Origin Protocol (OGN) vs USD

2020年11月6日

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.

2020年11月10日

交易進行

2020年12月1日

交易進行

2021年1月31日

註釋

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

2021年2月9日

註釋

370% - alt-coin season be here.

2021年3月14日

註釋

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.

2021年4月7日

註釋

2500% - fantastic.

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

2021年5月21日

手動結束交易

Well done if you secured profits at overbought conditions!