BITTREX:OMGBTC   OmiseGO / Bitcoin
As the price of OmiseGO has begun to steadily increase, a major point to consider is the retracement of the price. Due to this, I have applied a few fibonacci retracement levels that seem to be very relevant at this current price point. Recently bouncing off the 38.2% fib retracement level, OMG is now testing old resistance levels to see if this bullish push is able to continue. In terms of this resistance level , if the current candlestick and (preferrebly) the next close above this resistance level , this would be considered a solid entry point. Even more so if the price is able to surpass its previous high at 0.001844. If the price were to reach this level and reverse due to forming a double top pattern, the bearish targets would be around the 50% fib retracement level, where the most recent push started. This is not marked on the chart due to the slim chance that this will happen. I'm making the assumption that this level will be breached but very gradually due to the great decrease in recent volume . If the price doesn't continue to increase immediately after breaking the mentioned resistance level , the price may reverse and encounter strong support levels at the Leading span A of the ichimoku cloud , the 3/1 Gann fan line and the 61.8% level of the longer term fib retracement. This area is where I expect the most support to lie and be the reason for a bullish reversal that will lead the price to its next (higher) high price.

Important Resistance Levels: 0.001992, 0.001802, 0.001629
Important Support Levels: 0.001409, 0.001122

DISCLAIMER

WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.

CONFLICTS OF INTEREST

GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.

Written by:
Arham Bheda
Senior Research Analyst
--
Sincerely,
Equilibrium Team
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Daftar Keluar