OGUSDT Asset Analysis (Weekly Chart) $OG

  1. Trend situation:

    • The weekly chart shows a long downward trend with clear attempts at active growth, which in most cases end with a return to the original levels.

    • The recent rise in price to 4.548 indicates a possible recovery after a long consolidation, which may indicate an attempt to break out of the downtrend.

  2. Indicator:

    • Ichimoku: The price has left the cloud zone, which may indicate a possible trend change in the medium term. However, it is worth paying attention to the current position relative to the future cloud, which continues to be in a bearish phase.

    • Bollinger: The price has moved beyond the lower Bollinger band, which signals a possible rebound or at least the end of a correction.

    • Parabolic SAR: The SAR dots are below the price, indicating current bullish momentum. If the price continues to rise, this could be a signal for medium-term growth.

  3. Moving averages:

    • The price has broken through the 7-day moving average (MA7) and is above MA25 and MA99, which is an important positive signal. This confirms a possible change in trend to an upward one.

  4. Trading volumes:

    • Volumes at 17.136M indicate an increase in the activity of market participants, which may indicate a growing interest in the asset and confirm a possible breakout of the downward trend.

Support and resistance levels:

  • Support: It is important to pay attention to the level of 3.523, which previously served as a strong support. If the price fails to hold above this level, there is a possibility of further decline to the marks of 3.303 and 2.407.

  • Resistance: The immediate resistance is at 5.045. If the price can break this level, the next significant level will be around 5.309. Further growth may lead to a test of 16.626.

Strategies:

  • Short-term: A rise to 5.045 is possible, followed by a breakout and continuation of the upward trend. However, it is important to monitor the price reaction to resistance, as a downward rebound may lead to a correction.

  • Medium-term: If the price consolidates above current levels and continues to rise, this may signal the end of the long-term downtrend. In this case, the target may be the level of 16.626 in the long term.

It is recommended to monitor further price behavior relative to the 5.045 level, as well as trading volumes, which can provide a more accurate picture of the intentions of market participants.

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