OGNUSDT (ORIGIN PROTOCOL) – UPTREND CONTINUATION

OGNUSDT (ORIGIN PROTOCOL) – UPTREND CONTINUATION

Origin Protocol / TetherUS BINANCE:OGNUSDT


ANALYSIS 🔎
OGNUSDT brokeout above the double bottom neckline resistance and hit a swing high.
– Price retraced for a retest of the flip horizontal support (neckline resistance) and the 0.618 fibonacci retracement level.
– There’s a relatively high concentration of buyers (buying pressure) at the retest zone.
– The retracement is bounded in a descending channel ( bullish flag ).
– There’s an uptrend continuation possibility.

BUY ENTRY ⬆️
– Breakout above the descending channel’s ( bullish flag ) resistance.

TARGETS 🎯
– Horizontal resistance level (R1).
– Horizontal resistance level (R2).
Fibonacci extension levels.

SETUP INVALIDATION ❌
– Breakdown below the 0.786 fibonacci retracement level.

Leave a Reply

Your email address will not be published. Required fields are marked *