Hi traders! OM is alive! After accumulation pattern will be broken I expect price at new ATH Trade safe😎
not a fan of CUP AND HANDLE but frankly this one looks good!
If you make money and complete it, this scenario could happenI
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.
If OMUSDT is truncated zigzag target price is 80% of fibonacci at least. . But stoploss at low 0.410$
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 $0.5 level. From there, we can expect healthy gains back up to near ATHs. Note: This is a risky trade since this is a small cap coin...
We need a close above the 50 cent psychological resistance and we full zend!
Despite recent negative price action, Mantradao is continuing to print higher lows on the daily chart and the 20EMA is also holding above the 50. Prices remain above the 0.618fib level, which is acting as key support.
Relatively fresh to the Binance scene so it does add extra risk factor as theres not much previous price action to go off. Although, from the recent price action it does look like we created a new, recent uptrend, and we're about to find out if we can hold it or not. We would be running quite a nice risk/reward ratio so I'll be entering and setting a relatively...
The buying force is still trying to stop the decline of OM and if successful, it will help OM in moving up to 0.65$ 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...