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OMG NETWORK - OMG/USD
OMG NETWORK - OMG/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: OMGUSD
ISIN:

OMG NETWORK - OMG/USD - 1H - Technical analysis published on 11/03/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 14.44 USD
My targets
13.57 USD (-4.46%)
13.15 USD (-7.39%)
My analysis
OMG NETWORK - OMG/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 14.44 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 13.57 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 13.15 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 12.85 USD. Beware of a possible return to above the resistance located at 14.44 USD which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

OMG NETWORK - OMG/USD rating 14.20 USD. The price is lower by -4.25% since the last closing with the lowest point at 13.90 USD and the highest point at 14.96 USD. The deviation from the price is +2.16% for the low point and -5.08% for the high point.

13.90
14.96
14.20

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of OMG NETWORK - OMG/USD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.92 12.85 13.15 14.20 14.44 14.75 15.26
Change (%) -16.06% -9.51% -7.39% - +1.69% +3.87% +7.46%
Change -2.28 -1.35 -1.05 - +0.24 +0.55 +1.06
Level Minor Minor Major - Major Minor Intermediate



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
Standard13.0313.7114.2714.9515.5116.1916.75
Camarilla14.4914.6014.7214.8314.9415.0615.17
Woodie12.9713.6814.2114.9215.4516.1616.69
Fibonacci13.7114.1814.4814.9515.4215.7216.19


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.5710.2511.8913.5715.2116.8918.53
Camarilla12.6312.9313.2413.5413.8414.1514.45
Woodie8.5610.2411.8813.5615.2016.8818.52
Fibonacci10.2511.5212.3013.5714.8415.6216.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.568.2410.8414.5217.1220.8023.40
Camarilla11.7112.2912.8613.4414.0214.5915.17
Woodie4.027.9710.3014.2516.5820.5322.86
Fibonacci8.2410.6412.1214.5216.9218.4020.80

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): 35.01
MACD (12,26,9): -0.1500
Directional Movement: -17.69
AROON (14): -85.72
DEMA (21): 14.35
Parabolic SAR (0,02-0,02-0,2): 14.82
Elder Ray (13): -0.32
Super Trend (3,10): 14.93
Zig ZAG (10): 14.13
VORTEX (21): 0.8100
Stochastique (14,3,5): 20.28
TEMA (21): 14.19
Williams %R (14): -81.13
Chande Momentum Oscillator (20): -0.51
Repulse (5,40,3): 0.2600
ROCnROLL: 2
TRIX (15,9): -0.1100
Courbe Coppock: 6.02
MA7: 13.91
MA20: 14.01
MA50: 12.73
MA100: 9.44
MAexp7: 14.30
MAexp20: 14.51
MAexp50: 14.54
MAexp100: 14.31
Price / MA7: +2.08%
Price / MA20: +1.36%
Price / MA50: +11.55%
Price / MA100: +50.42%
Price / MAexp7: -0.70%
Price / MAexp20: -2.14%
Price / MAexp50: -2.34%
Price / MAexp100: -0.77%

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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