OMG NETWORK - OMG/USD - 1H - Technical analysis published on 09/17/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.10 USD
My targets
1.45 USD (+29.46%)
1.89 USD (+68.75%)
My analysis
The bullish trend is currently very strong on OmiseGo - OMG/USD. As long as the price remains above the support at 1.10 USD, you could try to benefit from the boom. The first bullish objective is located at 1.45 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.89 USD as an objective. Crossing it would then enable buyers to target 2.47 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.9
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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
OmiseGo - OMG/USD rating 1.12 USD. The price has increased by +5.66% since the last closing and was traded between 1.04 USD and 1.12 USD over the period. The price is currently at +7.69% from its lowest and 0% from its highest.1.04
1.12
1.12
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OmiseGo - OMG/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.08 | 1.09 | 1.10 | 1.12 | 1.45 | 1.89 | 2.47 |
| Change (%) | -3.57% | -2.68% | -1.79% | - | +29.46% | +68.75% | +120.54% |
| Change | -0.04 | -0.03 | -0.02 | - | +0.33 | +0.77 | +1.35 |
| Level | Major | Minor | Minor | - | Minor | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.00 | 1.01 | 1.04 | 1.05 | 1.08 | 1.09 | 1.12 |
| Camarilla | 1.05 | 1.05 | 1.06 | 1.06 | 1.06 | 1.07 | 1.07 |
| Woodie | 1.00 | 1.02 | 1.04 | 1.06 | 1.08 | 1.10 | 1.12 |
| Fibonacci | 1.01 | 1.03 | 1.04 | 1.05 | 1.07 | 1.08 | 1.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 0.96 | 1.01 | 1.05 | 1.10 | 1.14 | 1.19 |
| Camarilla | 1.03 | 1.03 | 1.04 | 1.05 | 1.06 | 1.07 | 1.08 |
| Woodie | 0.92 | 0.96 | 1.01 | 1.05 | 1.10 | 1.14 | 1.19 |
| Fibonacci | 0.96 | 1.00 | 1.02 | 1.05 | 1.09 | 1.11 | 1.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06 | 1.24 | 1.15 | 1.33 | 1.24 | 1.42 | 1.33 |
| Camarilla | 1.03 | 1.03 | 1.04 | 1.05 | 1.06 | 1.07 | 1.08 |
| Woodie | 0.92 | 1.17 | 1.01 | 1.26 | 1.10 | 1.35 | 1.19 |
| Fibonacci | 1.24 | 1.28 | 1.30 | 1.33 | 1.37 | 1.39 | 1.42 |
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): | 85.58 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 38.16 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 1.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.07 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.08 | |
| Zig ZAG (10): | 1.12 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 90.48 | |
| TEMA (21): | 1.11 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 2.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 9.76 |
| MA7: | 1.12 | |
| MA20: | 1.09 | |
| MA50: | 1.23 | |
| MA100: | 1.63 | |
| MAexp7: | 1.10 | |
| MAexp20: | 1.08 | |
| MAexp50: | 1.07 | |
| MAexp100: | 1.06 | |
| Price / MA7: | -0% | |
| Price / MA20: | +2.75% | |
| Price / MA50: | -8.94% | |
| Price / MA100: | -31.29% | |
| Price / MAexp7: | +1.82% | |
| Price / MAexp20: | +3.70% | |
| Price / MAexp50: | +4.67% | |
| Price / MAexp100: | +5.66% |
This member declared not having a position on this financial instrument or a related financial instrument.
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