OMG NETWORK - OMG/USD - Daily - Technical analysis published on 03/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 4.48 USD
My targets
5.21 USD (+10.08%)
5.49 USD (+16.07%)
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 OMG NETWORK - OMG/USD. As long as you are above the support located at 4.48 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.21 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 5.49 USD as an objective. Crossing it would then enable buyers to target 5.99 USD. If the support 4.48 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.
Technical indicators are opposing the general bullish 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
0.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMG NETWORK - OMG/USD price is 4.73 USD. On the day, this instrument gained +1.94% and was between 4.52 USD and 4.84 USD. This implies that the price is at +4.65% from its lowest and at -2.27% from its highest.4.52
4.84
4.73
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OMG NETWORK - OMG/USD:
Technical
Technical analysis of OMG NETWORK - OMG/USD in Daily shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2.81 | 3.46 | 4.48 | 4.73 | 5.49 | 5.99 | 6.41 |
Change (%) | -40.59% | -26.85% | -5.29% | - | +16.07% | +26.64% | +35.52% |
Change | -1.92 | -1.27 | -0.25 | - | +0.76 | +1.26 | +1.68 |
Level | Major | Minor | Major | - | Minor | Minor | Major |
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 | 4.00 | 4.15 | 4.40 | 4.55 | 4.80 | 4.95 | 5.20 |
Camarilla | 4.53 | 4.57 | 4.60 | 4.64 | 4.68 | 4.71 | 4.75 |
Woodie | 4.04 | 4.18 | 4.44 | 4.58 | 4.84 | 4.98 | 5.24 |
Fibonacci | 4.15 | 4.31 | 4.40 | 4.55 | 4.71 | 4.80 | 4.95 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.58 | 2.16 | 3.37 | 4.95 | 6.16 | 7.74 | 8.95 |
Camarilla | 3.80 | 4.06 | 4.31 | 4.57 | 4.83 | 5.08 | 5.34 |
Woodie | 0.39 | 2.07 | 3.18 | 4.86 | 5.97 | 7.65 | 8.76 |
Fibonacci | 2.16 | 3.23 | 3.89 | 4.95 | 6.02 | 6.68 | 7.74 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -2.19 | 0.60 | 2.42 | 5.21 | 7.03 | 9.82 | 11.64 |
Camarilla | 2.98 | 3.41 | 3.83 | 4.25 | 4.67 | 5.10 | 5.52 |
Woodie | -2.67 | 0.36 | 1.95 | 4.97 | 6.56 | 9.58 | 11.17 |
Fibonacci | 0.60 | 2.36 | 3.45 | 5.21 | 6.97 | 8.06 | 9.82 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 45.39 | |
MACD (12,26,9): | -0.1300 | |
Directional Movement: | -7.69 | |
AROON (14): | -14.29 | |
DEMA (21): | 4.86 | |
Parabolic SAR (0,02-0,02-0,2): | 6.21 | |
Elder Ray (13): | -0.16 | |
Super Trend (3,10): | 6.60 | |
Zig ZAG (10): | 4.66 | |
VORTEX (21): | 0.9000 | |
Stochastique (14,3,5): | 29.59 | |
TEMA (21): | 4.48 | |
Williams %R (14): | -67.38 | |
Chande Momentum Oscillator (20): | -0.91 | |
Repulse (5,40,3): | 1.1400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 47.78 |
MA7: | 4.62 | |
MA20: | 5.24 | |
MA50: | 4.71 | |
MA100: | 3.96 | |
MAexp7: | 4.70 | |
MAexp20: | 4.94 | |
MAexp50: | 4.72 | |
MAexp100: | 4.26 | |
Price / MA7: | +2.38% | |
Price / MA20: | -9.73% | |
Price / MA50: | +0.42% | |
Price / MA100: | +19.44% | |
Price / MAexp7: | +0.64% | |
Price / MAexp20: | -4.25% | |
Price / MAexp50: | +0.21% | |
Price / MAexp100: | +11.03% |
Quotes :
2021-03-06 16:34:09
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Real time data
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