Hello everyone 😃
OGN is breaking out the falling wedge.
There is one more 6H candle needed for OGN to hold above wedge; After a retest, It can reach higher levels in mid-term.
However BTC is not showing fine now, But it is possible to have pullback from wedge's higher line.
So generally it's bullish and but for farther confirmations, We can...
Origin protocol made some crucial partnerships and did some exciting things with NFT's.
Origin also has a star studded team that is continually working on the growth of the project.
wait for MACD crossover
Holding level at previous swing high of $1.41
OGN has been consolidating and correcting the price for a while now.
You can catch the breakout right after the confirmation. wait for the breakout, don't FOMO.
This will happen right after the first 4H candle closure above the resistance area as shown on chart.
It's not pumping or dumping for now!
⚠️ NOTE: This usually happens when a coin gets hot on crypto...
Origin Protocol Update 07/05/21:152% Move to $4 from DCA Zone. Note on this move back up to the ATH levels we may retest the 23.60% Fibonacci once more before we starting pushing up to the upside towards our $4 price target as the current Stochastics show an oversold market but there is still some more room for some downward selling pressure. See previous Analysis...
Update 05/05/21: Origin Protocol 150% Move to $4 from DCA Zone. Since the 27th March Origin Protocol has increased in price by over 300% in this parabolic move from $0.78 to $3.36 and has since retraced down 50% to $1.62. Use Buy Zone to map out your buys. Happy Trading :)
Origin Protocol 128% Move to $4 @ 127.20% Fibonacci level from Buy Zone...
We can see that every time SAR was moving along trendline, there was a bullish movement. This time SAR has been moving longer and more acuratelly, and we entered back above 0.5 Fib Retracement. Trendline has been acting as a strong support. This time 0.5 FIb Retracement might shoot price above 0.786 Fib Retracemnt.
Looking forward your opinion guys.
Fantastic place to pick up OGN with low risk, in my opinion. Triple support, including 2 long term trendlines converging just below price. Daily has a recent fresh momentum high and stochastics are bottomed out. This one is ready. Set a stop order under the support cluster for excellent risk-reward ratio.
Note: Post is for entertainment and educational...