This time we have something very special for you - OmiseGO (OMG) - an Ethereum based decentralized banking and exchange token. It has been lying on the bottom for a couple of last weeks, but is now showing ambitious signs of recovery.
Pros
* OMG has demonstrated a period of positive price movement until the end of June 2019 backed by an expanding network. * While the token has gained a somewhat doubtful reputation as one of the original ICO unicorns that has reached a $1 billion market capitalization, but was not supported by a real product or comprehensive token utility. * That means the speculation tendencies may preserve in OMG in the nearest future.
Cons
* OMG's utility is still the factor of concern among investors. Fundamental indicators are also vague. * OMG is primarily bought for speculative reasons and, sometimes, for expectations of future value. Thus, the selling pressure is usually heavy here since most traders want to be the first to leave the sinking ship in a hurry.
Trading strategy
* OmiseGO recently shows confident signs of recovery pulling away from the bottom. * Considering that this crypto remains particularly speculative, the new bullish momentum could catch up lots of eager traders to enjoy short-term profit occasion. * MACD bullish divergence strongly support our Long idea.
Thus, we have decided to:
Buy @$0.90-$0.91. Target: double in value = $1.80. Stop-loss: $0.75.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.