Will Origin fly?
Let's wait and see!
Analysis
Entry Point
Right now the price is supported by the major trendline, 20 and 50 MA. But there is a major resistance at 2350-2432 sats. If the price can break, that will be a good sign, and the retest on the daily support will be a good entry. Early entry before that will be a gamble, if it consolidate for the next 30 days.
Target Points
Investor
Price Prediction
Price prediction model keep the circulating supply of Origin token constant at 316,411,833
** I'm a novice trader, and this is part of my studies. So it's strictly not a financial advice.
Feel free to share your thoughts and feedback about my analysis.
Let's wait and see!
Analysis
- Uptrend on Weekly Timeframe (+)
- Uptrend on Monthly Timeframe (+)
- Uptrend on Daily Timeframe (+)
- Uptrend on major trendline (+)
- Support above 200MA (+)
- Support above 20MA (+)
- RSI in bullish region (+)
- RSI support above 50, might get flipped (*)
- Resistance at 50MA (-)
- Resistance at 2350 and 2432 sats on daily timeframe (-)
- MACD approaching middle line (+)
- MACD line above signal line (+)
- MACD Momentum is growning but not enough (*)
- Volume is also low (-)
Entry Point
Right now the price is supported by the major trendline, 20 and 50 MA. But there is a major resistance at 2350-2432 sats. If the price can break, that will be a good sign, and the retest on the daily support will be a good entry. Early entry before that will be a gamble, if it consolidate for the next 30 days.
Target Points
- TP1 at 0.00003426 with 41% gain
- TP2 at 0.00004250 with 76% gain
- TP3 at 0.00005300 with 120% gain
- Conservative TP at 0.0003183 with 30% gain at the next major weekly resistance
Investor
- Investment Theme: Polkadot Ecosystem
- Investment Horizon: Short Term
- Category: E-Commerce, Marketplace, NFT
Price Prediction
Price prediction model keep the circulating supply of Origin token constant at 316,411,833
- 1.4 Trillion Total Market Cap, 0.02% Share, $0.88
- 2 Trillion Total Market Cap, 0.03% Share, $1.90, +214.29% Gain
- 3 Trillion Total Market Cap, 0.04% Share, $3.79, +428.57% Gain
- 4 Trillion Total Market Cap, 0.05% Share, $6.32, +714.29% Gain
- 5 Trillion Total Market Cap, 0.05% Share, $7.90, +892.86% Gain
- 6 Trillion Total Market Cap, 0.05% Share, $9.48, +1,071.43% Gain
- 7 Trillion Total Market Cap, 0.05% Share, $11.06, +1,250.00% Gain
** I'm a novice trader, and this is part of my studies. So it's strictly not a financial advice.
Feel free to share your thoughts and feedback about my analysis.