OGNUSDT 1WOGN ~ 1W
#OGN This support block is a very good buy spot for now. Buy gradually on this support block with a minimum target of 20%+
Ognusdlong
OGNUSD - 1H - Long with +108% potentialGood Morning everyone,
This week I will be sharing a breakdown of a trade I intend to take with Origin (OGN).
With OGN we currently have a couple of exciting things happening amongst multiple timeframes.
The most recent development on the 1Hr chart is the formation of a Distribution Channel, shown on the chart in yellow.
We also have some longer-term trend lines shown as two white, dashed lines on the chart. These can be interpreted any one of many ways. I see either a symmetrical triangle or long term support and resistance trend lines. Whichever way you see them, price action finally broke the resistance on April 17th.
We've had one retest of this resistance line but I believe we will see another very soon.
This now takes us to our buy range. If you notice, this is the intersection of 3 points that consist of patterns/setups that are still in play (the triangle and the distribution). That is why our buy range is set here.
The chart is pretty self explanatory with one important caveat. If the price breaks through the buy range and continues downward then this trade is invalidated and you should hopefully have a stop loss set somewhere around mine. If the price touches the buy range (where you will open your long) and continues back upward, then we have a valid setup. Either way, your stop needs to be set to the same value.
Our first sell point is what I call a shoe-in, meaning it's an easily obtainable level to ensure I take some profits along the way during trades. I set this level just below the most recent resistance price level. So if our trade plays out like we think it will, then obtaining this take profit level is almost guaranteed.
Our second sell point is similar to the first, but it is set just below the more prominent resistance level of the beginning of the triangle (or longer term resistance trend line for others).
Lastly, our top sell point is the 0.618 Fibonacci Retracement from the 1Week timeframe. We chose this level because OGN has been able to hit this goal multiple times. Always incorporate daily or weekly Fibonacci trends in your potential trade setups for more accurate take profit levels.
Now, the recap for the TL;Dr'ers!
The buy range is 0.4664 - 0.4749.
The stop loss is 0.4302.
1st take profit/sell 25% is 0.6750. (+42% profit)
2nd take profit/sell 25% is 0.8224. (+73%)
3rd take profit/sell the last 50% is 0.9890. (+108%)
Happy hunting, you animals!
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OGNUSDT , Maybe we'll jump ...Hello everyone
According to the chart , we are in near support zone dynamic area , and the price was supported these days and according to the condition of market it can be jump to the target , but we should attention to money management and use stop loss for these trades .
You can buy in this price or you can wait for a little lower price and please at first take signal from the market , like hammer or ascending cover and check the chart in multi time frame then take position and buy some OGN
Follow and share us in every where you can :D :D :D :D :D
Good Luck
Abtin
Origin Protocol 128% Move to $4Updated: 27/04/21
Origin Protocol 128% Move to $4 @ 127.20% Fibonacci level from Buy Zone 1. Since our Buy Script triggered a Buy Signal on the 27th March, Origin Protocol continued to rise for 13 days to an ATH of $3.36, which is just over 280% Gain. OGN has had a healthy retracement bouncing from the 38.20% Fibs from this impulsive move which saw OGN grow from $0.78 to $3.36 in just under 2 weeks. Use Buy Zone to map out your buys. Happy Trading :)
Origin Protocol 128% Move to $4 from Buy Zone 1Origin Protocol 128% Move to $4 @ 127.20% Fibonacci level from Buy Zone 1. Since our Buy Script triggered a Buy Signal on the 27th March, Origin Protocol continued to rise for 13 days to an ATH of $3.36, which is just over 280% Gain. OGN has had a healthy retracement bouncing from the 38.20% Fibs from this impulsive move which saw OGN grow from $0.78 to $3.36 in just under 2 weeks. Use Buy Zone to map out your buys. Happy Trading :)
