Trade Recommendation: OmiseGo

The price bounced from the reversal zone which was formed by the uptrend line and 7.40 support level. Passing through the cloud of Ichimoku indicator gives us a buy signal. DMI supports upward movement and allows trading. Pending orders for buy should be placed at 8.15 level with stop at 7.30 level. Profit targets are 9.25 and 11.00 levels. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Market: OMGUSD
Buy: 8.15
Stop: 7.30
Profit Targets: 9.25 and 11.00

The trading signal is based on Bitfinex chart.

Disclaimer: The analyst does not have investments in OmiseGo.

Featured image courtesy of Shutterstock. 

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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.