OMG NETWORK - OMG/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	OMGUSD
ISIN:

OMG NETWORK - OMG/USD - Daily - Technical analysis published on 04/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 1.66 USD

My targets

1.48 USD (-3.27%)

1.24 USD (-18.95%)

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 1.66 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 1.48 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 1.24 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 1.09 USD. Beware of a possible return to above the resistance located at 1.66 USD which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

3.4

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

Additional analysis

Quotes

OMG NETWORK - OMG/USD rating 1.53 USD. The price has increased by +5.52% since the last closing and was traded between 1.44 USD and 1.53 USD over the period. The price is currently at +6.25% from its lowest and 0% from its highest.

1.44

1.53

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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 this Daily chart of OMG NETWORK - OMG/USD indicates that the overall trend is slightly bearish. 60.71% 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 market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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	R1	R2	R3
ProTrendLines	1.09	1.24	1.48	1.53	1.77	1.94	2.33
Change (%)	-28.76%	-18.95%	-3.27%	-	+15.69%	+26.80%	+52.29%
Change	-0.44	-0.29	-0.05	-	+0.24	+0.41	+0.80
Level	Intermediate	Minor	Major	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.35	1.38	1.42	1.45	1.49	1.52	1.56
Camarilla	1.43	1.44	1.44	1.45	1.46	1.46	1.47
Woodie	1.35	1.38	1.42	1.45	1.49	1.52	1.56
Fibonacci	1.38	1.41	1.43	1.45	1.48	1.50	1.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.24	1.34	1.40	1.50	1.56	1.66	1.72
Camarilla	1.41	1.42	1.44	1.45	1.47	1.48	1.49
Woodie	1.21	1.33	1.37	1.49	1.53	1.65	1.69
Fibonacci	1.34	1.40	1.44	1.50	1.56	1.60	1.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.34	0.42	1.01	1.77	2.36	3.12	3.71
Camarilla	1.23	1.35	1.48	1.60	1.72	1.85	1.97
Woodie	-0.43	0.38	0.93	1.73	2.28	3.08	3.63
Fibonacci	0.42	0.94	1.25	1.77	2.29	2.60	3.12

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):	44.37
MACD (12,26,9):	-0.0500
Directional Movement:	6.40
AROON (14):	-78.57
DEMA (21):	1.52
Parabolic SAR (0,02-0,02-0,2):	1.88
Elder Ray (13):	-0.07
Super Trend (3,10):	1.44
Zig ZAG (10):	1.50
VORTEX (21):	0.8000
Stochastique (14,3,5):	7.05
TEMA (21):	1.47
Williams %R (14):	-84.62
Chande Momentum Oscillator (20):	-0.20
Repulse (5,40,3):	1.9200
ROCnROLL:	2
TRIX (15,9):	-0.1700
Courbe Coppock:	33.38

MA7:	1.50
MA20:	1.63
MA50:	1.62
MA100:	1.50
MAexp7:	1.51
MAexp20:	1.57
MAexp50:	1.58
MAexp100:	1.54
Price / MA7:	+2.00%
Price / MA20:	-6.13%
Price / MA50:	-5.56%
Price / MA100:	+2.00%
Price / MAexp7:	+1.32%
Price / MAexp20:	-2.55%
Price / MAexp50:	-3.16%
Price / MAexp100:	-0.65%

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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