ORIGIN PROTOCOL - OGN/USD - Daily - Technical analysis published on 08/06/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.258433 USD
My targets
0.211733 USD (-7.09%)
0.186280 USD (-18.26%)
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 0.258433 USD remains possible. It is advisable to trade ORIGIN PROTOCOL - OGN/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.258433 USD. The next bearish objective for sellers is set at 0.211733 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.186280 USD. PS: if there is a bullish break in the resistance located at 0.258433 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7
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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 ORIGIN PROTOCOL - OGN/USD price is 0.227900 USD. On the day, this instrument lost -0.09% and was traded between 0.226100 USD and 0.229900 USD over the period. The price is currently at +0.80% from its lowest and -0.87% from its highest.0.226100
0.229900
0.227900
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ORIGIN PROTOCOL - OGN/USD indicates that the overall trend is bearish. 71.43% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
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 support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.186280 | 0.227900 | 0.312350 | 0.447500 | 0.550477 |
| Change (%) | -18.26% | - | +37.06% | +96.36% | +141.54% |
| Change | -0.041620 | - | +0.084450 | +0.219600 | +0.322577 |
| Level | Major | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.207200 | 0.212100 | 0.220100 | 0.225000 | 0.233000 | 0.237900 | 0.245900 |
| Camarilla | 0.224553 | 0.225735 | 0.226918 | 0.228100 | 0.229283 | 0.230465 | 0.231648 |
| Woodie | 0.208750 | 0.212875 | 0.221650 | 0.225775 | 0.234550 | 0.238675 | 0.247450 |
| Fibonacci | 0.212100 | 0.217028 | 0.220072 | 0.225000 | 0.229928 | 0.232972 | 0.237900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.144867 | 0.166033 | 0.190567 | 0.211733 | 0.236267 | 0.257433 | 0.281967 |
| Camarilla | 0.202533 | 0.206722 | 0.210911 | 0.215100 | 0.219289 | 0.223478 | 0.227668 |
| Woodie | 0.146550 | 0.166875 | 0.192250 | 0.212575 | 0.237950 | 0.258275 | 0.283650 |
| Fibonacci | 0.166033 | 0.183491 | 0.194276 | 0.211733 | 0.229191 | 0.239976 | 0.257433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.044133 | 0.071533 | 0.142767 | 0.258433 | 0.329667 | 0.445333 | 0.516567 |
| Camarilla | 0.162603 | 0.179735 | 0.196868 | 0.214000 | 0.231133 | 0.248265 | 0.265398 |
| Woodie | -0.066350 | 0.060425 | 0.120550 | 0.247325 | 0.307450 | 0.434225 | 0.494350 |
| Fibonacci | 0.071533 | 0.142929 | 0.187038 | 0.258433 | 0.329829 | 0.373938 | 0.445333 |
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): | 52.61 | |
| MACD (12,26,9): | -0.0037 | |
| Directional Movement: | 6.745679 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.212330 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.204651 | |
| Elder Ray (13): | 0.009902 | |
| Super Trend (3,10): | 0.251813 | |
| Zig ZAG (10): | 0.227300 | |
| VORTEX (21): | 1.0707 | |
| Stochastique (14,3,5): | 81.25 | |
| TEMA (21): | 0.217218 | |
| Williams %R (14): | -13.13 | |
| Chande Momentum Oscillator (20): | 0.033800 | |
| Repulse (5,40,3): | 3.6018 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5108 | |
| Courbe Coppock: | 9.61 |
| MA7: | 0.219143 | |
| MA20: | 0.214105 | |
| MA50: | 0.238696 | |
| MA100: | 0.258790 | |
| MAexp7: | 0.220470 | |
| MAexp20: | 0.219407 | |
| MAexp50: | 0.236528 | |
| MAexp100: | 0.281726 | |
| Price / MA7: | +4.00% | |
| Price / MA20: | +6.44% | |
| Price / MA50: | -4.52% | |
| Price / MA100: | -11.94% | |
| Price / MAexp7: | +3.37% | |
| Price / MAexp20: | +3.87% | |
| Price / MAexp50: | -3.65% | |
| Price / MAexp100: | -19.11% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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