Originprotocol
OGNUSDT Analysis: Origin Protol before huge PUMP! OGN is under down-trend resistance.
If we manage to break through the resistance wall and confirm it in the support wall, there will be place for bullish movement.
We have Fibonacci levels ahead of us.
There is resistance in every level.
The resistance zones of this coin are perfectly connected with Fibonacci levels.
In order for the bullish movement to continue, the upcoming Fibonacci level will need to be broken through and confirmed as support so that the bullish movement can continue to the next level.
The red line shows us the Point Of Control, this is a fair price area.
When we switch to a lower time frame, the situation is clearer.
Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell.
I will discuss all the essentials with my students today and based on our Price action strategy we will look for a suitable place to enter.
Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade.
🆓Origin Protocol (OGN) Oct-8 #OGN $OGNOGN has important support at 0.9$ zone, it could keep moving up to 1.1$, 1.4$ and 1.8$ zones. But if it loses 0.9$ zone, it will fall down sharply to 0.8$ or even 0.6$ zone in this October.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.9$ zone
🔴Buy : 0.9
🔴Sell : 1.1 - 1.4 - 1.8
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.9$ zone
🔵Sell : 0.9
🔵Buy : 0.8 - 0.6
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
OGNUSDT TECHNICAL ANALYSIS Bollinger signals says, it may lose value more if the candle stay below the line. The candle on the edge of up trend-line and one of the candle already break out the up trend-line. We can see symmetrical triangle over there but I can highly recommend for not trade at the moment. Wait for clear time then start your trade. Also our risk/reward ratio above 2.40 as well. Need to be really careful. If it lose value, it may go down till our support line.
“NFA”
₿ OGNUSDT 1D ₿ : #Buy_Recommendation 🟢As we can see, the price is gathering strength to start a strong rise .
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart. BINANCE:OGNUSDT
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 17.Sep.2021
⚠️(DYOR)
OGN still lagging but looking greatOGNUSDT had the perfect retest on the breakout zone. Now slowly creeping higher and could easily keep pushing. Super clean chart
OGNBTC another massive accumulation zone and the chart is looking super hot. Clearly bottomed out and sellers are exhausted. Once the ATHs get broken the upside could accelerate.
Origin protocol could benefit from the NFT boom and is definitely a coin with huge potential and big backers.
Ascending Triangle / OGNUSDTOGN has formed an ascending triangle, with a support-trendline that holds from early 2021. This could be a good entry point for a potential 2x (nearly).
As for the resistance (in yellow), we can see that it was hit mid March for the first time, it held, then it was broken at the end of March. It then became a support and held in late April, then it was broken mid May. It became once again resistance and held 10 days after in late May.
In the end, we can observe how the 1.50-1.40 range is a the only well-respected price point in the entire chart. I’m expecting a rally from the current price to that target at any time in the next months.
As always, the idea might be invalidated depending on how BTC acts.
Good luck, and stay safe!
Not financial advice.
OGN > Trendline Support > To the Moon?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of OGN.
According to my technical analysis, Origin is following a strict trendline. So, I am long on it.
Origin broke the trendline resistance and after a retest, it following trendline support to go up.
"My analysis is valid until We don't see a breakout from trendline"
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Will Origin fly?Will Origin fly?
Let's wait and see!
Analysis
Uptrend on Weekly Timeframe (+)
Uptrend on Monthly Timeframe (+)
Uptrend on Daily Timeframe (+)
Uptrend on major trendline (+)
Support above 200MA (+)
Support above 20MA (+)
RSI in bullish region (+)
RSI support above 50, might get flipped (*)
Resistance at 50MA (-)
Resistance at 2350 and 2432 sats on daily timeframe (-)
MACD approaching middle line (+)
MACD line above signal line (+)
MACD Momentum is growning but not enough (*)
Volume is also low (-)
Entry Point
Right now the price is supported by the major trendline, 20 and 50 MA. But there is a major resistance at 2350-2432 sats. If the price can break, that will be a good sign, and the retest on the daily support will be a good entry. Early entry before that will be a gamble, if it consolidate for the next 30 days.
Target Points
TP1 at 0.00003426 with 41% gain
TP2 at 0.00004250 with 76% gain
TP3 at 0.00005300 with 120% gain
Conservative TP at 0.0003183 with 30% gain at the next major weekly resistance
Investor
Investment Theme: Polkadot Ecosystem
Investment Horizon: Short Term
Category: E-Commerce, Marketplace, NFT
Origin Protocol is a network that allows market participants to share goods and services in a decentralised manner. The platform is built on Ethereum blockchain and using Interplanetary File System (IPFS) for storage to eliminate the need for middlemen services. So far they launched NFT website for popular artist, but they need to get more traction and good marketing to take the market share from Shopify, which is there direct competitor. One attractive thing about this project is the team, most of them had worked with the silicon valley giants like PayPal, Youtube, Google and Dropbox, which is good.
Price Prediction
Price prediction model keep the circulating supply of Origin token constant at 316,411,833
1.4 Trillion Total Market Cap, 0.02% Share, $0.88
2 Trillion Total Market Cap, 0.03% Share, $1.90, +214.29% Gain
3 Trillion Total Market Cap, 0.04% Share, $3.79, +428.57% Gain
4 Trillion Total Market Cap, 0.05% Share, $6.32, +714.29% Gain
5 Trillion Total Market Cap, 0.05% Share, $7.90, +892.86% Gain
6 Trillion Total Market Cap, 0.05% Share, $9.48, +1,071.43% Gain
7 Trillion Total Market Cap, 0.05% Share, $11.06, +1,250.00% Gain
** I'm a novice trader, and this is part of my studies. So it's strictly not a financial advice.
Feel free to share your thoughts and feedback about my analysis.
Global base scenario for OGNUSDT. Weekly chart.1 On the weekly chart, we can see a potential variation of the double bottom pattern usually called "Adam and Eve" (sharp bottom first, following by a gradual accumulation later). Typically, the accumulation occurs 2-3 times longer than the first bottom, so it can be assumed that the market accumulation will continue at least until the end of summer.
2 It is important to follow the global trend line (black line), as well as the moving average MA50 (green line). They are both now at the same level (the moving average is "hugging" the trend line at the moment), this is a strong support.
3 Taking into consideration the fact that, generally, accumulation occurs with low volatility, the width of the accumulation range will depend on the conditions of the whole crypto market, therefore, short-term price dives below the trend line would still provide excellent buying opportunities.
4 After the price breaks the accumulation zone, minimum potential price targets will be - $ 1.44; $ 1.81; $ 2.18 which are perfectly matched with the Fibonacci retracement levels.
Have a nice week everyone!
🆓Origin Protocol (OGN) June-18 #OGN $OGNOGN is correcting to the $0.8 zone, if it doesn't lose this zone it will rise back to the $1.2 and $1.8 zone in early July. But if it loses the $0.8 zone it will continue to fall back to the 0.6 zone. $ and this is a very good area to buy OGN
📈BUY
🔴Buy : 0.78-0.82$ if A. SL if B
📉SELL
🔴Sell : 1.17-1.23$. SL if A
🔴Sell : 1.76-1.84$. SL if A
♻️BACK-UP
🔵Sell : 0.78-0.82$ if B. SL if A
🔵Buy : 0.585-0.615$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
OGN LONG TRADE 20210616Signals: Red -> Green + Context: Green
ORIGIN PROTOCAL, OGN, OGNUSD , OGNUSDT , CRYPTO,CRYPTOCURRENCY
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.
OGN: Origin Protocol LONG Trade 20210530Signals: Red -> Green
OGN, Origin Protocol, OGNUSD, OGNUSDT, OGNUSDTP, CRYPTO, CRYPTOCURRENCY
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.