ORIGIN PROTOCOL - OGN/USD - 1H - Technical analysis published on 08/17/2023 (GMT)
- 165
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 0.084227 USD
My targets
0.082910 USD (-0.81%)
0.075250 USD (-9.98%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ORIGIN PROTOCOL - OGN/USD as long as the price remains well below 0.084227 USD. The sellers' bearish objective is set at 0.082910 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.075250 USD. In case of crossing, the next objective would be the support located at 0.067200 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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 0.083590 USD. The price registered a decrease of -0.06% on the session with the lowest point at 0.082180 USD and the highest point at 0.084070 USD. The deviation from the price is +1.72% for the low point and -0.57% for the high point.0.082180
0.084070
0.083590
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ORIGIN PROTOCOL - OGN/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.067200 | 0.075250 | 0.082910 | 0.083590 | 0.088370 | 0.093243 | 0.096920 |
| Change (%) | -19.61% | -9.98% | -0.81% | - | +5.72% | +11.55% | +15.95% |
| Change | -0.016390 | -0.008340 | -0.000680 | - | +0.004780 | +0.009653 | +0.013330 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | 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 | 0.073003 | 0.077107 | 0.080373 | 0.084477 | 0.087743 | 0.091847 | 0.095113 |
| Camarilla | 0.081613 | 0.082289 | 0.082964 | 0.083640 | 0.084316 | 0.084991 | 0.085667 |
| Woodie | 0.072585 | 0.076898 | 0.079955 | 0.084268 | 0.087325 | 0.091638 | 0.094695 |
| Fibonacci | 0.077107 | 0.079922 | 0.081661 | 0.084477 | 0.087292 | 0.089031 | 0.091847 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.084227 | 0.088113 | 0.091857 | 0.095743 | 0.099487 | 0.103373 | 0.107117 |
| Camarilla | 0.093502 | 0.094201 | 0.094901 | 0.095600 | 0.096299 | 0.096999 | 0.097698 |
| Woodie | 0.084155 | 0.088078 | 0.091785 | 0.095708 | 0.099415 | 0.103338 | 0.107045 |
| Fibonacci | 0.088113 | 0.091028 | 0.092829 | 0.095743 | 0.098658 | 0.100459 | 0.103373 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000183 | 0.037367 | 0.070633 | 0.107817 | 0.141083 | 0.178267 | 0.211533 |
| Camarilla | 0.084526 | 0.090984 | 0.097442 | 0.103900 | 0.110358 | 0.116816 | 0.123274 |
| Woodie | -0.001775 | 0.036388 | 0.068675 | 0.106838 | 0.139125 | 0.177288 | 0.209575 |
| Fibonacci | 0.037367 | 0.064279 | 0.080905 | 0.107817 | 0.134729 | 0.151355 | 0.178267 |
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): | 42.10 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -15.756841 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.083223 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.087011 | |
| Elder Ray (13): | -0.000833 | |
| Super Trend (3,10): | 0.087457 | |
| Zig ZAG (10): | 0.084070 | |
| VORTEX (21): | 0.8764 | |
| Stochastique (14,3,5): | 31.39 | |
| TEMA (21): | 0.083240 | |
| Williams %R (14): | -61.19 | |
| Chande Momentum Oscillator (20): | -0.000320 | |
| Repulse (5,40,3): | 1.5023 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2086 | |
| Courbe Coppock: | 4.87 |
| MA7: | 0.090327 | |
| MA20: | 0.096488 | |
| MA50: | 0.090045 | |
| MA100: | 0.088002 | |
| MAexp7: | 0.083782 | |
| MAexp20: | 0.084955 | |
| MAexp50: | 0.087452 | |
| MAexp100: | 0.089950 | |
| Price / MA7: | -7.46% | |
| Price / MA20: | -13.37% | |
| Price / MA50: | -7.17% | |
| Price / MA100: | -5.01% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -1.61% | |
| Price / MAexp50: | -4.42% | |
| Price / MAexp100: | -7.07% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ORIGIN PROTOCOL - OGN/USD - 1H