ORIGIN PROTOCOL - OGN/USDT - Daily - Technical analysis published on 08/30/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.16 USDT
My targets
1.39 USDT (+15.58%)
1.46 USDT (+21.67%)
My analysis
The bullish trend is currently very strong on ORIGIN PROTOCOL - OGN/USDT. As long as the price remains above the support at 1.16 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.39 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.46 USDT as an objective. Crossing it would then enable buyers to target 1.96 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
8.6
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Additional analysis
Quotes
The ORIGIN PROTOCOL - OGN/USDT price is 1.20 USDT. The price has increased by +14.29% since the last closing and was traded between 1.05 USDT and 1.25 USDT over the period. The price is currently at +14.29% from its lowest and -4.00% from its highest.1.05
1.25
1.20
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this ORIGIN PROTOCOL - OGN/USDT chart shows a strongly bullish trend. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.60 | 0.94 | 1.16 | 1.20 | 1.46 | 1.96 | 3.09 |
Change (%) | -50.00% | -21.67% | -3.33% | - | +21.67% | +63.33% | +157.50% |
Change | -0.60 | -0.26 | -0.04 | - | +0.26 | +0.76 | +1.89 |
Level | Intermediate | Major | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 64.18 | |
MACD (12,26,9): | 0.0700 | |
Directional Movement: | 16.09 | |
AROON (14): | 85.71 | |
DEMA (21): | 1.13 | |
Parabolic SAR (0,02-0,02-0,2): | 0.95 | |
Elder Ray (13): | 0.08 | |
Super Trend (3,10): | 0.84 | |
Zig ZAG (10): | 1.21 | |
VORTEX (21): | 1.1100 | |
Stochastique (14,3,5): | 67.31 | |
TEMA (21): | 1.14 | |
Williams %R (14): | -8.93 | |
Chande Momentum Oscillator (20): | 0.26 | |
Repulse (5,40,3): | 15.7300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.1100 | |
Courbe Coppock: | 20.83 |
MA7: | 1.07 | |
MA20: | 1.05 | |
MA50: | 0.88 | |
MA100: | 0.85 | |
MAexp7: | 1.10 | |
MAexp20: | 1.04 | |
MAexp50: | 0.95 | |
MAexp100: | 0.94 | |
Price / MA7: | +12.15% | |
Price / MA20: | +14.29% | |
Price / MA50: | +36.36% | |
Price / MA100: | +41.18% | |
Price / MAexp7: | +9.09% | |
Price / MAexp20: | +15.38% | |
Price / MAexp50: | +26.32% | |
Price / MAexp100: | +27.66% |
Quotes :
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Real time data
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