Trade Recommendation: OmiseGo

This is a short term trade. The price bounces from the support zone formed by SMA50, the uptrend line and 20.00 support level. RSI confirms price reversal. MACD supports upward movement. Pending orders for buy can be placed at 23.20 level. Stop orders should be at 19.50 level. Profit target should be at 26.00 and 30.00 levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: OMGUSD
Buy: 23.20
Stop: 19.50
Profit Targets: 26.00 and 30.00

The trading signal is based on Bitfinex chart.
Disclaimer: The analyst does not have investments in OmiseGo.

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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.