OMG/BTC 12H (Binance) Descending channel near break-out
Updated
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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