OGUSDT-Pennant PatternA flagpole
A Pennant pattern always begins with a flagpole, which differentiates it from other types of patterns (such as the symmetrical triangle).
The flagpole is the initial strong move preceding the symmetrical triangle.
Price Target with Resistant is mapped on chart around 14$+ if BTC remain in same zone this weekend.
Preferred Entry around 9.50-9.80 with DCA
Partially close and move SL to BE when price cross 10.450$
OGUSDT trade ideas
🔥 OG Falling Wedge Break Out After +400% PumpOG saw a huge move last week where it gained more than 400% in less than two days. Since that time, OG has been steadily selling off and lost over half of its value.
However, OG has been making a falling wedge pattern during that fall. With both BTC and ETH seeing incredible gains, it's in my eyes a matter of time before we get some kind of pump on OG.
We're currently in the process of breaking out of the falling wedge (a bullish reversal pattern). In case we can close the current hourly candle above the pattern's resistance, I'm aiming for the targets in blue.
OG is a highly volatile token at the moment, be aware.
🔥 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