OGN has formed an ascending triangle, with a support-trendline that holds from early 2021. This could be a good entry point for a potential 2x (nearly).
As for the resistance (in yellow), we can see that it was hit mid March for the first time, it held, then it was broken at the end of March. It then became a support and held in late April, then it was broken mid May. It became once again resistance and held 10 days after in late May.
In the end, we can observe how the 1.50-1.40 range is a the only well-respected price point in the entire chart. I’m expecting a rally from the current price to that target at any time in the next months.
As always, the idea might be invalidated depending on how BTC acts.
Good luck, and stay safe!
Not financial advice.
As for the resistance (in yellow), we can see that it was hit mid March for the first time, it held, then it was broken at the end of March. It then became a support and held in late April, then it was broken mid May. It became once again resistance and held 10 days after in late May.
In the end, we can observe how the 1.50-1.40 range is a the only well-respected price point in the entire chart. I’m expecting a rally from the current price to that target at any time in the next months.
As always, the idea might be invalidated depending on how BTC acts.
Good luck, and stay safe!
Not financial advice.
