OMG NETWORK - OMG/USD - 1H - Technical analysis published on 10/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 0.256667 USD
My targets
0.240000 USD (-4.00%)
0.203333 USD (-18.67%)
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 0.256667 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 0.256667 USD. The next bearish objective for sellers is set at 0.240000 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.203333 USD. In case of crossing, the next objective would be the support located at 0.200000 USD. PS: if there is a bullish break in the resistance located at 0.256667 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMG NETWORK - OMG/USD rating is 0.250000 USD. On the day, this instrument gained +0.00% and was between 0.250000 USD and 0.310000 USD. This implies that the price is at 0% from its lowest and at -19.35% from its highest.0.250000
0.310000
0.250000
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of OMG NETWORK - OMG/USD indicates that the overall trend is bearish. 67.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.200000 | 0.240000 | 0.250000 | 0.270000 | 0.280000 | 0.310000 |
| Change (%) | -20.00% | -4.00% | - | +8.00% | +12.00% | +24.00% |
| Change | -0.050000 | -0.010000 | - | +0.020000 | +0.030000 | +0.060000 |
| Level | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.206667 | 0.223333 | 0.236667 | 0.253333 | 0.266667 | 0.283333 | 0.296667 |
| Camarilla | 0.241750 | 0.244500 | 0.247250 | 0.250000 | 0.252750 | 0.255500 | 0.258250 |
| Woodie | 0.205000 | 0.222500 | 0.235000 | 0.252500 | 0.265000 | 0.282500 | 0.295000 |
| Fibonacci | 0.223333 | 0.234793 | 0.241873 | 0.253333 | 0.264793 | 0.271873 | 0.283333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.166667 | 0.203333 | 0.256667 | 0.293333 | 0.346667 | 0.383333 | 0.436667 |
| Camarilla | 0.285250 | 0.293500 | 0.301750 | 0.310000 | 0.318250 | 0.326500 | 0.334750 |
| Woodie | 0.175000 | 0.207500 | 0.265000 | 0.297500 | 0.355000 | 0.387500 | 0.445000 |
| Fibonacci | 0.203333 | 0.237713 | 0.258953 | 0.293333 | 0.327713 | 0.348953 | 0.383333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.010000 | 0.080000 | 0.180000 | 0.270000 | 0.370000 | 0.460000 | 0.560000 |
| Camarilla | 0.227750 | 0.245167 | 0.262583 | 0.280000 | 0.297417 | 0.314833 | 0.332250 |
| Woodie | -0.005000 | 0.082500 | 0.185000 | 0.272500 | 0.375000 | 0.462500 | 0.565000 |
| Fibonacci | 0.080000 | 0.152580 | 0.197420 | 0.270000 | 0.342580 | 0.387420 | 0.460000 |
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): | 69.08 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 7.015353 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.251478 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.250000 | |
| Elder Ray (13): | 0.014070 | |
| Super Trend (3,10): | 0.306908 | |
| Zig ZAG (10): | 0.250000 | |
| VORTEX (21): | 1.0233 | |
| Stochastique (14,3,5): | 0.00 | |
| TEMA (21): | 0.250671 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | -37.5997 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0564 | |
| Courbe Coppock: | 6.52 |
| MA7: | 0.268571 | |
| MA20: | 0.284500 | |
| MA50: | 0.263200 | |
| MA100: | 0.261000 | |
| MAexp7: | 0.250283 | |
| MAexp20: | 0.251133 | |
| MAexp50: | 0.251143 | |
| MAexp100: | 0.255621 | |
| Price / MA7: | -6.91% | |
| Price / MA20: | -12.13% | |
| Price / MA50: | -5.02% | |
| Price / MA100: | -4.21% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | -2.20% |
Quotes :
-
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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