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OGNUSDT forming bullish BAT for upto 71% moveHi friends hope you are well and welcome to the new update on Origin protocol. Recently the Origin token has surged more than 311%. In today's post we will try to understand why it is surged and what next can be happened. Formation of bullish harmonic patterns: If we watch the daily chart then price action of OGN token 1st formed a bullish Shark pattern and within the potential reversal zone of shark it formed another harmonic bullish BAT pattern. And finally the price action took a powerful bullish divergence from the potential reversal zone of bullish BAT and the potential reversal zone of bullish Shark as well and produced more than 311% rally. The significance of 25 SMA: If we place the simple moving average with the time period of 25 on the same daily chart. Then this moving average has a very much significant role in the formation of these harmonic patterns. For example when the price action took first bullish divergence and form the initial leg. Then it retraced up up to 25 simple moving average. And here 25 simple moving average pushed the price action up to form the B to C leg of bullish Shark. If we watch the BAT formation then after initial leg the price action moved on the 25 simple moving average and using the help of 25 simple moving average support it formed the B to C leg. Therefore this time there is a possibility that after this move the 25 SMA will again move up to provide the support to the price action to forming some other harmonic pattern. More over the 50 SMA is also moving up to form bull cross with 100 SMA that can start another powerful rally. New harmonic move: Now if we switch to the small time period 4 hour chart. Then it can be observed that the price action is forming another harmonic BAT pattern. After initial leg the second leg is retraced between 0.382 to 0.50 Fibonacci level this is a first confirmation of bullish BAT. And then the price action has been projected between 0.382 to 0.886 Fib projection of A to B leg. This is the second confirmation of Bat. Now the price action should be retraced between 0.786 to 0.886 Fib retracement level to complete the bullish BAT. We also have the 50 and 100 simple moving averages between the potential reversal zone and the 200 simple moving average below the PRZ level. Therefore it will be difficult for the priceline to break down the potential reversal zone after having such strong supports. However we should set the maximum extent of the potential reversal zone as stop loss because if it will be broken down then it can go for the formation of bullish Crab pattern. As per Fibonacci sequence the potential reversal zone or buying zone and the Fibonacci projection or sell zone are as below: Buy between: $0.2825 TO $0.2561 Sell between: $0.3454 to $0.4391 So this very short term 4 hour time period chart has the potential to produce up to 71% bullish rally. However if the price action will cross up the 0.786 Fibonacci projection level then price action can produce more big and powerful rally. Conclusion: The Origin protocol has strong reasons to continue the bullish move. Because it has upcoming events and it is also forming different harmonic bullish moves very well. However, it is very important to take care of stop loss while buying such bullish asset to minimize the risk investment. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1
📈 Huobi list OGN - Now almost .40 cents!Huobi Welcomes OGN! Huobi listed OGN last night at 7pm (GMT+8). The listing started at around 21 cents but now is maintaining at 38 cents. If you hold OGN you can deposit on Huobi and grab some rewards for being part of our community and holding OGN. Check our twitter page or Huobi website for more information . Risk Reminder: 1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions. 2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
by HuobiGlobal
3
OGNBTC Bearish Update TA#OGNBTC Update: #ogn breakdown Support and Looking Bearish. I can Expect fall down till 2255 Sat. So trade Carefully. but if any candle close above 3700 then I will enter otherwise Wait for 2355 sat. This update posting because you aware and know what happening in trade. If confused then exit market. open trade only when you know where is my Stop loss. Learn and Earn safely. #Trade Carefully. Please like and follow me for latest crypto updates. You like motivate me. Thank you
Short
by CryptoPatel
Origin Protocol Moving Pass Resistance | Potential JumpAbout Origin Protocol Origin’s mission is to enable true peer-to-peer commerce. Using Origin, buyers and sellers can meet and transact directly without any intermediaries. Today, users can buy and sell goods and services on Origin’s flagship marketplace app and partner apps. Marketplace operators can create their own peer-to-peer applications that implement Origin’s open-source standards. The Origin Token (OGN) is an important component of the Origin platform, acting as an incentive mechanism to ensure the health and growth of the network while giving Origin’s users stakes in the network. Here Origin Protocol (OGNBTC) moving above resistance while on a clear uptrend. Even though prices can easily jump, there is also the possibility of a drop, but why? The green and magenta lines behind the last candle are for EMA10 and EMA50. Closing above these levels is a bullish signal. A low volume close though leaves the door open for sudden moves to the opposite side. Here we can look for a close above this level on high volume as a strong bullish signal. Since we also have a strong RSI, it is likely that volume will come in pretty soon and a bullish move will develop. Conditions for change If prices drop and close below 0.00003000, the above signals become invalid. Namaste.
Long
by AlanSantana
3
OGN/BTC Technical Analysis UpdateOGN/BTC now At strong Support Level. now Price is 3460 Satoshi. we can expect bounce from here. if bounce then we can expect 20%-40% expect from here. but if break this Support then we can see bellow 2500 Satoshi. so I opening Small position for long. Entry: 3400-3450 Satoshi. Targets : 4000/4500/4960 Satoshi Stop loss: 3300 Satoshi. but best Stop loss is 3168 Satoshi (risk traders). Please like and follow me for latest crypto updates. Thank you
Long
by CryptoPatel
2