OMG NETWORK - OMG/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	OMGUSD
ISIN:

OMG NETWORK - OMG/USD - Weekly - Technical analysis published on 05/07/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 10.89 USD

My targets

14.03 USD (+15.31%)

16.73 USD (+37.44%)

My analysis

OMG NETWORK - OMG/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.89 USD. The next resistance located at 14.03 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 16.73 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.9

Comment on the analysis

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 cryptout. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

OMG NETWORK - OMG/USD rating 12.17 USD. The price is up +49.14% over 5 days and has been traded over the last 5 days between 7.81 USD and 10.48 USD. This implies that the 5 day price is +55.83% from its lowest point and +16.13% from its highest point.

7.81

10.48

12.17

Here is a more detailed summary of the historical variations registered by OMG NETWORK - OMG/USD:

The Central Records scanner for higher/lower results shows the following items:

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 Weekly shows a strongly overall bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2.80	4.48	7.70	12.17
Change (%)	-76.99%	-63.19%	-36.73%	-
Change	-9.37	-7.69	-4.47	-
Level	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	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):	68.20
MACD (12,26,9):	1.5900
Directional Movement:	30.79
AROON (14):	100.00
DEMA (21):	8.37
Parabolic SAR (0,02-0,02-0,2):	5.50
Elder Ray (13):	4.11
Super Trend (3,10):	3.79
Zig ZAG (10):	12.21
VORTEX (21):	1.1000
Stochastique (14,3,5):	57.85
TEMA (21):	9.29
Williams %R (14):	-25.38
Chande Momentum Oscillator (20):	4.63
Repulse (5,40,3):	30.8500
ROCnROLL:	1
TRIX (15,9):	3.9100
Courbe Coppock:	240.17

MA7:	9.91
MA20:	8.20
MA50:	7.90
MA100:	6.52
MAexp7:	8.57
MAexp20:	6.51
MAexp50:	4.63
MAexp100:	3.73
Price / MA7:	+22.81%
Price / MA20:	+48.41%
Price / MA50:	+54.05%
Price / MA100:	+86.66%
Price / MAexp7:	+42.01%
Price / MAexp20:	+86.94%
Price / MAexp50:	+162.85%
Price / MAexp100:	+226.27%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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