OMG NETWORK - OMG/USD - 1H - Technical analysis published on 03/13/2023 (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:
Strongly bullish
Technical indicators
83%
11%
6%
My opinion
Bullish above 1.48 USD
My targets
1.56 USD (+2.63%)
1.69 USD (+11.18%)
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 1.48 USD. The next resistance located at 1.56 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 1.69 USD. After this resistance, buyers could then target 1.77 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
0
10
7.7
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMG NETWORK - OMG/USD price is 1.52 USD. On the day, this instrument gained +8.57% with the lowest point at 1.36 USD and the highest point at 1.72 USD. The deviation from the price is +11.76% for the low point and -11.63% for the high point.1.36
1.72
1.52
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OMG NETWORK - OMG/USD:
Technical
A technical analysis in 1H of this OMG NETWORK - OMG/USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.18 | 1.27 | 1.48 | 1.52 | 1.56 | 1.69 | 1.77 |
| Change (%) | -22.37% | -16.45% | -2.63% | - | +2.63% | +11.18% | +16.45% |
| Change | -0.34 | -0.25 | -0.04 | - | +0.04 | +0.17 | +0.25 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 1.07 | 1.24 | 1.39 | 1.56 | 1.71 | 1.88 |
| Camarilla | 1.31 | 1.34 | 1.37 | 1.40 | 1.43 | 1.46 | 1.49 |
| Woodie | 0.92 | 1.08 | 1.24 | 1.40 | 1.56 | 1.72 | 1.88 |
| Fibonacci | 1.07 | 1.20 | 1.27 | 1.39 | 1.52 | 1.59 | 1.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.71 | 0.95 | 1.09 | 1.33 | 1.47 | 1.71 | 1.85 |
| Camarilla | 1.14 | 1.17 | 1.21 | 1.24 | 1.28 | 1.31 | 1.35 |
| Woodie | 0.67 | 0.93 | 1.05 | 1.31 | 1.43 | 1.69 | 1.81 |
| Fibonacci | 0.95 | 1.09 | 1.18 | 1.33 | 1.47 | 1.56 | 1.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.54 | 0.92 | 1.31 | 1.69 | 2.08 | 2.46 | 2.85 |
| Camarilla | 1.48 | 1.55 | 1.62 | 1.69 | 1.76 | 1.83 | 1.90 |
| Woodie | 0.54 | 0.92 | 1.31 | 1.69 | 2.08 | 2.46 | 2.85 |
| Fibonacci | 0.92 | 1.22 | 1.40 | 1.69 | 1.99 | 2.17 | 2.46 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.95 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 35.90 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.36 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 1.27 | |
| Zig ZAG (10): | 1.43 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 45.23 | |
| TEMA (21): | 1.42 | |
| Williams %R (14): | -44.90 | |
| Chande Momentum Oscillator (20): | 0.26 | |
| Repulse (5,40,3): | -12.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 29.58 |
| MA7: | 1.34 | |
| MA20: | 1.55 | |
| MA50: | 1.56 | |
| MA100: | 1.34 | |
| MAexp7: | 1.40 | |
| MAexp20: | 1.33 | |
| MAexp50: | 1.29 | |
| MAexp100: | 1.31 | |
| Price / MA7: | +13.43% | |
| Price / MA20: | -1.94% | |
| Price / MA50: | -2.56% | |
| Price / MA100: | +13.43% | |
| Price / MAexp7: | +8.57% | |
| Price / MAexp20: | +14.29% | |
| Price / MAexp50: | +17.83% | |
| Price / MAexp100: | +16.03% |
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.
About author
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