kingretep

OMG swing trade

Long
kingretep Updated   
BITFINEX:OMGUSD   OmiseGo
With all the latest news I felt quite insecure about leaving funds in tether, so I was looking for a swing trade. It's been a strong week and whilst many coins have already increased significantly, I didn't want to buy at the top. I noticed OMG hasn't increased, but has had early signs of an uptrend continuation - I indicate this where the 50 day MA crosses over the 100 and maintains for several days.

Entered the trade at approx $7.8 with a target in the $12-13 region. I expect to hold for 1-3 weeks on this one, let's see how it goes.
Trade active
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