OMG NETWORK - OMG/USD - 1H - Technical analysis published on 07/25/2024 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 0.273333 USD
My targets
0.250000 USD (-3.85%)
My analysis
The bearish basic trend is very strong on OMG NETWORK - OMG/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.273333 USD. Crossing the first support at 0.250000 USD would be a sign of a further potential price plummet. Caution, a return to above the resistance located at 0.273333 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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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 0.260000 USD. On the day, this instrument gained +0.00% and was between 0.250000 USD and 0.270000 USD. This implies that the price is at +4.00% from its lowest and at -3.70% from its highest.0.250000
0.270000
0.260000
Here is a more detailed summary of the historical variations registered by OMG NETWORK - OMG/USD:
Technical
Technical analysis of this 1H chart of OMG NETWORK - OMG/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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
S1
R1
R2
R3
Price
| S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.250000 | 0.260000 | 0.260000 | 0.290000 | 0.310000 |
| Change (%) | -3.85% | 0% | - | +11.54% | +19.23% |
| Change | -0.010000 | 0 | - | +0.030000 | +0.050000 |
| Level | Minor | Intermediate | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.220000 | 0.240000 | 0.250000 | 0.270000 | 0.280000 | 0.300000 | 0.310000 |
| Camarilla | 0.251750 | 0.254500 | 0.257250 | 0.260000 | 0.262750 | 0.265500 | 0.268250 |
| Woodie | 0.215000 | 0.237500 | 0.245000 | 0.267500 | 0.275000 | 0.297500 | 0.305000 |
| Fibonacci | 0.240000 | 0.251460 | 0.258540 | 0.270000 | 0.281460 | 0.288540 | 0.300000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.170000 | 0.210000 | 0.250000 | 0.290000 | 0.330000 | 0.370000 | 0.410000 |
| Camarilla | 0.268000 | 0.275333 | 0.282667 | 0.290000 | 0.297333 | 0.304667 | 0.312000 |
| Woodie | 0.170000 | 0.210000 | 0.250000 | 0.290000 | 0.330000 | 0.370000 | 0.410000 |
| Fibonacci | 0.210000 | 0.240560 | 0.259440 | 0.290000 | 0.320560 | 0.339440 | 0.370000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.043333 | 0.166667 | 0.273333 | 0.396667 | 0.503333 | 0.626667 | 0.733333 |
| Camarilla | 0.316750 | 0.337833 | 0.358917 | 0.380000 | 0.401083 | 0.422167 | 0.443250 |
| Woodie | 0.035000 | 0.162500 | 0.265000 | 0.392500 | 0.495000 | 0.622500 | 0.725000 |
| Fibonacci | 0.166667 | 0.254527 | 0.308807 | 0.396667 | 0.484527 | 0.538807 | 0.626667 |
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): | 45.70 | |
| MACD (12,26,9): | -0.0034 | |
| Directional Movement: | -1.009111 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.262944 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.284022 | |
| Elder Ray (13): | 0.000199 | |
| Super Trend (3,10): | 0.305188 | |
| Zig ZAG (10): | 0.270000 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 0.00 | |
| TEMA (21): | 0.259346 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.030000 | |
| Repulse (5,40,3): | -15.1249 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1346 | |
| Courbe Coppock: | 9.14 |
| MA7: | 0.272857 | |
| MA20: | 0.284000 | |
| MA50: | 0.334000 | |
| MA100: | 0.497800 | |
| MAexp7: | 0.258621 | |
| MAexp20: | 0.265251 | |
| MAexp50: | 0.269440 | |
| MAexp100: | 0.272970 | |
| Price / MA7: | -4.71% | |
| Price / MA20: | -8.45% | |
| Price / MA50: | -22.16% | |
| Price / MA100: | -47.77% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | -1.98% | |
| Price / MAexp50: | -3.50% | |
| Price / MAexp100: | -4.75% |
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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