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OMG Network (OMG) - October 11

BITFINEX:OMGUSD   OmiseGo / Dollar
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If it falls below the downtrend line (5) or the uptrend line (3), it is a short-term Stop Loss.

We must see if we can ascend above the 3.6802 point.

It is possible to touch the 1.1550-2.75 section as a movement to create a new wave, so I think careful trading is necessary.

It remains to be seen if it can rise above the uptrend line (4) and boost expectations for an uptrend.

We believe that the point where we can expect further gains from the trend turnaround is at 5.7047.
Therefore, according to the flow of the chart, I think it is necessary to respond to some degree in the short term with split trading.


(1W chart)
Below the 1.1550 point, I think it is a long-term investment area as the bottom section.
The 1.1550-2.7500 section is a buffer section and a large'U' pattern is completed.
So, at 2.75, I think you must get support and climb to create a new wave.
Due to the nature of the coin market, there can be a lot of decline, so I think you should watch the buffer zone 1.1550-2.75.

As it broke through the 2.75 point, touched the 9.5 point and fell. I think I made a handle with a large'U' pattern.

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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)

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