ORIGIN PROTOCOL - OGN/USD - 1H - Technical analysis published on 07/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.085480 USD
My targets
0.079700 USD (-2.50%)
0.078720 USD (-3.69%)
My analysis
In a bearish trend, the price of ORIGIN PROTOCOL - OGN/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.085480 USD. A bearish break in the support located at 0.079700 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.078720 USD. Then 0.067200 USD by extension. It would be safer to wait for a bearish break in the support located at 0.079700 USD before allowing yourself to re trade short positions (for sale) on ORIGIN PROTOCOL - OGN/USD. PS: if there is a bullish break in the resistance located at 0.085480 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, technical indicators are in opposition with the general bearish 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
0
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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 0.081740 USD. The price registered a decrease of -0.02% on the session and was traded between 0.081190 USD and 0.081780 USD over the period. The price is currently at +0.68% from its lowest and -0.05% from its highest.0.081190
0.081780
0.081740
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ORIGIN PROTOCOL - OGN/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.078720 | 0.079700 | 0.081320 | 0.081740 | 0.082103 | 0.085480 | 0.087477 |
| Change (%) | -3.69% | -2.50% | -0.51% | - | +0.44% | +4.58% | +7.02% |
| Change | -0.003020 | -0.002040 | -0.000420 | - | +0.000363 | +0.003740 | +0.005737 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 0.075823 | 0.077167 | 0.079463 | 0.080807 | 0.083103 | 0.084447 | 0.086743 |
| Camarilla | 0.080759 | 0.081093 | 0.081426 | 0.081760 | 0.082094 | 0.082427 | 0.082761 |
| Woodie | 0.076300 | 0.077405 | 0.079940 | 0.081045 | 0.083580 | 0.084685 | 0.087220 |
| Fibonacci | 0.077167 | 0.078557 | 0.079416 | 0.080807 | 0.082197 | 0.083056 | 0.084447 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.068570 | 0.073640 | 0.078660 | 0.083730 | 0.088750 | 0.093820 | 0.098840 |
| Camarilla | 0.080905 | 0.081830 | 0.082755 | 0.083680 | 0.084605 | 0.085530 | 0.086455 |
| Woodie | 0.068545 | 0.073628 | 0.078635 | 0.083718 | 0.088725 | 0.093808 | 0.098815 |
| Fibonacci | 0.073640 | 0.077494 | 0.079876 | 0.083730 | 0.087584 | 0.089966 | 0.093820 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.025007 | 0.043683 | 0.062197 | 0.080873 | 0.099387 | 0.118063 | 0.136577 |
| Camarilla | 0.070483 | 0.073892 | 0.077301 | 0.080710 | 0.084119 | 0.087528 | 0.090937 |
| Woodie | 0.024925 | 0.043643 | 0.062115 | 0.080833 | 0.099305 | 0.118023 | 0.136495 |
| Fibonacci | 0.043683 | 0.057890 | 0.066667 | 0.080873 | 0.095080 | 0.103857 | 0.118063 |
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): | 53.39 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -4.906841 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.080793 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.081780 | |
| Elder Ray (13): | 0.000546 | |
| Super Trend (3,10): | 0.082132 | |
| Zig ZAG (10): | 0.081510 | |
| VORTEX (21): | 0.9578 | |
| Stochastique (14,3,5): | 85.25 | |
| TEMA (21): | 0.081135 | |
| Williams %R (14): | -15.97 | |
| Chande Momentum Oscillator (20): | 0.000400 | |
| Repulse (5,40,3): | 0.3254 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0488 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.082606 | |
| MA20: | 0.082361 | |
| MA50: | 0.081662 | |
| MA100: | 0.094392 | |
| MAexp7: | 0.081180 | |
| MAexp20: | 0.080992 | |
| MAexp50: | 0.081557 | |
| MAexp100: | 0.082156 | |
| Price / MA7: | -1.05% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | +0.10% | |
| Price / MA100: | -13.40% | |
| Price / MAexp7: | +0.69% | |
| Price / MAexp20: | +0.92% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | -0.51% |
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.
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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