OMG NETWORK - OMG/USD - 1H - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.99 USD
My targets
2.07 USD (+0.98%)
2.34 USD (+14.15%)
My analysis
A bullish trend on OMG NETWORK - OMG/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.99 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2.07 USD. Then the price could move towards 2.34 USD. Then 2.75 USD by extension. Be careful, a return below 1.99 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMG NETWORK - OMG/USD rating is 2.05 USD. On the day, this instrument gained +6.77% and was between 1.92 USD and 2.05 USD. This implies that the price is at +6.77% from its lowest and at 0% from its highest.1.92
2.05
2.05
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 this 1H chart of OMG NETWORK - OMG/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.86 | 1.96 | 1.99 | 2.05 | 2.07 | 2.75 | 3.26 |
| Change (%) | -9.27% | -4.39% | -2.93% | - | +0.98% | +34.15% | +59.02% |
| Change | -0.19 | -0.09 | -0.06 | - | +0.02 | +0.70 | +1.21 |
| Level | Minor | Minor | Minor | - | Major | 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 | 1.71 | 1.77 | 1.84 | 1.90 | 1.97 | 2.03 | 2.10 |
| Camarilla | 1.88 | 1.90 | 1.91 | 1.92 | 1.93 | 1.94 | 1.96 |
| Woodie | 1.73 | 1.77 | 1.86 | 1.90 | 1.99 | 2.03 | 2.12 |
| Fibonacci | 1.77 | 1.82 | 1.85 | 1.90 | 1.95 | 1.98 | 2.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.29 | 1.44 | 1.64 | 1.79 | 1.99 | 2.14 | 2.34 |
| Camarilla | 1.74 | 1.78 | 1.81 | 1.84 | 1.87 | 1.90 | 1.94 |
| Woodie | 1.32 | 1.45 | 1.67 | 1.80 | 2.02 | 2.15 | 2.37 |
| Fibonacci | 1.44 | 1.57 | 1.66 | 1.79 | 1.92 | 2.01 | 2.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12 | 0.85 | 1.35 | 2.08 | 2.58 | 3.31 | 3.81 |
| Camarilla | 1.51 | 1.63 | 1.74 | 1.85 | 1.96 | 2.08 | 2.19 |
| Woodie | 0.01 | 0.79 | 1.24 | 2.02 | 2.47 | 3.25 | 3.70 |
| Fibonacci | 0.85 | 1.32 | 1.61 | 2.08 | 2.55 | 2.84 | 3.31 |
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): | 59.40 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 13.73 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 1.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.89 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.86 | |
| Zig ZAG (10): | 1.99 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 97.22 | |
| TEMA (21): | 1.95 | |
| Williams %R (14): | -38.46 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 2.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 6.72 |
| MA7: | 1.91 | |
| MA20: | 1.85 | |
| MA50: | 1.99 | |
| MA100: | 2.69 | |
| MAexp7: | 1.95 | |
| MAexp20: | 1.92 | |
| MAexp50: | 1.92 | |
| MAexp100: | 1.91 | |
| Price / MA7: | +7.33% | |
| Price / MA20: | +10.81% | |
| Price / MA50: | +3.02% | |
| Price / MA100: | -23.79% | |
| Price / MAexp7: | +5.13% | |
| Price / MAexp20: | +6.77% | |
| Price / MAexp50: | +6.77% | |
| Price / MAexp100: | +7.33% |
Quotes :
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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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