OMG NETWORK - OMG/USDT - 1H - Technical analysis published on 03/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 2.15 USDT
My targets
2.49 USDT (+8.13%)
2.89 USDT (+25.78%)
My analysis
The bullish trend is currently very strong on OMG NETWORK - OMG/USDT. As long as the price remains above the support at 2.15 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.49 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.89 USDT as an objective. Crossing it would then enable buyers to target 3.19 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OMG NETWORK - OMG/USDT rating 2.30 USDT. The price has increased by +58.62% since the last closing and was traded between 1.45 USDT and 2.31 USDT over the period. The price is currently at +58.62% from its lowest and -0.43% from its highest.1.45
2.31
2.30
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OMG NETWORK - OMG/USDT:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of OMG NETWORK - OMG/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.69 | 1.80 | 1.95 | 2.30 | 3.19 | 6.03 | 12.97 |
| Change (%) | -26.52% | -21.74% | -15.22% | - | +38.70% | +162.17% | +463.91% |
| Change | -0.61 | -0.50 | -0.35 | - | +0.89 | +3.73 | +10.67 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.31 | 1.38 | 1.41 | 1.48 | 1.51 | 1.58 | 1.61 |
| Camarilla | 1.42 | 1.43 | 1.44 | 1.45 | 1.46 | 1.47 | 1.48 |
| Woodie | 1.30 | 1.37 | 1.40 | 1.47 | 1.50 | 1.57 | 1.60 |
| Fibonacci | 1.38 | 1.42 | 1.44 | 1.48 | 1.52 | 1.54 | 1.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 1.08 | 1.26 | 1.41 | 1.59 | 1.74 | 1.92 |
| Camarilla | 1.36 | 1.39 | 1.42 | 1.45 | 1.48 | 1.51 | 1.54 |
| Woodie | 0.96 | 1.09 | 1.29 | 1.42 | 1.62 | 1.75 | 1.95 |
| Fibonacci | 1.08 | 1.20 | 1.28 | 1.41 | 1.53 | 1.61 | 1.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 1.01 | 1.41 | 1.75 | 2.15 | 2.49 | 2.89 |
| Camarilla | 1.62 | 1.68 | 1.75 | 1.82 | 1.89 | 1.96 | 2.02 |
| Woodie | 0.71 | 1.03 | 1.45 | 1.77 | 2.19 | 2.51 | 2.93 |
| Fibonacci | 1.01 | 1.29 | 1.46 | 1.75 | 2.03 | 2.20 | 2.49 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 85.97 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 43.18 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 2.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.92 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 1.86 | |
| Zig ZAG (10): | 2.10 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 90.00 | |
| TEMA (21): | 2.09 | |
| Williams %R (14): | -4.33 | |
| Chande Momentum Oscillator (20): | 0.38 | |
| Repulse (5,40,3): | 6.5900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0500 | |
| Courbe Coppock: | 58.40 |
| MA7: | 1.53 | |
| MA20: | 1.50 | |
| MA50: | 1.54 | |
| MA100: | 1.34 | |
| MAexp7: | 2.00 | |
| MAexp20: | 1.84 | |
| MAexp50: | 1.67 | |
| MAexp100: | 1.56 | |
| Price / MA7: | +50.33% | |
| Price / MA20: | +53.33% | |
| Price / MA50: | +49.35% | |
| Price / MA100: | +71.64% | |
| Price / MAexp7: | +14.50% | |
| Price / MAexp20: | +24.46% | |
| Price / MAexp50: | +37.13% | |
| Price / MAexp100: | +46.79% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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