UnknownUnicorn1413254

New good OmiseGO setup

Long
BITFINEX:OMGUSD   OmiseGo
In our earlier post about OmiseGo we hitted our first target. But we did get a retest of neckline of the head- & shoulder pattern. Now we have good potential to make a new trade. We will buy in when the price go above our buy-in price of 8.73

Buy @ 8.73
Target 1 @ 9.80
Target 2 @ 10.50
Comment:
There is also a good possibility we go in a neutral zona, as I call it. A zone where buyers and sellers agree on the price. This neutral zone should be between 8.35 and 8.70. We will buy when it hits the 8.73 to confirm the uptrend.


In the ideal scenario, I want to see a whole candle or atleast 75% of the body, outside neutral zone or above the 8.70 price on the 15 min chart. So the uptrend is confirmed.
Comment:
We still stay in the neutral zone. Buy orders are set, let's hope we see a breakout soon.

I like to see something like this:
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