ORIGIN PROTOCOL - OGN/USD

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Type:	Cryptocurrencies
Ticker:	OGNUSD
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ORIGIN PROTOCOL - OGN/USD - Daily - Technical analysis published on 08/15/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 0.258433 USD

My targets

0.199333 USD (-11.41%)

0.186280 USD (-17.21%)

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 0.199333 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.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.1

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

ORIGIN PROTOCOL - OGN/USD rating 0.225000 USD. On the day, this instrument lost -0.04% and was between 0.220000 USD and 0.232900 USD. This implies that the price is at +2.27% from its lowest and at -3.39% from its highest.

0.220000

0.232900

0.225000

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ORIGIN PROTOCOL - OGN/USD in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.186280	0.225000	0.313262	0.447500	0.550477
Change (%)	-17.21%	-	+39.23%	+98.89%	+144.66%
Change	-0.038720	-	+0.088262	+0.222500	+0.325477
Level	Major	-	Minor	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	0.197467	0.209833	0.217467	0.229833	0.237467	0.249833	0.257467
Camarilla	0.219600	0.221433	0.223267	0.225100	0.226933	0.228767	0.230600
Woodie	0.195100	0.208650	0.215100	0.228650	0.235100	0.248650	0.255100
Fibonacci	0.209833	0.217473	0.222193	0.229833	0.237473	0.242193	0.249833

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.187367	0.199333	0.217067	0.229033	0.246767	0.258733	0.276467
Camarilla	0.226633	0.229355	0.232078	0.234800	0.237523	0.240245	0.242968
Woodie	0.190250	0.200775	0.219950	0.230475	0.249650	0.260175	0.279350
Fibonacci	0.199333	0.210679	0.217688	0.229033	0.240379	0.247388	0.258733

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.91
MACD (12,26,9):	0.0008
Directional Movement:	-2.077305
AROON (14):	78.571429
DEMA (21):	0.224068
Parabolic SAR (0,02-0,02-0,2):	0.242200
Elder Ray (13):	0.001065
Super Trend (3,10):	0.251813
Zig ZAG (10):	0.224800
VORTEX (21):	1.0882
Stochastique (14,3,5):	62.54
TEMA (21):	0.230407
Williams %R (14):	-49.19
Chande Momentum Oscillator (20):	0.010900
Repulse (5,40,3):	-4.7865
ROCnROLL:	2
TRIX (15,9):	-0.0593
Courbe Coppock:	13.49

MA7:	0.227943
MA20:	0.221595
MA50:	0.233568
MA100:	0.239528
MAexp7:	0.227187
MAexp20:	0.224257
MAexp50:	0.233768
MAexp100:	0.271613
Price / MA7:	-1.29%
Price / MA20:	+1.54%
Price / MA50:	-3.67%
Price / MA100:	-6.07%
Price / MAexp7:	-0.96%
Price / MAexp20:	+0.33%
Price / MAexp50:	-3.75%
Price / MAexp100:	-17.16%

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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