OMG/USD Volume Analysis Prediction 2/27/2018
Hi, friends.
OMG coin is stronger than the market (BTC and ETH) for now. We see a clear bullish initiative.
The uptrend will continue its movement. Better way for now is to wait a correction wave to the max volume (P O C) of February and then buy.
Trade recommendation:
Entry point: 19.75 (aggressive) and 17.75 (conservative)
Stop: 16.99
Target1: 22.75
Target2: 23.50
Target3: 24.99
Glossary of terms
OMG coin is stronger than the market (BTC and ETH) for now. We see a clear bullish initiative.
The uptrend will continue its movement. Better way for now is to wait a correction wave to the max volume (P O C) of February and then buy.
Trade recommendation:
Entry point: 19.75 (aggressive) and 17.75 (conservative)
Stop: 16.99
Target1: 22.75
Target2: 23.50
Target3: 24.99
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
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