Rectangle Breaks Up the OGN price has remained stable during the past 24 hours. However, at the time of writing, OGN seems to be in good shape after a massive drop down since late 2 week
I am thinking it will bounced up caused by :
1- Rectangle formation on Weekly chart
2- Positive sentiment remain bullish within the last 2 days especially when price reached the the highest price 0.5948 that needs to hold without any daily candle below this level
OGN
OGNUSDT (ORIGIN PROTOCOL) - UPTREND CONTINUATION ANALYSIS 🔎
- OGNUSDT brokeout above the double bottom neckline resistance and hit a swing high.
- Price retraced for a retest of the flip horizontal support (neckline resistance) and the 0.618 fibonacci retracement level.
- There's a relatively high concentration of buyers (buying pressure) at the retest zone.
- The retracement is bounded in a descending channel (bullish flag).
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Breakout above the descending channel's (bullish flag) resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
OGNUSDTThis currency is one of the lovely currencies in the cryptocurrency market because of its wild movement and rising !
As a result, I considered that it's like an inverse head and shoulders pattern in order to if don't break the red line trend we can buy to get a short term 40% profit! don't miss this opportunity and good luck 🤞 ~__^
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Now we have a possible Head and Shoulders pattern with small breakout on ONGUSD.
Previously there was a strong bearish movement and now there is a signal of trend reversal.
There is a breakout and retest is expected.
Follow the chart and look for the retest carefully.
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And always remember: "we don't predict, we react".
OGNUSDT (ORIGIN PROTOCOL) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- OGNUSDT printed a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- The market has been consolidating in a rectangular pattern since the breakout.
- This rectangular consolidation pattern is known as the accumulation phase (0 - 0.786 fibonacci retracement level).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the accumulation phase resistance (0 fibonacci retracement level / R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the accumulation phase support (0.786 fibonacci retracement level / S1).
After partnership with Amazon, Origin Protocol will go parabolicFlag is already forming.
Link to amazon news: aws.amazon.com
OGN- Breaking 106 days of resistance!OGN looking promising for some solid gains in the coming days.
A few hours ago we saw a candle break above a 106 day resistance level.
As BTC continues to tighten as resistance meets support we are looking for a large bullish push on OGN in the coming hours/days.
Potential to break/retest and positive confirmation at retest incl volume push will be a good indication of positive PA.
Looking for that inflow of volume for confirmation of a push North.
As always not financial advice,
Just my thoughts and TA.
Bingaz
OGN- It's been a while! Potentially Breaking?Origin Protocol is currently looking good to break 106 days of resistance.
Whilst it is quite pumped on the daily already, holding above previous resistance may flip OGN to bullish and see some solid gains.
Largely affected by BTC's behaviour over the coming hours/days but worth keeping an eye on it.
-(3 hrs until candle close -at time of writing)
As we know, the markets are currently volatile AF- ( Why most of us here but still... Caution advised on entries)
As always, not financial advice
Just my own thoughts and TA
Bingaz
✳️Origin Protocol/USDT Analysis (21/1) #OGN $OGNThe buying force of OGN is very strong and stable, showing that a large cash flow is pouring into OGN. As long as OGN conquers $0.18 zone, it will be a sign of a very strong uptrend and OGN completely can rise back to the peak of the price above $0.55 in just a short time.
📈BUY
-Buy: 0.175-0.185$ if A. SL if B
-Buy: 0.24-0.25$ if A. SL if B
📉SELL
-Sell: 0.24-0.25$. SL if A
-Sell: 0.40-0.42$. SL if A
-Sell: 0.55-0.57$. SL if A
♻️BACK-UP
-Sell: 0.175-0.185$ if B 0.15$. SL if A
-Buy: 0.1-0.11$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
OGNUSDT AnalysisEngineeringRobo and I are bullish about OGN at the moment.
If you are holding OGN, continue to hold and aim to sell at the 0.1960 resistance level or the downtrend line.
If you are interested in buying, you could buy now as the Buy 4 signal fired very recently. Alternativly, you could buy at the 0.1454 support level.
Whatever level you choose to buy, you should pay closely for EngineeringRobo sell signals!
If you're interested in using EngineeringRobo, DM me!
✳️Origin Protocol/USDT (10/11) View + Trading Plan #OGN $OGN
OGN is rising very strongly and is at the 0.18-0.19$ resistance of the Broadening Falling Wedge pattern so this is the zone we need to watch out.
If OGN closes a 1D candle above this zone, then OGN can completely pump hard to the 0.24$ and 0.28$ zones in the next few days.
But if that doesn't happen, OGN will correct to the 0.14$ zone
📈BUY- LONG
-Buy: 0.13-0.14$, stoploss if B
📉SELL-SHORT
-Sell: 0.18-0.19$, stoploss if A
♻️BACK-UP
-Buy close to 0.18-0.19$ if A, stoploss if B
-Sell: 0.23-0.24$, stoploss if A
-Sell: 0.27-0.28$, stoploss if A
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
✳️Origin Protocol/USDT (16/11) View + Trading Plan #OGN $OGNOGN has successfully consolidated the 0.15-0.16$ zone and is ready to move up in the near days. It is heading to the 0.25$ and 0.4$ zones
📈BUY- LONG
-Buy close to 0.15-0.16$, stoploss if B
📉SELL-SHORT
-Sell: 0.24-0.25$, stoploss if A
-Sell: 0.39-0.04$, stoploss if A
♻️BACK-UP
-Sell close to 0.15-0.16$ if B, stoploss if A
-Buy: 0.1-0.11$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
OGNUSDT AnalysisEngineeringRobo and I are both bullish about OGN at the moment.
There are currently 3 buy signals present and price is just sitting above the 0.1661 support level, so if you are interested in buying OGN, now would be a good time to buy.
Pay close attention for EngineeringRobo sell signals or you can aim to sell at the 0.3155 resistance level.
If you're looking to use EngineeringRobo, DM me!