OG usdtIt's in a descending wedge and looks like it's about to break the wedge. I am writing this analysis because the indicator values are very low. If he breaks the wedge, it can hh.
The price pullback of the previous harmonic pattern seems to be over. I have indicated the next possible targets on the chart.
NOTE: It is not investment advice.
OG
OGUSDT🌟OG has been in a long sideway for more than usual and if a chart rests more can jump more (in either side up or down) but we are observing bullish signals from the chart in the last couple of weeks
🌟all those shadows in the chart means the chart have the potential to be filled with investment and goes higher but retails still resist that and that just takes some time for their surrender and the bullish journey will start from there
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🆓OG Fan Token (OG) Aug-23 #OG $OGThe buying is increasing again and OG could rally to the $9 and $11 zones in the next few days. But if it loses the $5.5 zone, it will fall back to the $4.5 zone or even deeper
📈BUY
🔴Buy : 5.85-6.15$
🔴Buy : 5.35-5.65$. SL if B
📉SELL
🔴Sell : 8.8-9.2$. SL if A
🔴Sell : 10.7-11.3$. SL if A
♻️BACK-UP
🔵Sell : 5.35-5.65$ if B. SL if A
🔵Buy : 4.4-4.6$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
OG Super Risk/Reward RatioI just found an interesting token.
OG (token in Binance innovative zone)
Not very clear fundamentals)But very clear technical picture)
There was an impulse and now we are in the correction that has slowed down between 61,8 and 78,6 FIBO
Usually such a structure leeds to one more strong impulse up to 423,6 FIBO - this is almost 6x
And if we trade this with a stop - the ratio is 18
Enjoy the chart if you are brave enough😀
JUVUSDT futureJUV - PSG - OG - ASR and ATM all the tokens CHZ listed to get credit and increases its value is a fail as you can see in the chart all of the supports are gone and nothing is holding the trends way, all signals are bearish and this forecasting goes to every other 4 mentioned above
attention: if you are a football fan that's a great thing but don't invest in something like this for now you can stay tuned and just cash your tokens
OG looking to pump higher.Again being a penny stock we need to understand out risks here with how they can play out. If the bust they bust, you loose a chunk of coin. Now this company is based in Ontario and has multiple locations around the GTA and is finally pulled some great numbers in Q2.
Q2 Financial Results (comparison to quarter ended July 31, 2019):
- Sales increased 29% to $8.1 million from $6.2 million
- Normalized gross profit1 percentage increased to 29.0% from 23.9%
- Gross profit dollars increased 47% to $2.2 million from $1.5 million
- Net loss of $0.01 per share compared to a net loss of $0.03 per share
- EBITDA increased to earnings of $0.4 million from a loss of $-0.4 million
Cash balance: Increased to $0.9 million as compared to $0.2 million as of January 31, 2020.
Further information can be found on their latest press release.
September 29, 2020: Organic Garage Reports Second Quarter Results and a 29% Increase In Sales
www.organicgarage.com