$OMG Recovered from Bitcoin pump and now its testing ~450sats weekly resistance/EMA200.... Breaking from it would lead to a big movement!.
UCTS buy signal on the 1D ( 35%+ in profit)
Volume increasing consistently
EMA50/100 as support
RSI reaching overbought levels
I have longed OMGUSD for a long time and taking profit at this stage. Looking to short again in the coming push up possibly also create divergence.
PRE-ENTRY OMGUSD SHORT
ENTRY - 2.12$
TARGET - 1.5$
STOP - 2.35$
$OMG update, Looking good..
UCTS Buy signal on the daily (Over 40% in profit.. Amazing week!)
Volume at really high lvls
Crossing over EMA200 or retesting ~450 succesfully is key for continuation
RSI Stoch bullish div
Falling below ascending trendline is a warning!
Those who have been in our trading group since inception knows my attachment to OMG and the way i have studied this chart for some time, one of only a few crypto currencies im actually bullish on long term to deliver fundamentally.
We have been chasing this bottom for literally months and ill post some charts in the comments to show what we where looking at all...
. OMISEGO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
. There is a possibility of temporary retracement to suggested support zone (0.0109 to 0.0094). if so, traders can set orders based on Price Action...
Closed above a decent S/R level on the weekly
Weekly volume + Momentum up
It's squeezing again, not sure how it affects it
I'm not closing 100% of the position on the first target, around 50%-60% that is, and taking profits on the rest of the levels
$OMG Retested breakout from the descending channel & now its trying to break over EMA50.
It also cut the weekly descending trend that has holding price since mid2018.
Volume has been increasing over the last days.RSI rising & MACD about to bullcross.
No signal from UCTS yet. #OMG
We took an entry off this support the other day, although still in a down trend we are optimistic of this retrace turning into a mid term reversal.
I can see a short term supply zone here between the 50-618 retracement from that last drop so imo thats going to be the area of interest to break, if we get indication that we cant push through we will drop our order...
Commodity : OMISEGO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1 Week
Investment in trade : 10% of the total Trading Balance.
Prospective Profit :...