OMG NETWORK - OMG/USDT - 1H - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 0.732156 USDT
My targets
0.720300 USDT (-0.68%)
0.714300 USDT (-1.50%)
My analysis
The bearish basic trend is very strong on OMISEGO - OMG/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.732156 USDT. Crossing the first support at 0.720300 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.714300 USDT as an objective. Crossing it would then enable sellers to target 0.705100 USDT. Caution, a return to above the resistance located at 0.732156 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMISEGO - OMG/USDT price is 0.725200 USDT. On the day, this instrument lost -1.01% with the lowest point at 0.716400 USDT and the highest point at 0.742000 USDT. The deviation from the price is +1.23% for the low point and -2.26% for the high point.0.716400
0.742000
0.725200
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of OMISEGO - OMG/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.705100 | 0.714300 | 0.720300 | 0.725200 | 0.727000 | 0.732156 | 0.744400 |
| Change (%) | -2.77% | -1.50% | -0.68% | - | +0.25% | +0.96% | +2.65% |
| Change | -0.020100 | -0.010900 | -0.004900 | - | +0.001800 | +0.006956 | +0.019200 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.671567 | 0.688333 | 0.710467 | 0.727233 | 0.749367 | 0.766133 | 0.788267 |
| Camarilla | 0.721903 | 0.725468 | 0.729034 | 0.732600 | 0.736166 | 0.739732 | 0.743298 |
| Woodie | 0.674250 | 0.689675 | 0.713150 | 0.728575 | 0.752050 | 0.767475 | 0.790950 |
| Fibonacci | 0.688333 | 0.703193 | 0.712374 | 0.727233 | 0.742093 | 0.751274 | 0.766133 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.655033 | 0.682967 | 0.714733 | 0.742667 | 0.774433 | 0.802367 | 0.834133 |
| Camarilla | 0.730083 | 0.735555 | 0.741028 | 0.746500 | 0.751973 | 0.757445 | 0.762918 |
| Woodie | 0.656950 | 0.683925 | 0.716650 | 0.743625 | 0.776350 | 0.803325 | 0.836050 |
| Fibonacci | 0.682967 | 0.705772 | 0.719861 | 0.742667 | 0.765472 | 0.779561 | 0.802367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.156967 | 0.408133 | 0.587667 | 0.838833 | 1.018367 | 1.269533 | 1.449067 |
| Camarilla | 0.648758 | 0.688238 | 0.727719 | 0.767200 | 0.806681 | 0.846162 | 0.885643 |
| Woodie | 0.121150 | 0.390225 | 0.551850 | 0.820925 | 0.982550 | 1.251625 | 1.413250 |
| Fibonacci | 0.408133 | 0.572661 | 0.674306 | 0.838833 | 1.003361 | 1.105006 | 1.269533 |
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): | 41.94 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -14.798796 | |
| AROON (14): | -42.857140 | |
| DEMA (21): | 0.729984 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.740531 | |
| Elder Ray (13): | -0.008605 | |
| Super Trend (3,10): | 0.738814 | |
| Zig ZAG (10): | 0.724900 | |
| VORTEX (21): | 1.0659 | |
| Stochastique (14,3,5): | 25.10 | |
| TEMA (21): | 0.730601 | |
| Williams %R (14): | -66.02 | |
| Chande Momentum Oscillator (20): | -0.006800 | |
| Repulse (5,40,3): | -0.4918 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0133 | |
| Courbe Coppock: | 0.40 |
| MA7: | 0.737729 | |
| MA20: | 0.749645 | |
| MA50: | 0.870976 | |
| MA100: | 0.899319 | |
| MAexp7: | 0.728930 | |
| MAexp20: | 0.730425 | |
| MAexp50: | 0.732372 | |
| MAexp100: | 0.734942 | |
| Price / MA7: | -1.70% | |
| Price / MA20: | -3.26% | |
| Price / MA50: | -16.74% | |
| Price / MA100: | -19.36% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | -0.98% | |
| Price / MAexp100: | -1.33% |
This member declared not having a position on this financial instrument or a related financial instrument.
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