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OGNUSDT

OGN/USDT | Holding Structure | Support Confluence |Trade Setup Today's analysis – OGN/USDT – Consolidating at daily support as it retraces from the local swing high. Points to consider: - Strong Counter-trend - Daily/Trend Support Confluence - 21 EMA Visual Guide - Declining Volume - Oscillators Below 50 OGN USDT retracing in a strong countertrend from its previous swing high as it reverts to trend support, historically seen to be a key pivotal level. Price consolidating and respecting trend support as it coincides with daily support putting emphasis on the key level. Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management. Volume is steadily tapering off indicating an influx being imminent, likely to coincide with the breakout. Both the RSI and Stochastics trading below 50; an indication of lacking strength and momentum in the immediate market. Oscillators are likely to neutralise as the trade sets up. Overall, in my opinion, price needs to hold trend support; a successful S/R flip of the 21 EMA validates a long trade to technical targets above with risk defined below daily support. 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
1
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
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
OGNUSDTAccording to the graph, all signals agree with a current increasing trend so that it is not a good time to buy due to the fact that, it is at the highest level since March 2020. It is important to make a decision to buy or sell it at this point. Wait until it breaks the horizontal line (or goes through the trend line). If it moves up on the horizontal line, (watch an open-close candle) it is time to buy some or more! If it goes down, keep your eyes on the trend line then decide on it.
by Kateder
2
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
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