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OGN-BTC

OGNBTC Critical Bounce off Fibonacci and TrendlineToday's analysis centers around a critical question: Is this the bottom for OGNBTC we've been eagerly awaiting? The charts tell a compelling tale as OGNBTC is currently stress-testing the 127.2% Fibonacci support, showcasing a clear bounce off this level. Yesterday's resilience demonstrated a bounce off the simple uptrend trendline, with OGNBTC managing to avoid a daily close below the trendline. However, today brings a twist as the price briefly dipped below, only to find stability thanks to the steadfast support of the 127.2% Fibonacci level. Should this support continue to command respect, a high-probability scenario unfolds—the potential bottoming out of OGNBTC. Envisage a future where we anticipate a nearly 50% surge in OGN price over BTC, marking a significant turnaround in the crypto narrative.
Long
by CryptoPAMM
x10 Potential - Cup+handle and breakout on OGN/BTCMany altcoins have reached their ATH, or are close to doing so since the most recent crypto crash. OGN is still to catch up to the rest of the pack, however this seems like a perfect buying opportunity as multiple patterns are being formed, and as long as BTC continues to push or stay stable, and volume remains stable on OGN, we could see a big push, potentially up to 7-10x return. Cup and handle formed on the 1h and on the daily chart, along with a potential breakout of the triangle. A little more volume may be necessary, however we could see a major push very soon. Using the fib extension, we can set the following take profits: TP1 = 5162 (+47%) - matches perfectly with the previous high wick that reached 5225. TP2 = 6150 (+75%) - matches with the price reached at 6400. TP3 = 20000 (+471%) - ATH . Stop loss = 3000. Please give me advice and potential constructive criticism on my analysis. I would love to hear analysis and the perspective of a more experienced trader, and someone with more experience in technical analysis.
Long
by CryptoGenies
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