OGN could be explosive in coming weeksOGN / USDT
We can see the price is starting to wake up from long accumulation phase and multiple bullish patterns could be spotted in my chart :
We can see a breakout on falling wedge, a breakout of I H&S pattern and also a potential massive round pattern
From all of the above and from what i knew about the old behavior of OGN …we can easily say: it could be very explosive in the coming weeks
Best of wishes
Ognbitcoin
Ogn/usdt possible senario( Origin protocol )
Ogn/usdt dropped around 75% from its top in 13 August ..but looks like the bleeding will continue at least short term
Possible senario :
Ogn/usdt trading now at 0.17$
And it faces falling wedge trendline resistance
If it break 0.1550$ below (weak support) and closed below then i think about sell/short position to first key support around 0.1400$
If it breaks also then it will move to second key support around 0.1100-0.1200$
I wont think about buy unless it visit one of key supports then break the falling wedge trendline resistance
Or forming base of support around the second key support and with tight stoploss
Hope this analysis help
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OGN/BTC (Test the 2700 sat Major Support?)BINANCE: OGNBTC
-The market is red, Bitcoin is falling off the cliff
-The downside potential rebuy area is around 2789 sat
-This is a confluence of upward trendline and previous major support
-If Bullish rejection around this area is seen
-This might be a good potential swing point entry
-OGN might retest the key resistance at 4500 sat area
OGN USDT Long Term Analysis (Scrypto Academy)We can see in HTF OGN is completing a long-overdue inverse head cycle and need to touch around $1.10usdt for an MTF full cycle and $2.4 for a full bullish HTF cycle. It will then have a short term consolidation where it creates potentially an inverse right shoulder touching around $1.86 (highly bullish sentiment) or $1.37 (linear to inverse left shoulder support) and we can see $8.5-$10 respectively for new price discovery.
OGN BIG MOVE COMING SOON!OGN is creating higher lows and lower higher >>> Converging or consolidating for the big move ahead on either sides.
1. Daily resistance was broken at 3720 and it went all the way up to test the new resistance at 4533. WIcking past 4533 and gets rejected to retrace back to newly created daily support where candles are right now at 3720.
2. Both the bulls and bears in control, but the candles are at support level but it is testing the support. More times a level is tested, the weaker it becomes.
3. Also, the volume is decreasing at the support level, an indication of weaker support.
4. A large volume will be needed to reject the support and then it could go to test the resistance at 4533.
Right now, wait for large volume and rejection from the support level, if it happens then enter the trade for long.
But, if the volume does not increase then to test 3252 daily support.
Wait for rejection and let the new candle form above the current level.
Trade safe.
Ascending Triangle on OGNHello, Traders!
OGN/BTC is breaking out of a bullish accumulation pattern called ascending triangle and the price already tested the support on a pullback.
It seems to be very bullish and the target is the next important resistance level.
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OGNBTC Technical Overview for Long#OGNBTC Overview:
#OGN Now At good Support Line at 3000 Satoshi ( also psychological Support)
Support 1: 2987 Sat
Support 2: 2333 Satoshi
If any 4 hours candle close bellow support line then I will exit otherwise My Target = Resistance
Resistance : 3723 / 4340 Satoshi
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OGN ANALYSIS (CRITICAL BREAK POINT!)OGN ANALYSIS:
ONG has brought some major attention to it as it had a massive run. OGN is now on the correction and at the most critical point! This is currently a No-Trade-Zone until confirmation is formed on the daily. What that means is this: If the yellow zone breaks down again and drops below, short OGN until we reach the targets of 1800 sats, and lastly 1500 sats. This point, sellers become exhausted and whales will accumulate. If the yellow box holds as support, a reversal green wick candle will occur and provide the confidence of buyers to push to a double top back near 3000 sats. Play this accordingly, look for the confirmation daily wick candle. The main breaking point is about 2400 sats!
Possible long entries (after break down, if it occurs): 1800 and 1500 sats!