OGNBTC is currently trading on a symmetrical triangle and is sitting at strong support trend line.
Current price of OGNBTC is 2759 sat.
From this level we can expect a strong bounce back towards the first and second targets at 3041 and 3170 sat respectively.
If the price breaks up and holds above the resistance trend line we can expect further upward movement towards target 4 in short term.
Entry: ~2740-2760 sat (green box)
Target 1: 3041 sat
Target 2: 3170 sat
Target 3: 3460 sat
Target 4: 4487 sat
Stop Loss: Below the support trend line.
Current price of OGNBTC is 2759 sat.
From this level we can expect a strong bounce back towards the first and second targets at 3041 and 3170 sat respectively.
If the price breaks up and holds above the resistance trend line we can expect further upward movement towards target 4 in short term.
Entry: ~2740-2760 sat (green box)
Target 1: 3041 sat
Target 2: 3170 sat
Target 3: 3460 sat
Target 4: 4487 sat
Stop Loss: Below the support trend line.
Trade closed: target reached:
Targets 1 and 2 easily reached within a couple of hours. If OGNBTC stays above the triangle we are bullish towards targets 3 and 4.
Trade closed: target reached:
Target 3 now reached. Easily booked 25% profit within some days. Heading towards target 4 now
