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OGNBTC

OGN/BTC (Key Support Confirmed?)OGN/BTC -This coin may have found support at previous resistance & support zone -It is now moving up confirmation our new key area to watch is 2400 sat range -If we will look at the bigger picture, we can see a descending triangle -Can we see OGN retest the downward trendline resistance? -Well, there is a possibility as long as the market condition will be in our favor -If you want to enter a position, your ideal stop loss is below the green support -Target is on the chart up to 4000 sat area
by PolarHusk
OGN BIG MOVE COMING SOON!OGN is creating higher lows and lower higher >>> Converging or consolidating for the big move ahead on either sides. 1. Daily resistance was broken at 3720 and it went all the way up to test the new resistance at 4533. WIcking past 4533 and gets rejected to retrace back to newly created daily support where candles are right now at 3720. 2. Both the bulls and bears in control, but the candles are at support level but it is testing the support. More times a level is tested, the weaker it becomes. 3. Also, the volume is decreasing at the support level, an indication of weaker support. 4. A large volume will be needed to reject the support and then it could go to test the resistance at 4533. Right now, wait for large volume and rejection from the support level, if it happens then enter the trade for long. But, if the volume does not increase then to test 3252 daily support. Wait for rejection and let the new candle form above the current level. Trade safe.
by SmartMaxi
3
x10 Potential - Cup+handle and breakout on OGN/BTCMany altcoins have reached their ATH, or are close to doing so since the most recent crypto crash. OGN is still to catch up to the rest of the pack, however this seems like a perfect buying opportunity as multiple patterns are being formed, and as long as BTC continues to push or stay stable, and volume remains stable on OGN, we could see a big push, potentially up to 7-10x return. Cup and handle formed on the 1h and on the daily chart, along with a potential breakout of the triangle. A little more volume may be necessary, however we could see a major push very soon. Using the fib extension, we can set the following take profits: TP1 = 5162 (+47%) - matches perfectly with the previous high wick that reached 5225. TP2 = 6150 (+75%) - matches with the price reached at 6400. TP3 = 20000 (+471%) - ATH . Stop loss = 3000. Please give me advice and potential constructive criticism on my analysis. I would love to hear analysis and the perspective of a more experienced trader, and someone with more experience in technical analysis.
Long
by CryptoGenies
2
OGNBTC | Trade Setup | Support Confluence | Trend Continuation OGN BTC Today's analysis – OGNBTC – Continues its upward momentum as it holds support at key level. Points to consider: - Support Confluence (key Level) - .618 Fibonacci retracement - 55 EMA (visual guide) - Low Volume - RSI breaking above 50 - Bullish Stochastics OGN showing signs of trend continuation as price respects daily support in confluence with the .618 Fibonacci retracement. Price respecting the 55 EMA allows for an additional layer of support. Holding above the MA is bullish, supporting the bias for a trend continuation. Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being imminent. RSI breaking above 50 indicates increasing strength in the market. Stochastics projecting up, breaking the 50 level is indicative of increasing momentum in the market. Both oscillators need to range and hold above the 50 level for a bullish continuation. Overall, in my opinion, a long trade is validated with a conservative technical target of local swing high with risk defined below daily support. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
3
OGNBTC | Trade Setup | S/R Flip | Bullish Price Action Today's analysis – OGNBTC – breaking bullish from its immediate downtrend as it reaches its apex. Points to consider: - Daily support respected - S/R flip - 21 EMA (visual guide) - Low Volume - RSI breaking above 50 - Bullish Stochastics OGNBTC has respected daily support upon retest, establishing a higher low (early signs of trend reversal). Local resistance is breached as price breaks bullish from its immediate downtrend. Establishing a body candle close above resistance adds validity to the break and an S/R flip retest of resistance supports a bullish reversal. The 21 EMA will act as a visual guide as the trend develops and price respects the MA assisting in trade management. Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being probable. Volume follow-through is essential to solidify price action and avoid any false breaks. RSI breaking above 50 indicating increasing strength in the market. Stochastics projecting up, breaking the 50 level is indicative of increasing momentum in the market. Both oscillators need to range and hold above the 50 level for a bullish continuation. Overall, in my opinion, a successful break and retest of local resistance with volume follow-through validates a long trade with technical targets above; risk defined (SL) below daily support. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
2