Long

OmiseGO (OMG) Top Altcoin (100% Profits Potential)

By AlanSantana
Updated
OmiseGO (OMG) is one of the top altcoins, 20th by marketcap and just bounced recently from oversold on the RSI. Last time that OMG bounced from oversold back in early December 2017, it went on a 4x bull run, that's 400%+ increase in price.

Right now the Altcoins market is moving, positive/up, and OMG just bounced from the oversold line on the RSI. I am seeing a 200% earnings potential (100% profits) by looking at the daily chart.

We need the support of the market, if we want this goal realized. So let's take a look, let's see what we can spot by looking at the charts.

OmiseGO (OMGBTC) 100% Profits Potential Trade by Alan Masters

*** TRADE INSTRUCTIONS

Buy in: 0.00114 - 0.00129

OmiseGO (OMG) Targets by Alan Masters:

(1) 0.00144
(2) 0.00164
(3) 0.00178
(4) 0.00195
(5) 0.00227
(6) 0.00247

Stop loss: 0.00109

Next support:

(1) 0.000980

Capital allocation: 5%

Time: As long as it wants.


*** RESTING IS PART OF THE GAME

You can work, as much as you want.

You can train, every single day.

You can run, for miles long.

You can pray, to do so often is always ok...

But remember that resting is also part of the game.

Namaste.
Comment
OMG managed to close above trend line on the daily chart, yet it still needs more momentum...

snapshot
Comment
Downtrend line now turned support... Good news for our OMG trade: snapshot
Trade active
Trade remains active while we stay above our "next support" on the weekly candle.
alanmastersBeyond Technical AnalysisbinanceBitcoin (Cryptocurrency)bittrexBTCTechnical IndicatorsOMGOMGBTCOMGUSDomisegoTrend Analysis
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