Technical Analysis

OGNUSD Is One Of The First Coins That Shows Potential BottomMar 24, 2022

Hello Crypto traders and investors!

Today we will talk about cryptocurrency Origin Protocol ( OGNUSD ). In which we see quite interesting bounce after we noticed a completed A-B-C correction from all-time highs.

Origin is a protocol for creating sharing economy marketplaces using the Ethereum blockchain and IPFS. It empowers developers and businesses to build decentralized marketplaces on the blockchain. Its protocol makes it easy to create and manage listings for the fractional usage of assets and services.

Sharp rebound from projected 0.23 support level can be first signal for a bullish reversal, especially if we consider that both legs A and C equaling 86% sell-off.
However, keep in mind that Crypto market is generally still bearish , there are only few ALTcoins with such big bounce, so OGN has to stay strong for a bullish view, we may just see some short-term pullbacks. Keep also in mind that real bullish confirmation for OGN is only above 1.5 region, but only if it manages to stay above that 0.23 level.

Manage your positions wisely!

OGNUSD Is One Of The First Coins That Shows Potential Bottom by ew-forecast on TradingView.com

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