OMG NETWORK - OMG/USD
OMG NETWORK - OMG/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: OMGUSD
ISIN:

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

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:
1H Weekly

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.

Central Gaps

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard4.004.154.404.554.804.955.20
Camarilla4.534.574.604.644.684.714.75
Woodie4.044.184.444.584.844.985.24
Fibonacci4.154.314.404.554.714.804.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.582.163.374.956.167.748.95
Camarilla3.804.064.314.574.835.085.34
Woodie0.392.073.184.865.977.658.76
Fibonacci2.163.233.894.956.026.687.74


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-2.190.602.425.217.039.8211.64
Camarilla2.983.413.834.254.675.105.52
Woodie-2.670.361.954.976.569.5811.17
Fibonacci0.602.363.455.216.978.069.82

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 - Real time data - Cryptocompare

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

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