let us know when its due for a solid breather.
Our trading algorithm has been giving us take profit signals and exhaustion in the current up trend and i can see why as we have had a healthy retracement, but im seeing one last push to tap this supply zone in the next week or so.
Currently with a few touches on the 618 with a nice reaction to the touch wicking up with volume and adding to our position once again currently a good 35% in profit after a few swings so we have plenty of room for a buffer to let this push.
we may see some consolidation here for a few days to let the indicators settle down so we will be paying close attention to the 618 holding then watching for the break in trend off the retracement for the next impulse move.
We have been chasing this bottom for literally months and ill post some charts in the comments to show what we where looking at all those months ago.
Picking up bags nice and low we have been trading this for some time in small bursts looking for those impulse moves to sell and add to positions on pull backs.
Well OMG has finally come alive and it deliverying the goods as we move closer to our first major hurdle which is the supply zone at 50000 sats.
We will be using ICHIMOKU on the daily for most of the long term trend to let us know when its due for a solid breather.
Our trading algorithm has been giving us take profit signals and exhaustion in the current up trend and i can see why as we have had a healthy retracement, but im seeing one last push to tap this supply zone in the next week or so.
Currently with a few touches on the 618 with a nice reaction to the touch wicking up with volume and adding to our position once again currently a good 35% in profit after a few swings so we have plenty of room for a buffer to let this push.
we may see some consolidation here for a few days to let the indicators settle down so we will be paying close attention to the 618 holding then watching for the break in trend off the retracement for the next impulse move.
Trade active:
OMG popping off nicely from our buy box once again, 11% over night already and the lag line on the daily has wicked up again.
Still looking at the base and conversion line on the ichimoku to start turning up again but still showing a lot of distance between the 2 so another few days of bullish closes and we should walk up to our next target with ease.
Still looking at the base and conversion line on the ichimoku to start turning up again but still showing a lot of distance between the 2 so another few days of bullish closes and we should walk up to our next target with ease.
Trade active:
TOUCH DOWN!!!
OMG again delivering us the gains on a weekly basis
25% locked in and looking for the next move.
We did have a rejection off that supply level so we need it to either have another run up to crack or at least build some new structure to hopefully get some momentum to bust through, either way we never stop watching OMG>
OMG again delivering us the gains on a weekly basis
25% locked in and looking for the next move.
We did have a rejection off that supply level so we need it to either have another run up to crack or at least build some new structure to hopefully get some momentum to bust through, either way we never stop watching OMG>