OMG NETWORK - OMG/USD
OMG NETWORK - OMG/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: OMGUSD
ISIN:

OMG NETWORK - OMG/USD - 1H - Technical analysis published on 04/27/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
33%
44%
22%
My opinion
Bullish above 0.626667 USD
My targets
0.673333 USD (+2.02%)
0.724000 USD (+9.70%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on OMISEGO - OMG/USD. As long as you are above the support located at 0.626667 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.673333 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.724000 USD as an objective. Crossing it would then enable buyers to target 0.928000 USD. If the support 0.626667 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.2

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The OMISEGO - OMG/USD rating is 0.660000 USD. On the day, this instrument gained +0.00% with the lowest point at 0.640000 USD and the highest point at 0.690000 USD. The deviation from the price is +3.13% for the low point and -4.35% for the high point.

0.640000
0.690000
0.660000

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

Technical


A technical analysis in 1H of this OMISEGO - OMG/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.562727 0.590000 0.620000 0.660000 0.724000 0.928000 1.045710
Change (%) -14.74% -10.61% -6.06% - +9.70% +40.61% +58.44%
Change -0.097273 -0.070000 -0.040000 - +0.064000 +0.268000 +0.385710
Level Major Major Intermediate - Minor Minor Major



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
Standard0.5766670.5933330.6266670.6433330.6766670.6933330.726667
Camarilla0.6462500.6508330.6554170.6600000.6645830.6691670.673750
Woodie0.5850000.5975000.6350000.6475000.6850000.6975000.735000
Fibonacci0.5933330.6124330.6242330.6433330.6624330.6742330.693333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.4333330.4766670.5533330.5966670.6733330.7166670.793333
Camarilla0.5970000.6080000.6190000.6300000.6410000.6520000.663000
Woodie0.4500000.4850000.5700000.6050000.6900000.7250000.810000
Fibonacci0.4766670.5225070.5508270.5966670.6425070.6708270.716667


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.506667-0.0933330.2133330.6266670.9333331.3466671.653333
Camarilla0.3220000.3880000.4540000.5200000.5860000.6520000.718000
Woodie-0.560000-0.1200000.1600000.6000000.8800001.3200001.600000
Fibonacci-0.0933330.1817070.3516270.6266670.9017071.0716271.346667

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): 45.83
MACD (12,26,9): -0.0007
Directional Movement: -8.860770
AROON (14): -100.000000
DEMA (21): 0.659262
Parabolic SAR (0,02-0,02-0,2): 0.678665
Elder Ray (13): -0.011699
Super Trend (3,10): 0.685430
Zig ZAG (10): 0.650000
VORTEX (21): 0.9655
Stochastique (14,3,5): 15.00
TEMA (21): 0.652255
Williams %R (14): -75.00
Chande Momentum Oscillator (20): -0.010000
Repulse (5,40,3): 0.4371
ROCnROLL: -1
TRIX (15,9): 0.0864
Courbe Coppock: 5.15
MA7: 0.615714
MA20: 0.586500
MA50: 0.557200
MA100: 0.770100
MAexp7: 0.652314
MAexp20: 0.657737
MAexp50: 0.649438
MAexp100: 0.633311
Price / MA7: +7.19%
Price / MA20: +12.53%
Price / MA50: +18.45%
Price / MA100: -14.30%
Price / MAexp7: +1.18%
Price / MAexp20: +0.34%
Price / MAexp50: +1.63%
Price / MAexp100: +4.21%

This member declared not having a position on this financial instrument or a related financial instrument.

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