OMG Trade Setup

We have reached a perfect accumulation zone for OMG confirmed my trend channel and fib. I love such moments when you get a valuable coin at a 50% discount!

OMG is one of those coins that I expect to easily reach $100-$150 by the next 12 months.

Here is our next OMG trade:

BUY: (In the yellow accumulation zone between $6.24 - $5.27)
TP1: $10.22
TP2: $12.84
TP3: $15.73
STOP LOSS: $2.95


I expect that we would reach TP1 very soon within the next 2-3 weeks (between the 16th and 25th of November)
TP 3 hopefully in a month, by December 2017.

Good luck :)

Comment:

We have entered the accumulation zone. Current price $6.15!
Will accumulate more and more as we go towards the support line at $5.27 as I expect OMG to breakout in the coming week.

Comment:

30% profit already. Let's see when we will hit T1 :)

Comment:

Since OMG is traded in USD markets, TP1 has moved to $10.00 as this represents the psychological resistance level that is stronger than the resistance $10.22 that is demonstrated in my analysis as TP1.

Once the $10.00 is broken, I expect our journey to TP2 to be a swift one!

Comment:

TP1 target reached $9.98

You can take profit now and buy back at $10.20
If we happen to see the $8.00 again, you can buy

Comment:

Approaching TP2

Comment:

TP2 target reached $12.84

Good buyer support! We will be flying towards TP3.

Comment:

TP3 target reached with a 170% profit on this trade!!

OMG is still quite undervalued imho and it is a solid hold if you plan to invest in it long-term. Good luck and congrats on your profits.

Trade closed: target reached