ORIGIN PROTOCOL - OGN/USDT - Daily - Technical analysis published on 08/30/2021 (GMT)
- 208
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.99 USDT
My targets
1.16 USDT (+4.50%)
1.39 USDT (+24.95%)
My analysis
The bullish trend is currently very strong on ORIGIN PROTOCOL - OGN/USDT. As long as the price remains above the support at 0.99 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.16 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.39 USDT as an objective. Crossing it would then enable buyers to target 1.46 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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 finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORIGIN PROTOCOL - OGN/USDT rating is 1.11 USDT. On the day, this instrument gained +5.71% and was traded between 1.05 USDT and 1.11 USDT over the period. The price is currently at +5.71% from its lowest and 0% from its highest.1.05
1.11
1.11
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ORIGIN PROTOCOL - OGN/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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 | 0.27 | 0.60 | 0.94 | 1.11 | 1.16 | 1.46 | 1.96 |
Change (%) | -75.68% | -45.95% | -15.32% | - | +4.50% | +31.53% | +76.58% |
Change | -0.84 | -0.51 | -0.17 | - | +0.05 | +0.35 | +0.85 |
Level | Minor | Intermediate | Major | - | Intermediate | 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 | 0.95 | 0.99 | 1.02 | 1.06 | 1.09 | 1.13 | 1.16 |
Camarilla | 1.03 | 1.04 | 1.04 | 1.05 | 1.06 | 1.06 | 1.07 |
Woodie | 0.95 | 0.99 | 1.02 | 1.06 | 1.09 | 1.13 | 1.16 |
Fibonacci | 0.99 | 1.02 | 1.03 | 1.06 | 1.09 | 1.10 | 1.13 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.74 | 0.86 | 0.97 | 1.09 | 1.20 | 1.32 | 1.43 |
Camarilla | 1.03 | 1.05 | 1.07 | 1.09 | 1.11 | 1.13 | 1.15 |
Woodie | 0.75 | 0.86 | 0.98 | 1.09 | 1.21 | 1.32 | 1.44 |
Fibonacci | 0.86 | 0.95 | 1.00 | 1.09 | 1.18 | 1.23 | 1.32 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.19 | 0.37 | 0.59 | 0.77 | 0.99 | 1.17 | 1.39 |
Camarilla | 0.69 | 0.73 | 0.76 | 0.80 | 0.84 | 0.87 | 0.91 |
Woodie | 0.20 | 0.38 | 0.60 | 0.78 | 1.00 | 1.18 | 1.40 |
Fibonacci | 0.37 | 0.53 | 0.62 | 0.77 | 0.93 | 1.02 | 1.17 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 55.53 | |
MACD (12,26,9): | 0.0600 | |
Directional Movement: | 8.00 | |
AROON (14): | 28.57 | |
DEMA (21): | 1.10 | |
Parabolic SAR (0,02-0,02-0,2): | 0.95 | |
Elder Ray (13): | 0.02 | |
Super Trend (3,10): | 0.84 | |
Zig ZAG (10): | 1.06 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 56.91 | |
TEMA (21): | 1.11 | |
Williams %R (14): | -47.60 | |
Chande Momentum Oscillator (20): | 0.10 | |
Repulse (5,40,3): | -0.4300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.1300 | |
Courbe Coppock: | 20.32 |
MA7: | 1.07 | |
MA20: | 1.03 | |
MA50: | 0.87 | |
MA100: | 0.84 | |
MAexp7: | 1.07 | |
MAexp20: | 1.02 | |
MAexp50: | 0.93 | |
MAexp100: | 0.93 | |
Price / MA7: | +3.74% | |
Price / MA20: | +7.77% | |
Price / MA50: | +27.59% | |
Price / MA100: | +32.14% | |
Price / MAexp7: | +3.74% | |
Price / MAexp20: | +8.82% | |
Price / MAexp50: | +19.35% | |
Price / MAexp100: | +19.35% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ORIGIN PROTOCOL - OGN/USDT - Daily