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Originprotocol

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 Support us by like and comment Good luck
Short
by Babenski
OGN/USDT|Trend Analysis|Bearish Price Action|Key Levels Todays analysis – OGN/USDT – Bouncing after an impulse sell into long-term uptrend support. Points to consider: - Strong downtrend - Bearish short-term PA - Respecting long-term trend support - Oscillators below 50 OGN/USDT is still trading within its immediate downtrend as it bounces after an impulse sell into trend support, a retest of daily resistance is likely. Oscillators are below 50, this indicates weakness in the market as we continue to tread into oversold conditions. PA needs to hold trend support with further consolidation within this region before reclaiming daily S/R and the 50 EMA to restore strength in the market. Failing to hold trend support, price is likely to breakdown to structural support. Overall, in my opinion, a long trade is validated as price reclaims key S/R levels and EMAs. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by Kudiiee
1
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!
Long
by Kudiiee
1
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
2
OGNBTC | Trade Setup | Support Confluence | Trend Continuation OGN BTC Today's analysis – OGNBTC – Continues its upward momentum as it holds support at key level. Points to consider: - Support Confluence (key Level) - .618 Fibonacci retracement - 55 EMA (visual guide) - Low Volume - RSI breaking above 50 - Bullish Stochastics OGN showing signs of trend continuation as price respects daily support in confluence with the .618 Fibonacci retracement. Price respecting the 55 EMA allows for an additional layer of support. Holding above the MA is bullish, supporting the bias for a trend continuation. Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being imminent. RSI breaking above 50 indicates increasing strength in the market. Stochastics projecting up, breaking the 50 level is indicative of increasing momentum in the market. Both oscillators need to range and hold above the 50 level for a bullish continuation. Overall, in my opinion, a long trade is validated with a conservative technical target of local swing high with risk defined below daily support. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
3
OGNBTC | Trade Setup | S/R Flip | Bullish Price Action Today's analysis – OGNBTC – breaking bullish from its immediate downtrend as it reaches its apex. Points to consider: - Daily support respected - S/R flip - 21 EMA (visual guide) - Low Volume - RSI breaking above 50 - Bullish Stochastics OGNBTC has respected daily support upon retest, establishing a higher low (early signs of trend reversal). Local resistance is breached as price breaks bullish from its immediate downtrend. Establishing a body candle close above resistance adds validity to the break and an S/R flip retest of resistance supports a bullish reversal. The 21 EMA will act as a visual guide as the trend develops and price respects the MA assisting in trade management. Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being probable. Volume follow-through is essential to solidify price action and avoid any false breaks. RSI breaking above 50 indicating increasing strength in the market. Stochastics projecting up, breaking the 50 level is indicative of increasing momentum in the market. Both oscillators need to range and hold above the 50 level for a bullish continuation. Overall, in my opinion, a successful break and retest of local resistance with volume follow-through validates a long trade with technical targets above; risk defined (SL) below daily support. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
2
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.
Long
by moon333
1
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by HuobiGlobal
3