OMG NETWORK - OMG/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	OMGUSD
ISIN:

OMG NETWORK - OMG/USD - 1H - Technical analysis published on 08/17/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Neutral

Technical indicators

72%

22%

My opinion

Neutral between 0.230000 USD and 0.242000 USD

My targets

My analysis

There is no basic trend on OMG NETWORK - OMG/USD and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 0.242000 USD. The nearest support is located at 0.230000 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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

The OMG NETWORK - OMG/USD price is 0.240000 USD. On the day, this instrument gained +14.29% and was traded between 0.210000 USD and 0.240000 USD over the period. The price is currently at +14.29% from its lowest and 0% from its highest.

0.210000

0.240000

Here is a more detailed summary of the historical variations registered by OMG NETWORK - OMG/USD:

Technical

Technical analysis of OMG NETWORK - OMG/USD in 1H shows a neutral overall trend. This indecision could turn into a bullish trend due to the bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.210000	0.220000	0.230000	0.240000	0.242000	0.250000	0.593846
Change (%)	-12.50%	-8.33%	-4.17%	-	+0.83%	+4.17%	+147.44%
Change	-0.030000	-0.020000	-0.010000	-	+0.002000	+0.010000	+0.353846
Level	Minor	Major	Major	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.120000	0.150000	0.180000	0.210000	0.240000	0.270000	0.300000
Camarilla	0.193500	0.199000	0.204500	0.210000	0.215500	0.221000	0.226500
Woodie	0.120000	0.150000	0.180000	0.210000	0.240000	0.270000	0.300000
Fibonacci	0.150000	0.172920	0.187080	0.210000	0.232920	0.247080	0.270000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.076667	0.113333	0.176667	0.213333	0.276667	0.313333	0.376667
Camarilla	0.212500	0.221667	0.230833	0.240000	0.249167	0.258333	0.267500
Woodie	0.090000	0.120000	0.190000	0.220000	0.290000	0.320000	0.390000
Fibonacci	0.113333	0.151533	0.175133	0.213333	0.251533	0.275133	0.313333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.026667	0.123333	0.186667	0.283333	0.346667	0.443333	0.506667
Camarilla	0.206000	0.220667	0.235333	0.250000	0.264667	0.279333	0.294000
Woodie	0.010000	0.115000	0.170000	0.275000	0.330000	0.435000	0.490000
Fibonacci	0.123333	0.184453	0.222213	0.283333	0.344453	0.382213	0.443333

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):	58.31
MACD (12,26,9):	0.0015
Directional Movement:	1.871613
AROON (14):	0
DEMA (21):	0.217193
Parabolic SAR (0,02-0,02-0,2):	0.240000
Elder Ray (13):	0.022446
Super Trend (3,10):	0.260000
Zig ZAG (10):	0.240000
VORTEX (21):	0.9531
Stochastique (14,3,5):	33.33
TEMA (21):	0.220736
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.030000
Repulse (5,40,3):	-19.2350
ROCnROLL:	1
TRIX (15,9):	-0.0742
Courbe Coppock:	10.79

MA7:	0.228571
MA20:	0.235000
MA50:	0.269400
MA100:	0.401000
MAexp7:	0.220783
MAexp20:	0.213956
MAexp50:	0.217313
MAexp100:	0.222316
Price / MA7:	+5.00%
Price / MA20:	+2.13%
Price / MA50:	-10.91%
Price / MA100:	-40.15%
Price / MAexp7:	+8.70%
Price / MAexp20:	+12.17%
Price / MAexp50:	+10.44%
Price / MAexp100:	+7.95%

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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Londinia AI

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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…