Long

OmiseGo Prints Bullish Divergence [OMGBTC](52% PP)

Updated

OmiseGo (OMGBTC) is one of those big altcoins that tend to produce big trading volume on a daily basis.

Right now, OmiseGo is sitting at number 32 on the list of Top Altcoins by Market Cap.

This list is available on CoinMarketCap and now lists over 2116 cryptocurrencies. Less than two years ago it was below 1,000... The market is growing FAST!

Now, back to OMGBTC... Let's take a look at the chart:

We can see that support was broken, purple line sitting at 0.000352, but the price quickly bounced up after that.
We have increasing overall volume.
A break above EMA10.
And bullish divergence showing up on the MACD and RSI.
These signals can support a nice set up for a trade.
REALLY IMPORTANT: These signals are good and can be strong, but know that the market still moves on its own. So the signals can confirm and this become a profitable trade, but they can also breakdown and a loss can be generated from this trade.
So it is a good set up, but still there is risk involved.
Please keep this in mind, before you put your money into any coin.
- Thanks a lot for reading... Here is your trade:
  
  Trade: OmiseGO [OMGBTC]
  
  Buy in: 0.000350 - 0.000370
  
  Targets:
  
  (1) 0.000430
  (2) 0.000450
  (3) 0.000470
  (4) 0.000550
  
  Stop loss: Close weekly candle below 0.000320.
  
  Capital allocation: <10%.
  
  FROM CALM TO LOVE (MEDITATION)
  
  It can become relaxing all of a sudden... From rush to peace.
  You can go from disorder all around, to learning to breathe.
  
  Patience is a tool that you can use to help you win.
  Patience is a tool that you can use to help you grow.
  
  With patience, you can reach the feeling of calm.
  With calmness, you can encounter an eternal moment of love.
  
  That's how meditation works...
  
  You start breathing deeply, and you end up going from calmness to love.
  
  Namaste.

Note

Buy in: 0.000360

Targets:

(1) 0.000430 -Reached 14-Mar. (+19%)
(2) 0.000450 -Next target.
(3) 0.000470
(4) 0.000550

AlanSantana

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