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Origin Protocol / TetherUS PERPETUAL CONTRACT

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OGNUSDT.P trade ideas

OGN's Price Surge: Riding the WaveAs the cryptocurrency landscape continuously evolves and expands, the Origin Protocol (OGN) has caught the attention of traders and investors alike with a breathtaking rally. In the past 24 hours, the digital asset has surged by an astounding 61%, establishing its market price at 0.1202. This seismic activity in OGN's price movement has not only turned heads in the market but also ignited a spark of anticipation amongst its followers. Examining the asset through a four-hour timeframe chart provides a fascinating glimpse into its journey. The Fibonacci retracement levels, a crucial tool for predicting potential support and resistance levels, plots a promising path for OGN. It has effortlessly exceeded its first Fibonacci level at 0.0888 and is now ambitiously eyeing the 1.618 level, which stands at 0.0977. This bullish rally doesn't seem to show signs of slowing down, as the Origin Protocol could potentially ascend to the 2.618 level at 0.1121 in the near future. If the bullish momentum persists and the 3.618 level at 0.1265 is breached, the 4.236 level at 0.1354 will be the next goalpost on OGN's upward journey. A glance at the Bollinger Bands reveals that OGN's current trading price is comfortably above the middle band at 0.0815. This middle band could serve as a stronghold of support if the market corrects. The upper band, currently set at 0.1044, has been eclipsed by the recent price movement, reaffirming the strength of the ongoing trend. Meanwhile, the lower band at 0.0585 seems a remote possibility at present. However, the surge has placed OGN in a precarious position, according to the Relative Strength Index (RSI). With a reading of 93, it's apparent that OGN is in an overbought state. History suggests that assets tend to retreat from such lofty RSI levels, indicating the potential for a future price correction. Despite the looming shadow of a potential correction, the volume oscillator presents a rather upbeat picture at 57%. The stochastic index echoes this positivity, with a reading of 86%, indicating a robust bullish sentiment permeating the market. The Moving Average Convergence Divergence (MACD) at 0.0054 further attests to this bullish phase, suggesting the market is currently dominated by buyers. The On-Balance Volume (OBV) presents a final piece to this puzzle. Sitting at an impressive 2.138 billion, the OBV highlights the significant volume flowing into OGN, providing a sturdy foundation for the current bullish phase. While the meteoric rise of OGN has instilled a sense of exhilaration amongst its followers, caution is advised. The overbought conditions, as indicated by the RSI, suggest that the market could be due for a correction. If the bullish sentiment loses steam and the buying volume dwindles, OGN may experience a price pullback. However, if the bullish fervor remains unscathed and the influx of volume is sustained, we could witness OGN painting new highs on the charts. As with all investments, risk management is key. Always remember not to invest more than you're willing to lose and to conduct your research before making any investment decisions. After all, in the volatile world of cryptocurrencies, fortune favors the well-prepared.
by ShawnMCR
5
TRADE OF THE DAY | OGN looking like nice bounce within rangeTRADE OF THE DAY | OGN looking like nice bounce within range |TARGET ON CHART | There has to be a bounce at some point right!? OGN seems to be showing some nice signs with being so heavily oversold and a nice untested weekly pivot the 1:1 take profit falls nicely with both the long term resistance (recent broken suport) along with sitting within the untested weekly pivot. We have a bullish signal flashed for long so we are going to pull the trigger here. There is an incredibly volatile week with fed announcements coming up so just beware that there is going to be some inevitable big movement incoming
Long
by Kryptochristian
8
$OGNflip blue stop below blue target yellow then blue then just maybe yellow again breaking out after the 5th of April 2021 so recon OGN whales have accumulated enough hence should have a decent first impulse on this when the market gives you an opportunity with a better set up do you hodl your fav shit coin or hop off for a bit ??? used to hop around a lot earlier eventually you miss out so trying to keep the balance and also still be in the game by not being too risk averse in the words of buddha ,: attachement is the casue of all suffering ;) approaching 200 ema on the daily for now where we should get a dip cant seem to edit the graph downtrend line not spot on but hey you get the picture...
Long
by CompoundingGain
OGNUSDT needs the breakout!OGNUSDT is testing the descending channel below the static resistance level. A descending channel is a technical analysis pattern that consists of two downward sloping trendlines. The upper trendline represents resistance, while the lower trendline represents support. In this case, the price of OGNUSDT is testing the lower trendline of the descending channel, which indicates a bearish trend. Additionally, the static resistance level indicates an area where sellers are likely to take control of the price, making it difficult for buyers to push the price higher. If the price of OGNUSDT breaks above this level, it could signify a shift in momentum and the potential for a bullish trend. To confirm a bullish trend, traders would need to wait for a breakout from the descending channel that satisfies Plancton's rules. Plancton's rules are a set of technical analysis guidelines that aim to identify high-probability trading opportunities. These rules include looking for strong trends, clear price patterns, and confirmation. In summary, the current situation for OGNUSDT suggests a bearish trend within a descending channel below the static resistance level. Traders should watch for a breakout from the descending channel that satisfies Plancton's rules before entering a long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
8
OGNUSDT wants the breakout?The price of OGNUSDT is currently attempting to create a breakout from a supply area, which is a price range where sellers are more likely to enter the market and sell their assets, causing downward pressure on the price. During its attempts to break out, the price of OGNUSDT has bounced several times on a dynamic support level, which is a price level that moves with the price action over time. This support level has provided a base for the price to rebound and gain new liquidity from a demand zone, which is a price range where buyers are more likely to enter the market and purchase assets, causing upward pressure on the price. As traders, we are now waiting for the price to successfully break out from the supply area and apply Plancton’s rules for a long position, which may include buying OGNUSDT at a predetermined entry price, setting stop loss and take profit levels to manage risk and maximize profits, and monitoring the price action for any signs of a trend reversal or invalidation of our initial analysis. By following these rules, we aim to increase our chances of profiting from the potential uptrend in the price of OGNUSDT. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
Long
by InkyGrip
6
Made own "Mutual Fund" with Altcoins that have > 10X potentialTHIS IS COPY PASTE done earlier today OKAY! Made own "mutual fund" with #crypto #altcoins that can do >10X, if $BTC runs of course, IMO We'll go by PRICE order $BADGER Nov peak = 10x, goes to ath = VERY NICE NICE fully Diluted Still decent volume #defi #yield $BADGER has 19M coins circulating = easy pump - $BNT 2022 peak is not much but ath is 20X Has decent volume Great Fully Diluted Not very hard to be pumped - $DODO Weird name :D Fully Diluted sub 50% Chart best so far, above both avg's, looking to CROSSOVER 2022 high not much but 2021 can be 10x+++ - $OGN chart looks good, trading above both avg's 2022 high not much but ath is 20X Fully diluted is acceptable Buying coming in GOOD VOLUME - $TLM = least fav Horrible tokenomics & still has big circulating supply GOOD Volume, some buys Like chart, above both moving avg's STEADY user base 2021 high = 20x - $WIN LIKE NAME! Weakest chart of all Great Fully Diluted Good volume Honestly, like the name LOL #Launchpad #Oracle
by ROYAL_OAK_INC
1
OGN Catch the dips on Wave 4 to go after .15-17c Wave 5 targetNot financial advice Seems we are currently in a wave 4 correction on the daily with a target of around .09c for a correction.. BTC dominance has tapped 43.50 and I expect it to correct to around 41.50 % as BTC dominate corrects tokens such as OGN should run their wave 5 You can see we are heading straight down on the RSI to find the bottom of this wave 4. Once wave 4 completes and so far that is .09c area I'd be looking at target sell area for wave 5 at .15-.17c Again DYOR Always practice patience #PIK Patience is Key #TLAW Think Like A Whale
Long
by ThinkLikeaWhaleTLAW
1
Origin Protocol ($OGN): Bullish continuation after pullback?Hi everyone! Origin Protocol (OGN) trend is still bearish , but we do not rule out some interesting corrective moves in the near term. If our analysis is correct, it might be interesting to accumulate on corrective swing (ABC) and let Long positions run. Thank you for support and your "Likes" ....we will continue to follow the crypto with updates below! thanks for your attention and please... trade with care! 💖
Long
by TheAnonymousBanker
2