OMG NETWORK - OMG/USD - 1H - Technical analysis published on 08/30/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.82 USD
My targets
1.94 USD (+4.30%)
2.03 USD (+9.14%)
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 1.82 USD. The buyers' bullish objective is set at 1.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.03 USD. If there is any crossing, the next objective would be the resistance located at 2.30 USD.
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
6.1
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Additional analysis
Quotes
OMG NETWORK - OMG/USD rating 1.86 USD. On the day, this instrument gained +1.64% and was between 1.82 USD and 1.87 USD. This implies that the price is at +2.20% from its lowest and at -0.53% from its highest.1.82
1.87
1.86
Here is a more detailed summary of the historical variations registered by OMG NETWORK - OMG/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OMG NETWORK - OMG/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.49 | 1.82 | 1.86 | 1.94 | 2.03 | 2.30 |
| Change (%) | -19.89% | -2.15% | - | +4.30% | +9.14% | +23.66% |
| Change | -0.37 | -0.04 | - | +0.08 | +0.17 | +0.44 |
| Level | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.56 | 1.63 | 1.73 | 1.80 | 1.90 | 1.97 | 2.07 |
| Camarilla | 1.78 | 1.80 | 1.81 | 1.83 | 1.85 | 1.86 | 1.88 |
| Woodie | 1.58 | 1.64 | 1.75 | 1.81 | 1.92 | 1.98 | 2.09 |
| Fibonacci | 1.63 | 1.70 | 1.74 | 1.80 | 1.87 | 1.91 | 1.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.39 | 1.57 | 1.68 | 1.86 | 1.97 | 2.15 | 2.26 |
| Camarilla | 1.72 | 1.75 | 1.77 | 1.80 | 1.83 | 1.85 | 1.88 |
| Woodie | 1.37 | 1.55 | 1.66 | 1.84 | 1.95 | 2.13 | 2.24 |
| Fibonacci | 1.57 | 1.68 | 1.75 | 1.86 | 1.97 | 2.04 | 2.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.86 | 1.22 | 1.71 | 2.07 | 2.56 | 2.92 | 3.41 |
| Camarilla | 1.96 | 2.03 | 2.11 | 2.19 | 2.27 | 2.35 | 2.42 |
| Woodie | 0.92 | 1.25 | 1.77 | 2.10 | 2.62 | 2.95 | 3.47 |
| Fibonacci | 1.22 | 1.55 | 1.75 | 2.07 | 2.40 | 2.60 | 2.92 |
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): | 68.13 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 5.46 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.77 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.70 | |
| Zig ZAG (10): | 1.85 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 79.21 | |
| TEMA (21): | 1.84 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 7.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 8.68 |
| MA7: | 1.86 | |
| MA20: | 2.08 | |
| MA50: | 2.06 | |
| MA100: | 2.11 | |
| MAexp7: | 1.82 | |
| MAexp20: | 1.80 | |
| MAexp50: | 1.79 | |
| MAexp100: | 1.81 | |
| Price / MA7: | -0% | |
| Price / MA20: | -10.58% | |
| Price / MA50: | -9.71% | |
| Price / MA100: | -11.85% | |
| Price / MAexp7: | +2.20% | |
| Price / MAexp20: | +3.33% | |
| Price / MAexp50: | +3.91% | |
| Price / MAexp100: | +2.76% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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