Origin Protocol (OGN) vs USD

6 Nov 2020

Following an overbought condition (green column) a 80% correction occurred from August on the above 1-day chart. We now have a oversold condition (orange column) presenting an excellent opportunity.

Some facts:

1) Past resistance (January 2020) is tested as support. Today’s price action confirms support (orange line).

2) Yesterday’s price action closed higher with little to no shadow to the upside printing a Dragonfly DOJI. That reversal was confirmed today with the higher high closing price suggesting a lot more momentum is to come.

3) RSI resistance was recently broken and confirmed as support.

4) Stochastic RSI is oversold and now crossing upward.

Is it possible more downside is to come? Absolutely.

It is probable more downside will occur? Unlikely. The risk reward ratio at this moment in time is excellent.

10 Nov 2020

Dagangan aktif

1 Dis 2020

Dagangan aktif

31 Jan 2021

Nota

80% to the upside so far - still much more room for upside, be patient.

9 Feb 2021

Nota

370% - alt-coin season be here.

14 Mac 2021

Nota

Now up more than 700% in 4-months. Should be taking profits!

Stochastic RSI is crossing down 80, expect a 10-20% pullback before continuing uptrend.

7 Apr 2021

Nota

2500% - fantastic.

Two overbought conditions so far (green columns). For the moment they are likely to continue for as long as RSI support holds.

21 Mei 2021

Dagangan ditutup secara manual

Well done if you secured profits at overbought conditions!