TradingView
CoinAndCrypto
Jun 18, 2018 7:40 PM

OmiseGo Go Go! Long

Description

Cycles are a huge part of trading. We are always on the lookout for clear indicators of reversal near the bottom and top of ranges. OMG has seen a clear breakout from near the bottom of it's range. We recommend entering with a tight stop loss due to the current risky position of BTC 4.20% . Make sure you manage your capital - we recommend investing no more than 3% in this trade.

Buy: 9.4

Target 1: 10.29
Target 2: 12.12
Target 3: 14.58
Target 4: 18.4

Stop Loss: 8.3

Comment

We are currently moving sideways across the first main resistance. If BTC manages to breach 6850 expect this coin to move quickly!
Comments
heisginger
@CoinAndCrypto thanks for the analysis. It seems you were stopped out due to BTC, which was always a risk. Will you be refreshing the analysis? Cheers, Chris
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