OriginToken Full Chart Analysis (Support, Target, Correction...)
The bullish cycle started in January 2021 for OriginToken (OGNBTC), just as it happened for most other Altcoins.
We have a peak that was hit in April and 200 days of correction until October when a cup pattern showed up.
Now we are seeing OGNBTC trading above EMA10/50.
We see it trading above support.
The correction took the price below the 0.786 Fib. retracement level and then it went back above.
This is an indication that OGNBTC has completed its correction and is ready to resume its growth.
Strong bullish above "support" (Green arrow).
Lots of room for dropping below support (red arrows).
As long as OGNBTC stays above this "support" level, we stay strongly bullish/aiming up.
Namaste.
We have a peak that was hit in April and 200 days of correction until October when a cup pattern showed up.
Now we are seeing OGNBTC trading above EMA10/50.
We see it trading above support.
The correction took the price below the 0.786 Fib. retracement level and then it went back above.
This is an indication that OGNBTC has completed its correction and is ready to resume its growth.
Strong bullish above "support" (Green arrow).
Lots of room for dropping below support (red arrows).
As long as OGNBTC stays above this "support" level, we stay strongly bullish/aiming up.
Namaste.
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