Hi dear patrons, hope you are well and welcome to the new update on OMG Network (OMG) token.
On the weekly time frame chart, OMG has formed a bullish harmonic Shark pattern. There is strong support at $2 in the buying zone.
Buying and sell targets:
Buy between $3.05 to $2 (according to max fib of Shark 1.13 is at $0.7762, but we have strong support at $2 therefore we can buy it max at $2)
Sell between: $6.17 to $11.88
Stop loss:
The buying area is too wide therefore I would recommend to use $2 as stop loss because here we have a very strong support.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility up to 490% and a loss possibility is up to 35%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the weekly time frame chart, OMG has formed a bullish harmonic Shark pattern. There is strong support at $2 in the buying zone.
Buying and sell targets:
Buy between $3.05 to $2 (according to max fib of Shark 1.13 is at $0.7762, but we have strong support at $2 therefore we can buy it max at $2)
Sell between: $6.17 to $11.88
Stop loss:
The buying area is too wide therefore I would recommend to use $2 as stop loss because here we have a very strong support.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility up to 490% and a loss possibility is up to 35%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.