OMG NETWORK - OMG/USD - Daily - Technical analysis published on 06/18/2019 (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
39%
22%
39%
My opinion
Bullish above 1.89 USD
My targets
2.18 USD (+6.34%)
2.36 USD (+15.12%)
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 1.89 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.18 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 2.36 USD as an objective. Crossing it would then enable buyers to target 2.47 USD. If the support 1.89 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.
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:
Additional analysis
Quotes
OmiseGo - OMG/USD rating 2.05 USD. The price is lower by -3.30% since the last closing and was traded between 2.01 USD and 2.12 USD over the period. The price is currently at +1.99% from its lowest and -3.30% from its highest.2.01
2.12
2.05
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of OmiseGo - OMG/USD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.18 | 1.64 | 1.89 | 2.05 | 2.18 | 2.36 | 2.47 |
| Change (%) | -42.44% | -20.00% | -7.80% | - | +6.34% | +15.12% | +20.49% |
| Change | -0.87 | -0.41 | -0.16 | - | +0.13 | +0.31 | +0.42 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 1.97 | 2.02 | 2.07 | 2.12 | 2.17 | 2.22 | 2.27 |
| Camarilla | 2.09 | 2.10 | 2.11 | 2.12 | 2.13 | 2.14 | 2.15 |
| Woodie | 1.97 | 2.02 | 2.07 | 2.12 | 2.17 | 2.22 | 2.27 |
| Fibonacci | 2.02 | 2.06 | 2.08 | 2.12 | 2.16 | 2.18 | 2.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.57 | 1.71 | 1.91 | 2.05 | 2.25 | 2.39 | 2.59 |
| Camarilla | 2.02 | 2.05 | 2.08 | 2.11 | 2.14 | 2.17 | 2.20 |
| Woodie | 1.60 | 1.73 | 1.94 | 2.07 | 2.28 | 2.40 | 2.62 |
| Fibonacci | 1.71 | 1.84 | 1.92 | 2.05 | 2.18 | 2.26 | 2.39 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.56 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 5.38 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 2.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.25 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.68 | |
| Zig ZAG (10): | 2.05 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 58.65 | |
| TEMA (21): | 2.08 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -4.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 2.81 |
| MA7: | 2.10 | |
| MA20: | 2.08 | |
| MA50: | 1.95 | |
| MA100: | 1.87 | |
| MAexp7: | 2.08 | |
| MAexp20: | 2.07 | |
| MAexp50: | 1.99 | |
| MAexp100: | 1.88 | |
| Price / MA7: | -2.38% | |
| Price / MA20: | -1.44% | |
| Price / MA50: | +5.13% | |
| Price / MA100: | +9.63% | |
| Price / MAexp7: | -1.44% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | +3.02% | |
| Price / MAexp100: | +9.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
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