OGUSDT trade ideas
🔥 OG Falling Wedge After Huge Move: Volatile Break ExpectedOG has been on everyone's mind lately. It gained nearly 450% in under two days, so volatility is certainly here.
I'm looking for a break out of the falling wedge drawn on the chart. Ideally we visit the yellow area once again, see some kind of oversold RSI (15m, 1H) and break out of the pattern.
Targets in blue.
Unleashing the OGOG is a stock with a current price of HKEX:8 , and it has seen a significant increase of 185% in the past 24 hours. This surge in price indicates that there has been a lot of buying activity in the market, possibly due to some positive news or developments surrounding the company.
The RSI (Relative Strength Index) for OG is at 93, which indicates that the stock is currently overbought. An RSI reading above 70 typically signals that a stock is overbought, meaning that it may be due for a correction or consolidation.
Looking at the Fibonacci retracement levels, we can see that the stock has already surpassed the 0 Fibonacci level at 2.898, and the 0.5 Fibonacci level at 2.549. It is now approaching the 1 Fibonacci level at 2.200, which is a key level of support and resistance. If the stock manages to break through this level, it could continue its upward trend, but if it fails to break through, it could signal a reversal and a potential downward trend.
The upper and lower Bollinger bands, along with the middle Bollinger band, provide additional insight into the stock's price movements. The current price of HKEX:8 is above the middle Bollinger band at 3.060, which suggests that the stock is in a bullish phase. However, the upper Bollinger band at 5.669 is a significant level of resistance that the stock will need to break through if it wants to continue its upward trend.
The volume oscillator is currently at +64%, which indicates that there is strong buying pressure in the market. The MACD (Moving Average Convergence Divergence) is at 0.647, which suggests that the stock is in a bullish phase. However, traders should keep an eye on the Stochastic oscillator, which is currently at 77.70, as it is approaching the overbought territory.
Finally, the EMA 50 (Exponential Moving Average) is at 3, which is below the current price of $8. This indicates that the stock is currently in an uptrend and is trading above its short-term moving average.
In conclusion, based on the given information, OG is currently experiencing a significant surge in price and is in a bullish phase. However, traders should exercise caution as the stock is currently overbought and may be due for a correction. Additionally, the stock will need to break through key levels of support and resistance if it wants to continue its upward trend.
OG Fan Token (OG) forming bullish BAT | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of OG Fan Token ( OG ) with US Dollar pair.
Previously we caught a nice pump of OG token as below:
Now on a 4-hr frame, OG is very close to complete the final leg of a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
The Best Time to Buy an AssetThe passing of time often creates one of two things. It can create Wealth or it can create Regret.
For instance…
Many people will say, I wish I bought real estate, crypto, stocks, etc. at certain times…then I’d be rich. We are all pretty good at looking backward and saying, “What if?”.
With Investing, the two most common reasons people miss opportunities are because they aren’t paying attention or aren’t prepared…and usually, it’s both. The best thing to do is:
📌 Get Educated with proper knowledge
📌 Analyze different factors and Research on them
📌 Create a plan/strategy and start working on it
OG Fan Token (OG) formed bullish Gartley for upto 23% pumpHi dear friends, hope you are well and welcome to the new trade setup of OG Fan Token ( OG ) with US Dollar pair.
Previously we caught a nice pump of OG:
Now on a 4-hour time frame, OG has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
OGUSDT | TRADING IN SYMMETRICAL TRIANGLEOGUSDT has been trading in a triangle. The price is converging. Now price is approaching to trendline resistance. We are expecting a bullish breakout above the triangle.
The bulls need to break above the triangle, While bears will be in control below the falling resistance.
Manage your trades accordingly.
OG Fan Token! 2020 trendline is breaking out! Head and Shoulders1 - OG looks very promising on the daily/weekly chart!
2 - As you can see, the main trendline ( falling wedge ) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern.
3 - We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of strength.
4 - The ABC correction has been completed and I think we can retest the previous all-time high or at least a previous swing high.
5- If we take a look at the volume indicator, we can see a massive bullish spike, which is another great sign of strength.
6 - Look at my ideas about interesting altcoins in the related section down below.
7 - For more ideas, please hit "Like" and "Follow"!
OG Fan Token! 2020 trendline is breaking out! Head and Shoulders
OG looks very promising on the daily/weekly chart!
As you can see, the main trendline (falling wedge) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern.
We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of strength.
The ABC correction has been completed and I think we can retest the previous all-time high or at least a previous swing high.
If we take a look at the volume indicator, we can see a massive bullish spike, which is another great sign of strength.
Look at my ideas about interesting altcoins in the related section down below.
For more ideas, please hit "Like" and "Follow"!