OGNBTC trade ideas
Possible bottom
Pros
RSI and BSI showing November 5th could be the bottom
MACD also signaling reversal
Cons
Candle pattern of higher highs and higher lows is not clear yet
No break above physiological levels or any key chart levels
I went long at 1000 sats a bit early but calculated choice based on risk reward. My upside target is 1.618 fib level of 7000 sats. With the release of OUSD this project became much more interesting. As attention has been off alt coins and on Bitcoin. That change seems to have gone unnoticed.
Put the brakes onThis chart is limited in data but that being said both of these indicators aren't showing a clear it's turned around yet. Though they do seem to be pointing to that this has the brakes on and won't last much longer. This project has an amazing team. They have also entered the DeFi space while clearly no one was looking. OGN will now be the governance token for OUSD a stable coin that will earn interest while in your wallet. OUSD is created as DAI, USDT, USDC are locked up. Those funds are then put into DeFi protocols by the team. You don't need to be a full time yield farmer or pay the gas fees. You don't really need to know much other then how to buy it and store it in your wallet. The being estimated APY is over 10% and OGN holders will get profits off earnings above 10% that OUSD token holders are getting. OGN will also be governance token for OUSD. Not to mention their already ambitious goal of disrupting the online shopping market.
Not financial advice educational purposes only.
OGN/BTC 12H analysis BINANCE:OGNBTC
Hello everyone.
As we can see :
- Breakout from falling triangle
- Convergence on 12H timeframe
- BBs basis is acting like resistance
- EMA 20 is resistance now
- Bullish crossover on MACD
OGN had a breakout, so WE expect some upward movements..
Also we done some analysis on USDT pair for better vision !
OGN/USDT :
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
OGN/BTCFundamentals are there, solid team who are ex employees of youtube and paypal. they aim to decentralise financial products eliminating middle man fees.
From TA perspective, monthly chart is in a equilibrium pattern which means when bigger timeframes decide to break we could get the next few months of just upward movement. I wont be surprised if we get to see this at 20,000 satoshi/ $2 dollars again. when will this happen? nobody knows! lets pray for the whales to show up and rocket this thing
Origin protocol (OGN) Bulls Aim HigherPrice has been consolidating and holding the same support level for almost a month.
Now was able to broken up that channel and move above simple moving average 10
By this action we can consider bulls slowly taking control
Indicators :
RSI crossing from 50 line and MACD is positive
For more precaution you can wait until price crossing from EMA 50 (Red line)
GOOD LUCK
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