OGNUSD - 1W Oversold, Good Buy Opportunity (Swing)
OGN has been oversold after a big blowoff, currently it's down 70% and the RSI might be looking for a bounce.
A good swing could push the price to the Tenkan/Kijun on the weekly timeframe.
A good swing could push the price to the Tenkan/Kijun on the weekly timeframe.
Note
Dropped more than expected after the Crypto dump a day ago, currently we've bounced from the 50MA on the weekly, which should be a good place to long.I'm expecting the price to push towards the 21EMA and possibly higher within the next few weeks, the sell targets should be around $1.15 and possibly $1.50.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.