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Origin Protocol / TetherUS

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OGNUSDT trade ideas

OGNUSDT STILL PROMISING AND JUST ABOUT READYLike you, when you were growing up, OGN shows huge potential. Unlike you, I expect OGN to really perform from its current level and quickly become one of those coins that make people regret not entering when they read this. Meh. Use it, don't use it. If you do, and would like TP's, DM me and we can talk. Trading is easier when you're confident. That's what I'm offering. See my previous OGN post what happened minutes after it was published. The next run will me much, much greater.
Long
by Rebelmedia
OGN's Price Surge: Riding the WaveAs the cryptocurrency landscape continuously evolves and expands, the Origin Protocol (OGN) has caught the attention of traders and investors alike with a breathtaking rally. In the past 24 hours, the digital asset has surged by an astounding 61%, establishing its market price at 0.1202. This seismic activity in OGN's price movement has not only turned heads in the market but also ignited a spark of anticipation amongst its followers. Examining the asset through a four-hour timeframe chart provides a fascinating glimpse into its journey. The Fibonacci retracement levels, a crucial tool for predicting potential support and resistance levels, plots a promising path for OGN. It has effortlessly exceeded its first Fibonacci level at 0.0888 and is now ambitiously eyeing the 1.618 level, which stands at 0.0977. This bullish rally doesn't seem to show signs of slowing down, as the Origin Protocol could potentially ascend to the 2.618 level at 0.1121 in the near future. If the bullish momentum persists and the 3.618 level at 0.1265 is breached, the 4.236 level at 0.1354 will be the next goalpost on OGN's upward journey. A glance at the Bollinger Bands reveals that OGN's current trading price is comfortably above the middle band at 0.0815. This middle band could serve as a stronghold of support if the market corrects. The upper band, currently set at 0.1044, has been eclipsed by the recent price movement, reaffirming the strength of the ongoing trend. Meanwhile, the lower band at 0.0585 seems a remote possibility at present. However, the surge has placed OGN in a precarious position, according to the Relative Strength Index (RSI). With a reading of 93, it's apparent that OGN is in an overbought state. History suggests that assets tend to retreat from such lofty RSI levels, indicating the potential for a future price correction. Despite the looming shadow of a potential correction, the volume oscillator presents a rather upbeat picture at 57%. The stochastic index echoes this positivity, with a reading of 86%, indicating a robust bullish sentiment permeating the market. The Moving Average Convergence Divergence (MACD) at 0.0054 further attests to this bullish phase, suggesting the market is currently dominated by buyers. The On-Balance Volume (OBV) presents a final piece to this puzzle. Sitting at an impressive 2.138 billion, the OBV highlights the significant volume flowing into OGN, providing a sturdy foundation for the current bullish phase. While the meteoric rise of OGN has instilled a sense of exhilaration amongst its followers, caution is advised. The overbought conditions, as indicated by the RSI, suggest that the market could be due for a correction. If the bullish sentiment loses steam and the buying volume dwindles, OGN may experience a price pullback. However, if the bullish fervor remains unscathed and the influx of volume is sustained, we could witness OGN painting new highs on the charts. As with all investments, risk management is key. Always remember not to invest more than you're willing to lose and to conduct your research before making any investment decisions. After all, in the volatile world of cryptocurrencies, fortune favors the well-prepared.
by ShawnMCR
5
TRADE OF THE DAY | OGN looking like nice bounce within rangeTRADE OF THE DAY | OGN looking like nice bounce within range |TARGET ON CHART | There has to be a bounce at some point right!? OGN seems to be showing some nice signs with being so heavily oversold and a nice untested weekly pivot the 1:1 take profit falls nicely with both the long term resistance (recent broken suport) along with sitting within the untested weekly pivot. We have a bullish signal flashed for long so we are going to pull the trigger here. There is an incredibly volatile week with fed announcements coming up so just beware that there is going to be some inevitable big movement incoming
Long
by Kryptochristian
6
$OGNflip blue stop below blue target yellow then blue then just maybe yellow again breaking out after the 5th of April 2021 so recon OGN whales have accumulated enough hence should have a decent first impulse on this when the market gives you an opportunity with a better set up do you hodl your fav shit coin or hop off for a bit ??? used to hop around a lot earlier eventually you miss out so trying to keep the balance and also still be in the game by not being too risk averse in the words of buddha ,: attachement is the casue of all suffering ;) approaching 200 ema on the daily for now where we should get a dip cant seem to edit the graph downtrend line not spot on but hey you get the picture...
Long
by CompoundingGain
OGNUSDT needs the breakout!OGNUSDT is testing the descending channel below the static resistance level. A descending channel is a technical analysis pattern that consists of two downward sloping trendlines. The upper trendline represents resistance, while the lower trendline represents support. In this case, the price of OGNUSDT is testing the lower trendline of the descending channel, which indicates a bearish trend. Additionally, the static resistance level indicates an area where sellers are likely to take control of the price, making it difficult for buyers to push the price higher. If the price of OGNUSDT breaks above this level, it could signify a shift in momentum and the potential for a bullish trend. To confirm a bullish trend, traders would need to wait for a breakout from the descending channel that satisfies Plancton's rules. Plancton's rules are a set of technical analysis guidelines that aim to identify high-probability trading opportunities. These rules include looking for strong trends, clear price patterns, and confirmation. In summary, the current situation for OGNUSDT suggests a bearish trend within a descending channel below the static resistance level. Traders should watch for a breakout from the descending channel that satisfies Plancton's rules before entering a long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
8