OMG NETWORK - OMG/USD - Daily - Technical analysis published on 05/07/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 10.40 USD
My targets
14.03 USD (+15.40%)
16.73 USD (+37.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OMG NETWORK - OMG/USD as long as the price remains well above 10.40 USD. The buyers” bullish objective is set at 14.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.73 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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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This analysis was given by cryptout. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OMG NETWORK - OMG/USD rating 12.16 USD. On the day, this instrument lost -7.53% and was traded between 12.01 USD and 15.36 USD over the period. The price is currently at +1.25% from its lowest and -20.83% from its highest.12.01
15.36
12.16
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of OMG NETWORK - OMG/USD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.70 | 9.32 | 10.40 | 12.16 |
| Change (%) | -36.68% | -23.36% | -14.47% | - |
| Change | -4.46 | -2.84 | -1.76 | - |
| Level | Major | Intermediate | Major | - |
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 | 7.10 | 8.35 | 10.75 | 12.00 | 14.40 | 15.65 | 18.05 |
| Camarilla | 12.15 | 12.48 | 12.82 | 13.15 | 13.49 | 13.82 | 14.15 |
| Woodie | 7.68 | 8.64 | 11.33 | 12.29 | 14.98 | 15.94 | 18.63 |
| Fibonacci | 8.35 | 9.74 | 10.61 | 12.00 | 13.39 | 14.26 | 15.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.12 | 4.95 | 6.56 | 7.39 | 9.00 | 9.83 | 11.44 |
| Camarilla | 7.49 | 7.71 | 7.94 | 8.16 | 8.38 | 8.61 | 8.83 |
| Woodie | 4.50 | 5.15 | 6.94 | 7.59 | 9.38 | 10.03 | 11.82 |
| Fibonacci | 4.95 | 5.89 | 6.46 | 7.39 | 8.33 | 8.90 | 9.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.79 | 2.35 | 5.05 | 8.19 | 10.89 | 14.03 | 16.73 |
| Camarilla | 6.13 | 6.67 | 7.21 | 7.74 | 8.28 | 8.81 | 9.35 |
| Woodie | -1.02 | 2.24 | 4.82 | 8.08 | 10.66 | 13.92 | 16.50 |
| Fibonacci | 2.35 | 4.58 | 5.96 | 8.19 | 10.42 | 11.80 | 14.03 |
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): | 68.38 | |
| MACD (12,26,9): | 0.8400 | |
| Directional Movement: | 32.86 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 9.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.58 | |
| Elder Ray (13): | 4.25 | |
| Super Trend (3,10): | 8.83 | |
| Zig ZAG (10): | 12.23 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 85.64 | |
| TEMA (21): | 10.40 | |
| Williams %R (14): | -31.45 | |
| Chande Momentum Oscillator (20): | 6.14 | |
| Repulse (5,40,3): | 9.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 82.78 |
| MA7: | 9.91 | |
| MA20: | 8.20 | |
| MA50: | 7.90 | |
| MA100: | 6.52 | |
| MAexp7: | 10.41 | |
| MAexp20: | 8.97 | |
| MAexp50: | 7.95 | |
| MAexp100: | 6.84 | |
| Price / MA7: | +22.70% | |
| Price / MA20: | +48.29% | |
| Price / MA50: | +53.92% | |
| Price / MA100: | +86.50% | |
| Price / MAexp7: | +16.81% | |
| Price / MAexp20: | +35.56% | |
| Price / MAexp50: | +52.96% | |
| Price / MAexp100: | +77.78% |
Quotes :
-
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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