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OMG NETWORK - OMG/USD
OMG NETWORK - OMG/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: OMGUSD
ISIN:

OMG NETWORK - OMG/USD - 1H - Technical analysis published on 09/13/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 0.220000 USD
My targets
0.250000 USD (+8.70%)
0.263529 USD (+14.58%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade OMG NETWORK - OMG/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.220000 USD. The buyers' bullish objective is set at 0.250000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.263529 USD. If there is any crossing, the next objective would be the resistance located at 0.610769 USD. If there is a bearish break in the support located at 0.220000 USD some indecision would arise.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The OMG NETWORK - OMG/USD price is 0.230000 USD. The price has increased by +4.55% since the last closing and was between 0.220000 USD and 0.230000 USD. This implies that the price is at +4.55% from its lowest and at 0% from its highest.

0.220000
0.230000
0.230000

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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


A technical analysis in 1H of this OMG NETWORK - OMG/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.200000 0.210000 0.220000 0.230000 0.263529 0.610769 0.960000
Change (%) -13.04% -8.70% -4.35% - +14.58% +165.55% +317.39%
Change -0.030000 -0.020000 -0.010000 - +0.033529 +0.380769 +0.730000
Level Minor Minor Major - Minor Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2066670.2133330.2166670.2233330.2266670.2333330.236667
Camarilla0.2172500.2181670.2190830.2200000.2209170.2218330.222750
Woodie0.2050000.2125000.2150000.2225000.2250000.2325000.235000
Fibonacci0.2133330.2171530.2195130.2233330.2271530.2295130.233333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1100000.1400000.1800000.2100000.2500000.2800000.320000
Camarilla0.2007500.2071670.2135830.2200000.2264170.2328330.239250
Woodie0.1150000.1425000.1850000.2125000.2550000.2825000.325000
Fibonacci0.1400000.1667400.1832600.2100000.2367400.2532600.280000


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0366670.0933330.1566670.2133330.2766670.3333330.396667
Camarilla0.1870000.1980000.2090000.2200000.2310000.2420000.253000
Woodie0.0400000.0950000.1600000.2150000.2800000.3350000.400000
Fibonacci0.0933330.1391730.1674930.2133330.2591730.2874930.333333

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): 46.60
MACD (12,26,9): -0.0005
Directional Movement: -6.817842
AROON (14): 0
DEMA (21): 0.224272
Parabolic SAR (0,02-0,02-0,2): 0.230000
Elder Ray (13): 0.000405
Super Trend (3,10): 0.235120
Zig ZAG (10): 0.220000
VORTEX (21): 0.9524
Stochastique (14,3,5): 33.33
TEMA (21): 0.223928
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.010000
Repulse (5,40,3): -4.1434
ROCnROLL: 2
TRIX (15,9): -0.0219
Courbe Coppock: 1.46
MA7: 0.224286
MA20: 0.226000
MA50: 0.235600
MA100: 0.284600
MAexp7: 0.224156
MAexp20: 0.224896
MAexp50: 0.225322
MAexp100: 0.224504
Price / MA7: +2.55%
Price / MA20: +1.77%
Price / MA50: -2.38%
Price / MA100: -19.18%
Price / MAexp7: +2.61%
Price / MAexp20: +2.27%
Price / MAexp50: +2.08%
Price / MAexp100: +2.45%

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
Londinia AI

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