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OGNUSDT

OGNUSDT , DESCENDING TRIANGLE , WHAT'S NEXT ?Hello Traders! Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! - Checking OGN on 1D time frame chart is trading inside a descending triangle making lower highs while making equals lower lows , local S/R exist on 0.369$ price re-tested this zone suggestion that buying will take price higher from there , we already faced a S&D pattern before ( RALLY DROP RALLY ) , local S/R is acting as a good zone for buyers we might see the price could consolidate before approaching to the next resistance level on 0.5201$ - It will be a trigger if buyers managed to break the upper trendline of the descending triangle , if not sellers will push the price again towards previous local S/R 0.3369$ and even lower towards strong support zone on 0.2000$ which act as an psychological support , meanwhile i will be monitoring BTC performance suggesting that it could trade lower towards 34k -30k levels , taking the Market cap down below. Good Luck Traders.
Long
by Johnny_a88
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! *** Like what you've read? Check back every week for new updates on trade setups, educational lessons, and more! ***
COINBASE:OGNUSDLong
by cache_that_pass
Will OGN continue its uptrend? - Here's the entry levelHere's a quick look at the OGN 2 hr chart. As we can see, the price broke out previously from the bull flag and is now trying push further to the upside. If you didnt catch the immediate breakout form the bull flag, Then the best entry would be when the price breaks above 0.66$ with good amount of volume. Definitely one to keep an eye on! ------------------------------------------- The idea is: Buy when the price breaks above 14.4$ and take profits at the levels shown in the chart. Targets: 1. 0.68$ 2. 0.72$ 3. 0.76$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
OGN BREAKOUT!! READY TO PUMP 230%!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice. Welcome to this OGN/USDT update. Long OGN/USDT Entry range:- CMP and more up to $0.535 Target:- 230% SL:- $0.44 This chart is likely to help you in making better trade decisions if it did consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
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