Hi traders! OM is alive! After accumulation pattern will be broken I expect price at new ATH Trade safe😎
Updated chart - Breakout on the horizon for defi as long as btc/eth play nice.
am long on mantra, i suspect a breakout of the triangle as alts are now having a nice run, btc.d is still falling.
There has been a symmetrical triangle pattern forming inside the handle on Mantradao's cup and handle pattern on the daily chart. Considering the potential for Ethereum defi tokens given the recent Eth upgrade, OM may have just printed the final higher low before breaking out of this triangle.
OM has been in a symmetrical wedge for a while now, after dying down from its hype quite a while ago. It may be time for an upswing again after some heavy consolidation. Wait for the breakout of the wedge and find support around the $0.5 level. From there, we can expect healthy gains back up to near ATHs. Note: This is a risky trade since this is a small cap coin...
We need a close above the 50 cent psychological resistance and we full zend!
Despite recent negative price action, Mantradao is continuing to print higher lows on the daily chart and the 20EMA is also holding above the 50. Prices remain above the 0.618fib level, which is acting as key support.
The buying force is still trying to stop the decline of OM and if successful, it will help OM in moving up to 0.65$ or even 0.85$ zone in this April 📅EVENTS 👉Apr 6 : TRO & GAINS Launch 👉Apr 7 : FMT Launch 👉Apr 7 : Zendit Token Offering 📈BUY -Buy: 0.44-0.46$. SL B 📉SELL -Sell: 0.64-0.66$. SL A -Sell: 0.83-0.87$. SL A ♻️BACK-UP -Sell: 0.44-0.46$. SL A -Buy:...
A rough estimate on the cup and handle forming with the OMUSDT daily chart suggests the potential for a breakout to above $1.20. That being said, the 1.618 fib extension from the top of the cup is at a slightly lower $1, which is an obvious key psychological level, where may people may be looking to take profit. However, before any break out occurs OM could also...
OM shows a long term bullish setup. We have a cup and handle pattern, as well as a retrace currently that extends down to the 61.8% line. The bounce off of this line is bullish by itself, but once the lid is broken, we should see some steep gains up to $1.80 - $2.20 Target for this pattern is technically lower, as previous lip is lower, however because we are...
In my opinion if we break the fifty cent phycological barrier we get sent to fifty-six cent area with little resistance. #zendit
Mantradao Om is currently downtrending with the rest of the market, but it is still above a key support level. The daily chart has retraced to the 0.618 fib golden pocket zone from its recent high and despite the MACD and RSI appearing bearish still, is potentially forming an impressive cup and handle.
$om needs to reclaim the fifty cent support to return BULLISH again! #btfd not financial advice just my opinion.
Updated Chart - Had this new chart ready to go a couple hours ago, but was waiting for confirmation.
ANALYSIS 🔎 - OMUSDT hit an ATH and retraced. - Price retested the flip horizontal support (FHS) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone. - Price action printed the bullish double bottom (DB) pattern. - Price brokeout above the double bottom (DB) neckline resistance (NR). -...
Things are starting to look really #bullish again for @MantraDao #zendit
Chart structure, fib levels and 4hr 50 EMA could indicate OMUSDT is above strong support even if the 20 EMA doesn't hold. Consideration of the first hour's candle from the launch day on the Poloniex chart (which is not recognised by Coin Gecko or Coin Marketcap) suggests a 4x would be needed for a new ATH on that chart. It's also noteworthy to mention that at the...