The right time to determine the direction!

BITFINEX:OMGUSD   OmiseGo / Dollar
Hi, Traders ! Monfex is at your service !

Please find below our Update on OmiseGO (OMG) - an Ethereum based decentralized banking and exchange token.

* OmiseGo is currently ranked 48th largest coin based on its market cap which is around $112 million.
* OmiseGo is one of the few outstanding projects with great potentials. As at the time of writing the coin is currently valued at $0.80 per unit.
* OMG has made its first attempt to recover and pull away from the bottom, reaching $0.95 on the 09Oct'19.
* Currently, the price is wedged between contracting trend-lines, while with the next attempt to break higher, OMG could reach $1.08 - $1.14 level.
* Considering that this crypto is mostly used for speculations, the new bullish momentum could catch up lots of eager traders to enjoy short-term profit occasion.
* MACD bullish divergence is intact and hasn't been discharged yet.

Active trade signal

Buy @$0.75 - $0.80.
Target: $1.08 - $1.14.
Stop-loss: $0.73.

Watch for our Updates to get real-time superior signals!


This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.