Long
OMG that bullish flag! Market is set to go.
Welcome.
Again I will check OMG/BTC opportunity. I see there is forming characteristic setup. The price has started moving in channel, there is bullish pattern also with atleast 50% profit target in mid-short term as very reliable investment. RSI hit the bull mark crossing 70 value and retracing.
Entry: 0,00174 BTC ( NOW )
Stop: 0,00164 BTC (below bull flag and yellow channel)
Profit: 0,00261 BTC
Ethereum tokens are good for gains these days. GNT is under show, I think there is more to come.
Throw some feedback!
Again I will check OMG/BTC opportunity. I see there is forming characteristic setup. The price has started moving in channel, there is bullish pattern also with atleast 50% profit target in mid-short term as very reliable investment. RSI hit the bull mark crossing 70 value and retracing.
Entry: 0,00174 BTC ( NOW )
Stop: 0,00164 BTC (below bull flag and yellow channel)
Profit: 0,00261 BTC
Ethereum tokens are good for gains these days. GNT is under show, I think there is more to come.
Throw some feedback!
Trade active
1 hr chartTrade closed: target reached
upper resistance of yellow channel has been hit. I am selling whole position. +30% in 24hrs is very beatiful trade.Thank You!
Trade active
After 20% slide OMG qualified for correction stage. This is due to bullflag retest, so We could set up beatiful and strong swing trade. I expect that price goes by the yellow channel, but remember that risk increases because of retest bottom line possibility. If You would like to eliminate risk to minimum You should hunt price trailing on the support of the yellow channel. If retesting the bullish flag is enough for You, there my strategy could be followed.Entry: 0.00195-0.002
4 hr chart with the most possible 2 scenarios:
Note
re-entryNote
If You have some spare coins, there could be lucrative entry opportunity. As I wrote earlier, returning to support of the yellow channel is possible. We could observe descending accumulation. Trade closed: stop reached
Trading channel was really obvious, so Market owners decided to sink longers. Of course this is not tough waste, the trade was at low risk level.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.