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 =)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.