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:...
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...
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 got Binance listed and therefore has seen a big pump.
We even crusehd the previous ATH and are currently within a pullback.
Looking for a new entry we see two possibilities shown by the box areas.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the...
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).
-...
OMUSDT on the daily timeframe since the recent bullish impulse has mad a nice correction to test the 0.50 fibonacci also lining up with previous resistance turned support... now im expecting to see the continuation to the upside waiting for a new higher high to form on the 4hr timeframe and other entry rules to be met. Only if all rules are met we will take this long.
