OMG NETWORK - OMG/USD - 1H - Technical analysis published on 03/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
44%
0%
56%
My opinion
Bullish above 0.510000 USD
My targets
0.540000 USD (+3.85%)
0.560000 USD (+7.69%)
My analysis
A bullish trend on OMISEGO - OMG/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.510000 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.540000 USD. Then the price could move towards 0.560000 USD. Then 0.580000 USD by extension. Be careful, a return below 0.510000 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5
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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 OMISEGO - OMG/USD rating is 0.520000 USD. The price has increased by +8.33% since the last closing with the lowest point at 0.480000 USD and the highest point at 0.530000 USD. The deviation from the price is +8.33% for the low point and -1.89% for the high point.0.480000
0.530000
0.520000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of OMISEGO - OMG/USD in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.440000 | 0.460000 | 0.490000 | 0.520000 | 0.540000 | 0.560000 | 0.580000 |
| Change (%) | -15.38% | -11.54% | -5.77% | - | +3.85% | +7.69% | +11.54% |
| Change | -0.080000 | -0.060000 | -0.030000 | - | +0.020000 | +0.040000 | +0.060000 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Minor |
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 | 0.366667 | 0.413333 | 0.446667 | 0.493333 | 0.526667 | 0.573333 | 0.606667 |
| Camarilla | 0.458000 | 0.465333 | 0.472667 | 0.480000 | 0.487333 | 0.494667 | 0.502000 |
| Woodie | 0.360000 | 0.410000 | 0.440000 | 0.490000 | 0.520000 | 0.570000 | 0.600000 |
| Fibonacci | 0.413333 | 0.443893 | 0.462773 | 0.493333 | 0.523893 | 0.542773 | 0.573333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.220000 | 0.310000 | 0.420000 | 0.510000 | 0.620000 | 0.710000 | 0.820000 |
| Camarilla | 0.475000 | 0.493333 | 0.511667 | 0.530000 | 0.548333 | 0.566667 | 0.585000 |
| Woodie | 0.230000 | 0.315000 | 0.430000 | 0.515000 | 0.630000 | 0.715000 | 0.830000 |
| Fibonacci | 0.310000 | 0.386400 | 0.433600 | 0.510000 | 0.586400 | 0.633600 | 0.710000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.040000 | 0.380000 | 0.620000 | 1.040000 | 1.280000 | 1.700000 | 1.940000 |
| Camarilla | 0.678500 | 0.739000 | 0.799500 | 0.860000 | 0.920500 | 0.981000 | 1.041500 |
| Woodie | -0.130000 | 0.335000 | 0.530000 | 0.995000 | 1.190000 | 1.655000 | 1.850000 |
| Fibonacci | 0.380000 | 0.632120 | 0.787880 | 1.040000 | 1.292120 | 1.447880 | 1.700000 |
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): | 51.02 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | 3.737887 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.521072 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.478954 | |
| Elder Ray (13): | -0.001094 | |
| Super Trend (3,10): | 0.461333 | |
| Zig ZAG (10): | 0.520000 | |
| VORTEX (21): | 1.0652 | |
| Stochastique (14,3,5): | 80.00 | |
| TEMA (21): | 0.527153 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.030000 | |
| Repulse (5,40,3): | 2.4318 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1967 | |
| Courbe Coppock: | 11.89 |
| MA7: | 0.504286 | |
| MA20: | 0.609500 | |
| MA50: | 0.888200 | |
| MA100: | 0.803400 | |
| MAexp7: | 0.517754 | |
| MAexp20: | 0.510730 | |
| MAexp50: | 0.505132 | |
| MAexp100: | 0.505007 | |
| Price / MA7: | +3.12% | |
| Price / MA20: | -14.68% | |
| Price / MA50: | -41.45% | |
| Price / MA100: | -35.28% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +1.82% | |
| Price / MAexp50: | +2.94% | |
| Price / MAexp100: | +2.97% |
This member declared not having a position on this financial instrument or a related financial instrument.
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