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Origin Protocol / TetherUS

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OGNUSDT trade ideas

OGNUSDT.4HReviewing the OGN/USDT 4-hour chart, we see a well-defined trading range that the asset has been navigating over the recent weeks. This offers a straightforward analysis with distinct levels to monitor for potential trading opportunities. Key Observations: Support and Resistance: The chart features two main horizontal resistance levels, 'R1' at $0.0864 and 'R2' at $0.0945. 'S1' at $0.0751 acts as the primary support, with 'S2' at a lower level not specified on the visible chart. The price is currently moving towards 'R1', suggesting a near-term bullish inclination. Trendlines: There is an ascending trendline ('S1') that has been supporting price action since the start of this pattern. This trendline not only supports prices but also forms an ascending triangle pattern with resistance 'R1', typically a bullish setup in technical analysis. Technical Indicators: Stochastic RSI: This momentum oscillator is currently in the middle range, implying that there is room for the price to either ascend or descend without immediate pressure from being overbought or oversold. MACD: Positioned slightly above the signal line, the MACD provides a mild bullish signal. However, the proximity of the lines and the near-zero histogram values call for caution, as the momentum is not strongly defined. Strategic Approach: Given the ascending triangle pattern and the current positioning of the price near 'R1', my strategy would be to prepare for a potential breakout. A decisive close above 'R1' would likely lead to a test of 'R2', where I might consider taking profits, especially if the price shows exhaustion near this higher resistance level. Conversely, should the price reject at 'R1' and subsequently break below the ascending trendline ('S1'), it would necessitate a reevaluation of the bullish scenario, potentially shifting focus to 'S2' as the next target for support. Conclusion: The OGN/USDT pair presents a bullish setup that could unfold positively if the ascending triangle resolves upward. I would closely monitor the price action at 'R1' and the integrity of the trendline ('S1'). Trading should be approached with a clear risk management strategy, setting stop-loss orders below the trendline to mitigate potential losses from an unexpected downward move. As always, traders should remain vigilant to changes in market conditions that could alter the technical landscape.
Long
by MarsSignals
OGN ANALYSIS (4H)We have a bullish CH on the chart and a strong move on the chart. The structure of OGN has recently become bullish. We have a good support range on the chart. If the price reaches the green range, we will look for buy/long positions. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
OGNUSDT.4HIn the OGN/USDT 4-hour chart, we're seeing a clear ascending trendline indicating upward momentum over time. The chart includes the RSI and MACD indicators, which provide insight into the momentum and potential trend reversals. The RSI is just below 60 at 59.20, which is typically considered bullish, but not excessively so — it's not in the overbought territory (above 70) that might suggest an impending correction. The MACD is almost imperceptibly above the signal line and close to the zero line, suggesting only a slight bullish momentum. The price is currently between the support level (S1) at $0.1967 and the resistance level (R1) at $0.2866. The proximity of the price to R1 suggests that if the price can break and hold above this level, it could move toward the next resistance (R2) at $0.3238. Given the ascending support line and the price's current level, the chart has a bullish look. The support levels below, S2 at $0.1575 and further down S3 at $0.1079, are significant in that a break below the ascending trendline and S1 could signal a potential reversal of the current trend and a test of lower supports. As for a trading strategy, I would look for a confirmation of the breakout above R1 with an increase in volume to enter a long position. Conversely, if the price were to break below the ascending trendline and S1, it would be prudent to consider exiting long positions or potentially taking a short position, with appropriate risk management strategies like stop losses placed just below S1 or the trendline to limit potential losses. The use of further confirmation, such as candlestick patterns or additional indicators, could enhance the robustness of these entry and exit points.
by MarsSignals
✴️ Origin Protocol Rising Channel (145% Short-Term Target)Origin Protocol can be seen clearly moving within a rising channel with a bullish RSI. The last four sessions closed green and the current session is green as well. We have been seeing slow and steady growth since October, a type of bullish consolidation. This type of action can lead to a sudden price jump. When it go slow without much volume yet still rising... The final move is a strong spike as we saw in September and July. The potential target on the chart is based on the short-term. There can be much more long-term. Prepare for a wonderful 2024 and a massive end to the bull-market in 2025. Namaste.
Long
by MasterAnanda
6
Ogn/Usdt Looks Promising For Breakout The OGN/USDT trading pair is showing signs of a potential breakout opportunity. Currently trading beneath a triangle pattern, there is anticipation for an imminent breakout from this formation. In the event of a successful breakout, analysts project a substantial bullish movement ranging between 25-50%. However, it is crucial to exercise caution as this analysis should not be considered as definitive financial advice. Be sure to conduct your own research (DYOR) before making any trading decisions and always wait for confirmation before taking any action.
Long
by Crypto-By-Ghazi
$OGN about to make a 17x move before 1 March 2024? Target: 2.6$Today we are analyzing Origin Protocol. Currently very bullish looking at the chart and have a target of 2.6$ for the upcoming 3 months. That is a 1700%+ move, crazy right? But there is a reason for this crazy thought. There has been some historical developments that are happening right NOW, just before it made a 3000% move in 2021. We are seeing the same things: Since 14 february 2021: Not shown on this chart. The 20 and 50 SMA has crosse the 100 day SMA on the 2D chart. Last time this happened was just before the major spike up. Since 30 july 2022: Not shown on chart. MACD cross on the 10D and still holding positive cross. Last time this happened was 21 january 2021. Another positive indicator that shows a green sign. Since 15 april 2021: The price of OGN has been in an continues downtrend. The triangle as shown on the chart (white lines) shows where the resistances are. Currently it is flirting with a 2.5+ year resistance. We are bound to break out! Since 1 June 2023: The RSI has been in an continues uptrend now nearing RSI above 90+. Look at the pink circles. The last time this happened it move 2900% in 48 days. Since 10 july 2023: Not shown on chart. We see a massive increase of volume, pay attention, volume not price! Even double the volume of what we asaw in the bullrun of 2021 where the price went parabolic. This is a clear sign of accumilation of the smart hands and whales. Slowly, but surely filling their bags before they it gets send. Since 25 nov 2023: Gaussian Channel turned Green on the 4D (!).
Long
by Crypto_Hagu
97
OGN/USDT Keep an eye on the demand area, Potential bounce back!💎 OGN has recently encountered significant developments in the market. There is potential for OGN to retest the demand area around $0.198 before resuming its upward movement and possibly reaching our target area. 💎 The demand area holds significant importance, as a strong bounce from this level could signal continued upward momentum for OGN. 💎 However, if OGN breaks down below the demand area, it would indicate a shift to bearish sentiment. Additionally, if the breakdown extends to the support trendline, it could lead to further downward movement.
by MyCryptoParadise_Nathan
OGN LOOKS BULLISHOGN appears to be completing a very large triangle. It seems that wave D of this triangle is now in its full state. It is expected that it will move towards the targets along with the fluctuation in the coming weeks and months. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark