OGNUSDT , DESCENDING TRIANGLE , WHAT'S NEXT ?
Hello Traders!
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Checking OGN on 1D time frame chart is trading inside a descending triangle making lower highs while making equals lower lows , local S/R exist on 0.369$ price re-tested this zone suggestion that buying will take price higher from
there , we already faced a S&D pattern before ( RALLY DROP RALLY ) , local S/R is acting as a good zone for buyers we might see the price could consolidate before approaching to the next resistance level on 0.5201$
- It will be a trigger if buyers managed to break the upper trendline of the descending triangle , if not sellers will push the price again towards previous local S/R 0.3369$ and even lower towards strong support zone on 0.2000$ which act as an psychological support , meanwhile i will be monitoring BTC performance suggesting that it could trade lower towards 34k -30k levels , taking the Market cap down below.
Good Luck Traders.
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Checking OGN on 1D time frame chart is trading inside a descending triangle making lower highs while making equals lower lows , local S/R exist on 0.369$ price re-tested this zone suggestion that buying will take price higher from
there , we already faced a S&D pattern before ( RALLY DROP RALLY ) , local S/R is acting as a good zone for buyers we might see the price could consolidate before approaching to the next resistance level on 0.5201$
- It will be a trigger if buyers managed to break the upper trendline of the descending triangle , if not sellers will push the price again towards previous local S/R 0.3369$ and even lower towards strong support zone on 0.2000$ which act as an psychological support , meanwhile i will be monitoring BTC performance suggesting that it could trade lower towards 34k -30k levels , taking the Market cap down below.
Good Luck Traders.
Trade closed: stop reached