First let's see how this OGN on the 1d chart the indicators are bearish, however on the 4h chart it is showing signs of rebound at support 1 on the daily chart.
This may mean that the correction has finished and it is trying to make an uptrend, this time we have 3 resistances to overcome, I would say that it is not a bad idea to try to enter support 1 with a 2x, in the end I just very much doubt we will go down from the entry This pattern of 6d -6bars has been repeated 2 times in a row, this may be the third time it is done.
The daily indicators are bearish for now, you can wait for a confirmation to get on the train.
Use 2x maximum leveraged.
Exchange OGNUSDT 1d Binance
Price: 2.42| 2.36| 2.42
Vol: 8,850,500|26,408,718|40,189,005
ATR: 0.3810
OBV: 1.0 B| 992.2 M| 1.0 B
RSI: 60.82| 59.73| 61.24
MFI: 66.66| 63.46| 63.25
CCI: -12.90| -18.22| 26.31
WR%: -59.13| -73.51| -88.10
ADX: 54.41| 56.76| 59.31
MOM: Bearish Momentum
SMA: Price is Above SMA Bullish
ADI: -DI > +DI Bearish
MACD: Bearish
PSAR: Bearish
Support And Resistance
S: $1.058
S: $1.382
S: $1.663
S: $1.771
S: $1.842
S: $1.961
S: $2.314
S: $2.414
R: $2.505
R: $2.623
R: $2.914
R: $3.083
Volatility is very high
This may mean that the correction has finished and it is trying to make an uptrend, this time we have 3 resistances to overcome, I would say that it is not a bad idea to try to enter support 1 with a 2x, in the end I just very much doubt we will go down from the entry This pattern of 6d -6bars has been repeated 2 times in a row, this may be the third time it is done.
The daily indicators are bearish for now, you can wait for a confirmation to get on the train.
Use 2x maximum leveraged.
Exchange OGNUSDT 1d Binance
Price: 2.42| 2.36| 2.42
Vol: 8,850,500|26,408,718|40,189,005
ATR: 0.3810
OBV: 1.0 B| 992.2 M| 1.0 B
RSI: 60.82| 59.73| 61.24
MFI: 66.66| 63.46| 63.25
CCI: -12.90| -18.22| 26.31
WR%: -59.13| -73.51| -88.10
ADX: 54.41| 56.76| 59.31
MOM: Bearish Momentum
SMA: Price is Above SMA Bullish
ADI: -DI > +DI Bearish
MACD: Bearish
PSAR: Bearish
Support And Resistance
S: $1.058
S: $1.382
S: $1.663
S: $1.771
S: $1.842
S: $1.961
S: $2.314
S: $2.414
R: $2.505
R: $2.623
R: $2.914
R: $3.083
Volatility is very high
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.