$OGN 30-day high, current price 0.03362, previous high 0.0277.
After a new high, three common patterns are:
① Pull back to the previous high and hold, then climb another step: the healthiest pattern
② Consolidate around the previous high: rotation, waiting for direction
③ Drop straight back below the previous high and fail to reclaim it: a false breakout
Price is currently above the previous high; first, let’s see whether it follows pattern ① or ②.
#OGN
For chart-recording purposes only; not investment advice.
After a new high, three common patterns are:
① Pull back to the previous high and hold, then climb another step: the healthiest pattern
② Consolidate around the previous high: rotation, waiting for direction
③ Drop straight back below the previous high and fail to reclaim it: a false breakout
Price is currently above the previous high; first, let’s see whether it follows pattern ① or ②.
#OGN
For chart-recording purposes only; not investment advice.