*important consideration:This analysis was strictly from price action, chart patterns, and MA analysis. I did not consider any internal indicators, which tell or support their own story, separately.
OGNUSDT
OGNUSD
$OGN #OGN Day of Reckoning
🐮 Case
1. Holds sma 50 & bounces @.97cents
2. Holds sma 200 & bounces @.90 cents
🐻 Case
3. Loses sma 200 @ .90cents
4. Completes neckline of H&S @.84cents 😬
+ current bull market, 5. golden cross on 11/18, and price action currently above the 200sma
- multiple ema x bearishly
Is OGN🐮 or a 🐻?
6. Could we get a bounce, uptrend, recovery and a way we go like at the end of October where price action was generally more bearish under both the 50 and 200 SMAs? Possibly...
*Not financial advice
OGNUSDT
OGNUSD
$OGN #OGN Day of Reckoning
🐮 Case
1. Holds sma 50 & bounces @.97cents
2. Holds sma 200 & bounces @.90 cents
🐻 Case
3. Loses sma 200 @ .90cents
4. Completes neckline of H&S @.84cents 😬
+ current bull market, 5. golden cross on 11/18, and price action currently above the 200sma
- multiple ema x bearishly
Is OGN🐮 or a 🐻?
6. Could we get a bounce, uptrend, recovery and a way we go like at the end of October where price action was generally more bearish under both the 50 and 200 SMAs? Possibly...
*Not financial advice
Trade closed: target reached:
Chose Bear and an abrupt downtrend after it completed the neckline on the H&S.