Long
OMG/BTC 12H (Binance) Descending channel near break-out
FA: OMG Network (first developed as OmiseGO) is building the first open-source, community-driven staking pool: OMG Pool (omgpool.org)!
Also, it was listed in pro.coinbase.com last month and that helped a lot about adoption.
TA: Price action has formed a parallel channel and is looking like a bull-flag to me, bigger than the last one!
You could wait for the break-out if you don't like risk, but I'm entering right now.
Current Price= 0.0001698
Buy Entry= 0.0001699 - 0.0001567
Take Profit= 0.0001992 | 0.0002251 | 0.0002693
Stop Loss= 0.0001274
Risk/Reward= 1:1 | 1:1.72 | 1:2.95
Expected Profit= 21.98% | 37.84% | 64.91%
Possible Loss= -21.98%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 480h
Also, it was listed in pro.coinbase.com last month and that helped a lot about adoption.
TA: Price action has formed a parallel channel and is looking like a bull-flag to me, bigger than the last one!
You could wait for the break-out if you don't like risk, but I'm entering right now.
Current Price= 0.0001698
Buy Entry= 0.0001699 - 0.0001567
Take Profit= 0.0001992 | 0.0002251 | 0.0002693
Stop Loss= 0.0001274
Risk/Reward= 1:1 | 1:1.72 | 1:2.95
Expected Profit= 21.98% | 37.84% | 64.91%
Possible Loss= -21.98%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 480h
Trade active
2/3 entries filled and the bull-flag pattern is about to be confirmed.Plus, now you can trade it manually in Isolated Margin up to 3x!
Trade closed: target reached
Last target more than reached with +64.91% (no leverage)
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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.
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.