DLavrov

OMGUSD: Buy Opportunity

Long
BITFINEX:OMGUSD   OmiseGo
The market has been moving sideways for several months already. We can draw a horizontal price channel between 1.083 and 0.640 levels.

The price reached the bottom, and we got a price reversal signal. RSI confirmed the price reversal. MACD histogram and lines support a possible upward movement. DMI does not confirm the strength of sellers. It gives us a new buy opportunity.

If Bitcoin does not fall, this market will be able to provide good trades.

Entry Price: above 0.775
Stop Level: below 0.640
Profit Level: at 1.000

Risk per trade without leverage must be no more than 10% of the capital.

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