OGNUSDT trade ideas
OGN 2x to 3x Target Looks like OGN USDT is having a breakout.
A good entry zone would be between 0.72 and 0.75 during the retest of the breakout. However, looking at the momentum, i would recomend to start laddering buys and DCA in as the price drops, if it does drop.
Also note that OGN is a NFT token, and NFTs are popping off lately. And OGN is slacking behind the other tokens.
Expect a 2x to 3x target.
Rectangle Breaks Up the OGN price has remained stable during the past 24 hours. However, at the time of writing, OGN seems to be in good shape after a massive drop down since late 2 week
I am thinking it will bounced up caused by :
1- Rectangle formation on Weekly chart
2- Positive sentiment remain bullish within the last 2 days especially when price reached the the highest price 0.5948 that needs to hold without any daily candle below this level
ognusdt road ro the moonCongratulatulations to all the the ones that bought OGN with us since it was 0.11-0.14 we have made almost 400% since we hold, we are not selling. Amazon parnertship has create a buying pressure which is good for us, NFT’s, OGN buyback, staking and more. My reacumulation entries:
0.5459
0.4809
Short term target: 0.71-0.75
Join us in the road to 1$
OGNThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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OGNUSDT (ORIGIN PROTOCOL) - UPTREND CONTINUATION ANALYSIS 🔎
- OGNUSDT brokeout above the double bottom neckline resistance and hit a swing high.
- Price retraced for a retest of the flip horizontal support (neckline resistance) and the 0.618 fibonacci retracement level.
- There's a relatively high concentration of buyers (buying pressure) at the retest zone.
- The retracement is bounded in a descending channel (bullish flag).
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Breakout above the descending channel's (bullish flag) resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
OGN Ascending Triangle OGN had a momentary breakdown through 50 day MA, but quickly regained composure and continued riding it tightly upward. With a strike on the MACD and a bullish divergence in the RSI, I would be surprised if we don't see a movement towards the upper bound of the ascending triangle. OGN has a small market cap and there is an influx of cash to the space looking for big returns; with the big AWS news already underway, I see positive tailwinds supporting the technicals. Look for a potential breakout in 1-2 weeks
OGNUSDTThis currency is one of the lovely currencies in the cryptocurrency market because of its wild movement and rising !
As a result, I considered that it's like an inverse head and shoulders pattern in order to if don't break the red line trend we can buy to get a short term 40% profit! don't miss this opportunity and good luck 🤞 ~__^
OGNUSDT Daily S/R| Swing High| Volume Influx|Oscillators NeutralEvening Traders,
Todays analysis – OGNUSDT – trading above Daily S/R, confirming it as support increases the probability of a bullish continuation.
Points to consider,
- Price action impulsive
- Daily S/R Support
- Swing High objective
- Volume Influx
- Oscillators Bullish Control Zone
OGNUSDT’s immediate price action is impulsive, trading at a key trade location, confirming an S/R Flip retest allows for a bullish bias.
The Swing High is the current objective, exceeding this level increases the probability of a trend continuation.
There has been a volume influx, indicative of a true break, follow through is needed to sustain momentum.
Both oscillators are trading neutral in their bullish control zones, maintaining these regions are indicative of strength.
Overall, in my opinion, ETHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
OGNUSDT (ORIGIN PROTOCOL) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- OGNUSDT printed a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- The market has been consolidating in a rectangular pattern since the breakout.
- This rectangular consolidation pattern is known as the accumulation phase (0 - 0.786 fibonacci retracement level).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the accumulation phase resistance (0 fibonacci retracement level / R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the accumulation phase support (0.786 fibonacci retracement level / S1).