OMG NETWORK - OMG/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	OMGUSD
ISIN:

OMG NETWORK - OMG/USD - 1H - Technical analysis published on 08/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.241667 USD

My targets

0.266667 USD (+6.67%)

0.293333 USD (+17.33%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OMG NETWORK - OMG/USD as long as the price remains well above 0.241667 USD. The buyers' bullish objective is set at 0.266667 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.293333 USD. If there is any crossing, the next objective would be the resistance located at 0.593846 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 0.250000 USD. The price has increased by +4.17% since the last closing with the lowest point at 0.240000 USD and the highest point at 0.250000 USD. The deviation from the price is +4.17% for the low point and 0% for the high point.

0.240000

0.250000

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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

CCI indicator is overbought : over 100

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

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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	R1	Price	R2	R3
ProTrendLines	0.220000	0.230000	0.241667	0.250000	0.250000	0.593846	0.960000
Change (%)	-12.00%	-8.00%	-3.33%	0%	-	+137.54%	+284.00%
Change	-0.030000	-0.020000	-0.008333	0	-	+0.343846	+0.710000
Level	Minor	Major	Minor	Intermediate	-	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.210000	0.220000	0.230000	0.240000	0.250000	0.260000	0.270000
Camarilla	0.234500	0.236333	0.238167	0.240000	0.241833	0.243667	0.245500
Woodie	0.210000	0.220000	0.230000	0.240000	0.250000	0.260000	0.270000
Fibonacci	0.220000	0.227640	0.232360	0.240000	0.247640	0.252360	0.260000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.126667	0.153333	0.196667	0.223333	0.266667	0.293333	0.336667
Camarilla	0.220750	0.227167	0.233583	0.240000	0.246417	0.252833	0.259250
Woodie	0.135000	0.157500	0.205000	0.227500	0.275000	0.297500	0.345000
Fibonacci	0.153333	0.180073	0.196593	0.223333	0.250073	0.266593	0.293333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.040000	0.130000	0.190000	0.280000	0.340000	0.430000	0.490000
Camarilla	0.208750	0.222500	0.236250	0.250000	0.263750	0.277500	0.291250
Woodie	0.025000	0.122500	0.175000	0.272500	0.325000	0.422500	0.475000
Fibonacci	0.130000	0.187300	0.222700	0.280000	0.337300	0.372700	0.430000

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):	65.76
MACD (12,26,9):	0.0023
Directional Movement:	9.732009
AROON (14):	92.857143
DEMA (21):	0.242709
Parabolic SAR (0,02-0,02-0,2):	0.227870
Elder Ray (13):	0.008438
Super Trend (3,10):	0.237078
Zig ZAG (10):	0.250000
VORTEX (21):	1.1000
Stochastique (14,3,5):	100.00
TEMA (21):	0.244178
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.020000
Repulse (5,40,3):	3.6271
ROCnROLL:	1
TRIX (15,9):	0.0502
Courbe Coppock:	4.92

MA7:	0.232857
MA20:	0.234000
MA50:	0.260600
MA100:	0.386100
MAexp7:	0.243942
MAexp20:	0.240275
MAexp50:	0.237420
MAexp100:	0.234069
Price / MA7:	+7.36%
Price / MA20:	+6.84%
Price / MA50:	-4.07%
Price / MA100:	-35.25%
Price / MAexp7:	+2.48%
Price / MAexp20:	+4.05%
Price / MAexp50:	+5.30%
Price / MAexp100:	+6.81%

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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