OMGBTC POSSIBLE TRADE SETUP:
OMG is currently in the final phase of correction. Indicators are showing some nice bullish signals, meaning we could see trend reversal anytime soon. It formed double bottom patteren and bounced right up to 0.618fib resistance.
Also take a look at beautifull trend channel which is respected from early december 2017! This channel represents very strong area of value. Currently at the bottom of the channel. So, let me ask you-is it better to buy at low levers or at high levels? Low levels, of course!.
Givean all that facts, i believe that OMG has a lot of potential to hit some high targets on MID TERM (up to a month, maybe more).
Short term does also look quite OK, currently at 0.618 fib (strongest fib support) and formed tripple(!) bottom at same area.
Possible trade set up shown on chart.
For short term i suggest you use stop loss given on chart, for mid term I do not believe you need SL, we will keep you updated during the run!
I suggest you play OMG as a MID TERM trade. Stick to our targets. Join our telegram group and follow us on Twitter for updates!
Join our new telegram group for Crypto discussion, we are willing to help with everything crypto related. Doing TA for any requested coins, posting detailed TA and signals, learning other members about TA!
Telegram: t.me/CherokeeTraders
Twitter: twitter.com/CherokeeTrades
OMG is currently in the final phase of correction. Indicators are showing some nice bullish signals, meaning we could see trend reversal anytime soon. It formed double bottom patteren and bounced right up to 0.618fib resistance.
Also take a look at beautifull trend channel which is respected from early december 2017! This channel represents very strong area of value. Currently at the bottom of the channel. So, let me ask you-is it better to buy at low levers or at high levels? Low levels, of course!.
Givean all that facts, i believe that OMG has a lot of potential to hit some high targets on MID TERM (up to a month, maybe more).
Short term does also look quite OK, currently at 0.618 fib (strongest fib support) and formed tripple(!) bottom at same area.
Possible trade set up shown on chart.
For short term i suggest you use stop loss given on chart, for mid term I do not believe you need SL, we will keep you updated during the run!
I suggest you play OMG as a MID TERM trade. Stick to our targets. Join our telegram group and follow us on Twitter for updates!
Join our new telegram group for Crypto discussion, we are willing to help with everything crypto related. Doing TA for any requested coins, posting detailed TA and signals, learning other members about TA!
Telegram: t.me/CherokeeTraders
Twitter: twitter.com/CherokeeTrades
Comment:
LONG - MID TERM TRADE SETUP
