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OMG Network (OMG) - October 24

BITFINEX:OMGUSD   OmiseGo / Dollar
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It rose with support at the uptrend line (3).

We have to see if we can ascend above the 3.6802 point.

A break above the uptrend line (4) is expected to touch the 5.0400 point.

If it falls from the uptrend line (3), it is likely to fall below the 2.75 point, so it is a short-term Stop Loss.

I think the 2.75 point or less is the bottom segment, that is, the mid- to long-term investment area.

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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Comment: (Bitfinex OMGUSD 1D Chart)
It rose from the important point of 2.75.
We must see if we can ascend above the 3.6802 point.
We also have to see if we can break above the long-term uptrend line (4).

If it falls below the 3.0661 point, it is a short-term Stop Loss.
Also, if it falls from the 2.75 point, you need to trade to preserve the profit and loss.
This is the time to pay attention to securing funds for next year.

Comments

well done, nice outlook and review of the OMG,
I'm with you on this one.
Reply
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