x10 Potential - Cup+handle and breakout on OGN/BTC
Many altcoins have reached their ATH, or are close to doing so since the most recent crypto crash. OGN is still to catch up to the rest of the pack, however this seems like a perfect buying opportunity as multiple patterns are being formed, and as long as BTC continues to push or stay stable, and volume remains stable on OGN, we could see a big push, potentially up to 7-10x return.
Cup and handle formed on the 1h and on the daily chart, along with a potential breakout of the triangle. A little more volume may be necessary, however we could see a major push very soon.
Using the fib extension, we can set the following take profits:
TP1 = 5162 (+47%) - matches perfectly with the previous high wick that reached 5225.
TP2 = 6150 (+75%) - matches with the price reached at 6400.
TP3 = 20000 (+471%) - ATH .
Stop loss = 3000.
Please give me advice and potential constructive criticism on my analysis. I would love to hear analysis and the perspective of a more experienced trader, and someone with more experience in technical analysis.
Cup and handle formed on the 1h and on the daily chart, along with a potential breakout of the triangle. A little more volume may be necessary, however we could see a major push very soon.
Using the fib extension, we can set the following take profits:
TP1 = 5162 (+47%) - matches perfectly with the previous high wick that reached 5225.
TP2 = 6150 (+75%) - matches with the price reached at 6400.
TP3 = 20000 (+471%) - ATH .
Stop loss = 3000.
Please give me advice and potential constructive criticism on my analysis. I would love to hear analysis and the perspective of a more experienced trader, and someone with more experience in technical analysis.