We see a clear head & shoulders pattern on the daily / weekly chart, and it seems to be breaking to the downside momentarily.
Following the projection of the blue trendline, we see a possibility of a 24% drop in price over the upcoming week - a nice shorting opportunity.
I would start filling up my bags around the yellow & green dotted lines, as it will most likely turn around with some bullish momentum.
In the long term, I still remain bullish on OGN and believe it will have a nice run-up in this next alt-season.
Please like and leave a comment if you have any further suggestions :)
Following the projection of the blue trendline, we see a possibility of a 24% drop in price over the upcoming week - a nice shorting opportunity.
I would start filling up my bags around the yellow & green dotted lines, as it will most likely turn around with some bullish momentum.
In the long term, I still remain bullish on OGN and believe it will have a nice run-up in this next alt-season.
Please like and leave a comment if you have any further suggestions :)
Nota
Congrats to all who followed this idea and took profits on this spicy dip!Follow me for more ideas =)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.