OGNUSDT trade ideas
✳️Origin Protocol [OGN/USDT] on August 08 #OGN $OGN #OGNUSDTOGN reacted very well after hitting the $ 0.25 zone but the current buying pressure is not too strong and this will be the thing you need to be careful about when OGN hits the $ 0.37-0.38 zone.
I think OGN will need more time to break out of the $ 0.37-0.38 zone and towards the $ 0.45 and even $ 0.55 zone this August.
If you want to buy OGN, a good buy zone to buy is $ 0.33-0.34
Deciding lineUnder the 50 MA this become short term bearish. Above the 50 MA it could be a bounce from support.
OGN/USDT | Holding Structure | Support Confluence |Trade Setup Today's analysis – OGN/USDT – Consolidating at daily support as it retraces from the local swing high.
Points to consider:
- Strong Counter-trend
- Daily/Trend Support Confluence
- 21 EMA Visual Guide
- Declining Volume
- Oscillators Below 50
OGN USDT retracing in a strong countertrend from its previous swing high as it reverts to trend support, historically seen to be a key pivotal level.
Price consolidating and respecting trend support as it coincides with daily support putting emphasis on the key level.
Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management.
Volume is steadily tapering off indicating an influx being imminent, likely to coincide with the breakout.
Both the RSI and Stochastics trading below 50; an indication of lacking strength and momentum in the immediate market. Oscillators are likely to neutralise as the trade sets up.
Overall, in my opinion, price needs to hold trend support; a successful S/R flip of the 21 EMA validates a long trade to technical targets above with risk defined below daily support.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
OGNUSDT analysisOGNUSDT is very bullish. However, it has to break an ATH. with Buy 2 and bull signals last week from crypto engineering, I believe this chart has momentum to break it ATH. There is money to be made until it reaches resistence.
OGN/USDT - Long - Potential 12%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: OGN/ USDT
T/F: 1 HOUR
LENGTH: Short
RISK - Low
ENTRY: 3105
TP1: 3332
TP2: 3500
SL: 2844
NOTES:
- Uptrend
- Support Break up candle
- Rejection candle
- Bouncing off RSI trendline
KEY:
BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = Less than 1 week
LONG = Less than 1 month
RISK:
LOW = EG Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles
MEDIUM = EG. Broken support // Trend Reversal // Consolidation
HIGH = EG. Not fully brokend Support // Overly mature uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
OGNUSDT ANALYSISThe candles have been stuck in the Rising Wedge since May 16. Therefore;
- if you have OGN, you should sell it at the resistance level(0.47) and will buy again when they crush the stop line of the rising wedge.
- if you don't have OGN, you should buy it when they crush the stop line of the rising wedge.
And take help at the Robo's signals.
DAY TRADING SIGNAL MIN 2% ENJOY OGNUSDTHello guys another day trading opportunities for over 2% target profit.. enjoy.
Motrader.
Ogn wants to break up. Its very loaded from June 18th explosion.OriginToken made an explosion upwards on June 18th with significant volume. It retraced all the way back. Cheers to those who got it on the bottom. It seems as it still not done going up wards.
OGNUSDTOGNUSDT, the trend has been rising and is about to break the uptrend line above.
-Wait for an open-close candle. If it is above the uptrend line, you can buy it. But if it is below the uptrend line, you can sell some or more because of expecting more decreases.
-There is also another important strategy is 'BUY' at SUPPORT, 'SELL' it at RESISTANCE.
OGNUSDT forming bullish BAT for upto 71% moveHi friends hope you are well and welcome to the new update on Origin protocol. Recently the Origin token has surged more than 311%. In today's post we will try to understand why it is surged and what next can be happened.
Formation of bullish harmonic patterns:
If we watch the daily chart then price action of OGN token 1st formed a bullish Shark pattern and within the potential reversal zone of shark it formed another harmonic bullish BAT pattern. And finally the price action took a powerful bullish divergence from the potential reversal zone of bullish BAT and the potential reversal zone of bullish Shark as well and produced more than 311% rally.
The significance of 25 SMA:
If we place the simple moving average with the time period of 25 on the same daily chart. Then this moving average has a very much significant role in the formation of these harmonic patterns. For example when the price action took first bullish divergence and form the initial leg. Then it retraced up up to 25 simple moving average. And here 25 simple moving average pushed the price action up to form the B to C leg of bullish Shark. If we watch the BAT formation then after initial leg the price action moved on the 25 simple moving average and using the help of 25 simple moving average support it formed the B to C leg. Therefore this time there is a possibility that after this move the 25 SMA will again move up to provide the support to the price action to forming some other harmonic pattern.
More over the 50 SMA is also moving up to form bull cross with 100 SMA that can start another powerful rally.
New harmonic move:
Now if we switch to the small time period 4 hour chart. Then it can be observed that the price action is forming another harmonic BAT pattern. After initial leg the second leg is retraced between 0.382 to 0.50 Fibonacci level this is a first confirmation of bullish BAT. And then the price action has been projected between 0.382 to 0.886 Fib projection of A to B leg. This is the second confirmation of Bat. Now the price action should be retraced between 0.786 to 0.886 Fib retracement level to complete the bullish BAT. We also have the 50 and 100 simple moving averages between the potential reversal zone and the 200 simple moving average below the PRZ level. Therefore it will be difficult for the priceline to break down the potential reversal zone after having such strong supports. However we should set the maximum extent of the potential reversal zone as stop loss because if it will be broken down then it can go for the formation of bullish Crab pattern. As per Fibonacci sequence the potential reversal zone or buying zone and the Fibonacci projection or sell zone are as below:
Buy between: $0.2825 TO $0.2561
Sell between: $0.3454 to $0.4391
So this very short term 4 hour time period chart has the potential to produce up to 71% bullish rally. However if the price action will cross up the 0.786 Fibonacci projection level then price action can produce more big and powerful rally.
Conclusion:
The Origin protocol has strong reasons to continue the bullish move. Because it has upcoming events and it is also forming different harmonic bullish moves very well. However, it is very important to take care of stop loss while buying such bullish asset to minimize the risk investment.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
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Huobi listed OGN last night at 7pm (GMT+8).
The listing started at around 21 cents but now is maintaining at 38 cents.
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Check our twitter page or Huobi website for more information
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Risk Reminder:
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
OGNUSDTAccording to the graph, all signals agree with a current increasing trend so that it is not a good time to buy due to the fact that, it is at the highest level since March 2020.
It is important to make a decision to buy or sell it at this point. Wait until it breaks the horizontal line (or goes through the trend line). If it moves up on the horizontal line, (watch an open-close candle) it is time to buy some or more! If it goes down, keep your eyes on the trend line then decide on it.
OGNUSDT medium term tradeDAILY:
-MACD seems to be ticking down
-RSI also looking to have hit a wall
-VOLUME is very low which is bearish
There are upcoming events for the end of the month.
Looking to buy on the retrace from this up-move in the green area.
Tools
EMA's 8/13/21/55 (scalp)
MA's 10/20/50/100/200 (swing trade)
RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE
STANDARD PIVOTS , CANDLES, TRENDLINES
OGN / USDT Up For Huge GainsOGN is moving on an uptrend and it is about to break the resistance. Buy the break above.
