Origin Protocol Moving Pass Resistance | Potential Jump

13 апр. 2020 г.

About Origin Protocol

Origin’s mission is to enable true peer-to-peer commerce. Using Origin, buyers and sellers can meet and transact directly without any intermediaries. Today, users can buy and sell goods and services on Origin’s flagship marketplace app and partner apps. Marketplace operators can create their own peer-to-peer applications that implement Origin’s open-source standards. The Origin Token (OGN) is an important component of the Origin platform, acting as an incentive mechanism to ensure the health and growth of the network while giving Origin’s users stakes in the network.

Here Origin Protocol (OGNBTC) moving above resistance while on a clear uptrend.

Even though prices can easily jump, there is also the possibility of a drop, but why?

The green and magenta lines behind the last candle are for EMA10 and EMA50.
Closing above these levels is a bullish signal.

A low volume close though leaves the door open for sudden moves to the opposite side.

Here we can look for a close above this level on high volume as a strong bullish signal.
Since we also have a strong RSI, it is likely that volume will come in pretty soon and a bullish move will develop.

[B]Conditions for change
If prices drop and close below 0.00003000, the above signals become invalid.

Namaste.