OMG NETWORK - OMG/USD - 1H - Technical analysis published on 07/06/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
17%
28%
56%
My opinion
Bearish under 0.320000 USD
My targets
0.270000 USD (-3.57%)
0.240000 USD (-14.29%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.320000 USD remains possible. It is advisable to trade OMG NETWORK - OMG/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.320000 USD. The next bearish objective for sellers is set at 0.270000 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.240000 USD. In case of crossing, the next objective would be the support located at 0.220000 USD. PS: if there is a bullish break in the resistance located at 0.320000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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 0.280000 USD. The price registered an increase of +3.70% on the session with the lowest point at 0.270000 USD and the highest point at 0.280000 USD. The deviation from the price is +3.70% for the low point and 0% for the high point.0.270000
0.280000
0.280000
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of OMG NETWORK - OMG/USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.220000 | 0.270000 | 0.280000 | 0.320000 | 0.340000 | 0.370000 |
| Change (%) | -21.43% | -3.57% | - | +14.29% | +21.43% | +32.14% |
| Change | -0.060000 | -0.010000 | - | +0.040000 | +0.060000 | +0.090000 |
| Level | Major | Minor | - | Intermediate | 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 | 0.160000 | 0.190000 | 0.230000 | 0.260000 | 0.300000 | 0.330000 | 0.370000 |
| Camarilla | 0.250750 | 0.257167 | 0.263583 | 0.270000 | 0.276417 | 0.282833 | 0.289250 |
| Woodie | 0.165000 | 0.192500 | 0.235000 | 0.262500 | 0.305000 | 0.332500 | 0.375000 |
| Fibonacci | 0.190000 | 0.216740 | 0.233260 | 0.260000 | 0.286740 | 0.303260 | 0.330000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.190000 | 0.240000 | 0.270000 | 0.320000 | 0.350000 | 0.400000 | 0.430000 |
| Camarilla | 0.278000 | 0.285333 | 0.292667 | 0.300000 | 0.307333 | 0.314667 | 0.322000 |
| Woodie | 0.180000 | 0.235000 | 0.260000 | 0.315000 | 0.340000 | 0.395000 | 0.420000 |
| Fibonacci | 0.240000 | 0.270560 | 0.289440 | 0.320000 | 0.350560 | 0.369440 | 0.400000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.263333 | 0.013333 | 0.196667 | 0.473333 | 0.656667 | 0.933333 | 1.116667 |
| Camarilla | 0.253500 | 0.295667 | 0.337833 | 0.380000 | 0.422167 | 0.464333 | 0.506500 |
| Woodie | -0.310000 | -0.010000 | 0.150000 | 0.450000 | 0.610000 | 0.910000 | 1.070000 |
| Fibonacci | 0.013333 | 0.189053 | 0.297613 | 0.473333 | 0.649053 | 0.757613 | 0.933333 |
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): | 46.37 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -8.202727 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.273858 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.280000 | |
| Elder Ray (13): | -0.006305 | |
| Super Trend (3,10): | 0.310982 | |
| Zig ZAG (10): | 0.270000 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 0.278077 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.010000 | |
| Repulse (5,40,3): | 4.6331 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1084 | |
| Courbe Coppock: | 4.34 |
| MA7: | 0.310000 | |
| MA20: | 0.331500 | |
| MA50: | 0.480600 | |
| MA100: | 0.617600 | |
| MAexp7: | 0.276293 | |
| MAexp20: | 0.277346 | |
| MAexp50: | 0.286247 | |
| MAexp100: | 0.300999 | |
| Price / MA7: | -9.68% | |
| Price / MA20: | -15.54% | |
| Price / MA50: | -41.74% | |
| Price / MA100: | -54.66% | |
| Price / MAexp7: | +1.34% | |
| Price / MAexp20: | +0.96% | |
| Price / MAexp50: | -2.18% | |
| Price / MAexp100: | -6.98% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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