OMG - Elliot Triangle completed - Uptrend about to start
Updated
Dear community,
OMG USD caught our intention due to its sane corrective behavior on top of strong fundamentals on the technology side.
Assumptions:
- Completion of Elliot Wave triangle.
- In last segment of resistance (see Pitchfan)
- Triple bottom within the triangle
-RSI oversold and at bottom
- Great R/R ratio
Stop Loss: $7.6
SL to be readjusted to break even after 1st is achieved and so on.
Target profits:
TP 1 --> $11
TP 2 --> $14
TP 3 --> $17
TP 4 --> $28
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
OMG USD caught our intention due to its sane corrective behavior on top of strong fundamentals on the technology side.
Assumptions:
- Completion of Elliot Wave triangle.
- In last segment of resistance (see Pitchfan)
- Triple bottom within the triangle
-RSI oversold and at bottom
- Great R/R ratio
Stop Loss: $7.6
SL to be readjusted to break even after 1st is achieved and so on.
Target profits:
TP 1 --> $11
TP 2 --> $14
TP 3 --> $17
TP 4 --> $28
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Note
Lowering the buy area to $7.5 Note
Trade active
Heading to the buy area.Further move down from BTC will allow us to scale orders until the $6.4 area
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