OGNUSDT
OGN might XplodeTook a risky bet on this one.
I am already long on this one from lows which is up by 10% already.
But here took a levereged long from 0.1422 stopping it if it holds below the area(0.1400).
No TPs right now ill update it later if works out.(expecting higher)
I think if it holds here for little bit more it can go massive so taking risk here is fine for me.
Risk management is very important while trading.
Note: Not a Financial Advice.
OGN/USDT Upward Move from demand zone? 💫 OGN Today analysis💎 Paradisers, observe OGNUSDT as it showcases a notable pattern, indicating an increased probability of an upward movement from the demand zone.
💎#OntologyGas has consistently followed a descending channel pattern, breaking above it to commence an upward trend. Currently, after experiencing rejection from the upper supply level, It is displaying a heightened likelihood of an upward movement from the lower demand zone. With this ongoing potential for upward momentum, NYSE:OGN is set to target the supply level at $.1438.
💎 Additionally, for #OGN traders, stay vigilant for a potential downward move if it breaks below the demand zone at $.1200.
💎 In this dynamic and constantly shifting market landscape, strategic insight and adept decision-making are key. Crafting a well-rounded trading strategy, which includes effective money management and an in-depth understanding of support and resistance levels, is crucial for achieving successful trading outcomes. 🌴💰
OGN SHOWS VOLUME INCREASEThank you for reading this update. Please remember that this is not advice
Depending on our study we see that OGN has a good chance of volume increase.
This update depends on the day trading, the price action can increase in the coming time, and the market will show which targets this coin can increase.
* This updates depending on day trade, and it's possible that we can see an increase, and after that a return since it's crypto.
OGNUSDTOGNUSDT is trading in more like of triangle pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the triangle .
Currently the price is forming a local support around 0.1150 region and a bullish divergence also indicating the buyers are getting ready for some serious move to upside.
Will the bulls take charge again continue for leg higher
Bulls Arrived For Origin Protocol (OGN)Hi dear members, hope you are well and welcome to the new update on Origin Protocol (OGN).
The recent trade signal for OGN:
Before starting the analysis of Origin Protocol, I would like to share with you my most recent trade signal for OGN, which I shared on 14th Sep 2023. That was a harmonic bullish reversal Gartley move, which Origin Protocol formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move.
Formation of huge wedge:
on a 7 days time frame chart, the price line of OGN was moving in a huge falling wedge pattern. The resistance of this move was multi years based, because this resistance was found in the month of April 2021. Now recently in the 4th week of September 2023, OGN has broken out the resistance of this big falling wedge pattern.
Big down channel and key resistance:
While the price and of OGN was moving inside the big falling wedge, at the same time it from Oct 2022, it started farming another down channel on the same weekly time frame chart. Now after the breakout from the big wedge, the priceline is struggling to break the resistance of this channel and a key resistance of $0.20.
Targets:
As OGN token has already broken out if very big falling wedge pattern, therefore, now there is a very high probability that soon it may also break out the next down channel as well. The priceline has already spiked very close to the target of the down channel, which is almost at $0.20, and the final technical target for the breakout from a big wedge pattern is approximately at $3.50.
Conclusion:
Origin Protocol is in down trend since April 2021. Now recently it has broken out a very big falling wedge, and If It also breaks out the down channel then it will be a quite firm confirmation that now this long down trend will be completely changed to the up trend.
OGNUSDT Analysis: What's Next For Original Protocol? 👀 💎OGNUSDT is currently anchored within a demand zone, signaling possible upcoming trajectories.
💎Looking back, OGNUSDT experienced a trendline break, steering it downward. Yet, its resistance at the supply zone coupled with the establishment of an equal low has set the stage for a potential bearish turn.
💎Now, as it finds its footing in the demand zone, a sustained momentum could propel OGNUSDT toward the looming resistance. Conversely, if it slips through this zone, it might find a foundation and embark on a bullish journey from the rising trendline.
💎A pivotal element to monitor is the Bullish OB line, which has consistently offered support. If Origin Protocol dips below this line, a decline to the marked region might be on the horizon.
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OGN OGNUSDT Origin Protocol Long Opportunity Sep 29Signal: Red - Blue -> Green
Context: Green
Bottom Structure Break out
Risk-Reward: 2
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
OGNUSDTOGNUSDT is trading in fine bullish trend and maintaining well the bullish trendline.
Whenever the price retest the bullish trendline buyers are attacking aggressively, which can be seen from pointed arrows on the chart.
Currently the price is retracing to the inclining trendline and again it is being expected that the bulls are ready to attack.
if bulls take the charge this time too the next target could be 0.1100.
OGN ANALYSIS (1D)The ogn seems to be inside a large diametric. We are now in the f wave of this diametric. The f wave has become a contracting triangle. Now we seem to be in wave c of this contraction triangle. Such moves can almost be expected from ogn.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#OGN/USDT IDEANYSE:OGN is facing the main trendline resistance, where the Ichimoku cloud is also acting as resistance. RSI crossover and holding above MA is showing bullish momentum. We've to keep an eye on a solid breakout, which would confirm the continuation of the bullish move.
*** OGN BUY ***
SL: 0.068
TP1: 0.1065
TP2: 0.1213
TP3: 0.146
RR: 1:4.5
DYOR and pleaase manage your risk