Global base scenario for OGNUSDT. Weekly chart.1 On the weekly chart, we can see a potential variation of the double bottom pattern usually called "Adam and Eve" (sharp bottom first, following by a gradual accumulation later). Typically, the accumulation occurs 2-3 times longer than the first bottom, so it can be assumed that the market accumulation will continue at least until the end of summer.
2 It is important to follow the global trend line (black line), as well as the moving average MA50 (green line). They are both now at the same level (the moving average is "hugging" the trend line at the moment), this is a strong support.
3 Taking into consideration the fact that, generally, accumulation occurs with low volatility, the width of the accumulation range will depend on the conditions of the whole crypto market, therefore, short-term price dives below the trend line would still provide excellent buying opportunities.
4 After the price breaks the accumulation zone, minimum potential price targets will be - $ 1.44; $ 1.81; $ 2.18 which are perfectly matched with the Fibonacci retracement levels.
Have a nice week everyone!
OGN
OGN - I see potential I was on Binance and OGN caught my attention.
See it already hit resistance on 4H Fib and also the middle Bollinger band but it also is on the list of top coins on Binance.
And I also checked my indicators and also the volumes and I think that after a small correction back to the support area, it can pump back and break this resistance.
Here's the plan: Open your long positions right after the first 4H candle closes above the resistance area and aim for the targets I've shown on the chart.
Current Market Price: $0.8718
Good Luck
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🆓Origin Protocol (OGN) June-18 #OGN $OGNOGN is correcting to the $0.8 zone, if it doesn't lose this zone it will rise back to the $1.2 and $1.8 zone in early July. But if it loses the $0.8 zone it will continue to fall back to the 0.6 zone. $ and this is a very good area to buy OGN
📈BUY
🔴Buy : 0.78-0.82$ if A. SL if B
📉SELL
🔴Sell : 1.17-1.23$. SL if A
🔴Sell : 1.76-1.84$. SL if A
♻️BACK-UP
🔵Sell : 0.78-0.82$ if B. SL if A
🔵Buy : 0.585-0.615$. 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
OGN LONG TRADE 20210616Signals: Red -> Green + Context: Green
ORIGIN PROTOCAL, OGN, OGNUSD , OGNUSDT , CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
OGN at support, Buy Back News announcedOGN is bouncing from the local support and also respecting the uptrend line. OGN breakout the symmetric triangle now trading above it. Origin Protocol team has announced a buyback of $1.3 Million worth of OGN tokens. The team is continuously reducing the liquid supply of the OGN token.
Buy zone: $0.922-$0.925
Target: $1.07 - $1.19 - $1.34 - $1.47 - $1.67 - $1.84 - $1.99 - $2.25 - $2.6
OGN: Origin Protocol LONG Trade 20210530Signals: Red -> Green
OGN, Origin Protocol, OGNUSD, OGNUSDT, OGNUSDTP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
OGN - Amazing breakout!OGN broke out the resistance channel a few days ago with an amazing strength.
Now that I'm looking there will be a good buy opportunity after the price crosses the resistance area.
Open your long positions after the first 4H candle closure above the resistance as shown on chart.
It's powerful for now, and the buy volume is very high.
Don't miss it!
NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck
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