garrethdavis123

garrethdavis123

Hi all, I hope you're doing well. We saw some nice price action today which pushed us above some resistance levels and key moving averages. The OHM/DAI pair is currently hovering below a key supply zone where sellers are likely to take profits and could be major resistance. Currently the daily is forming a nice green hammer with encouraging continued volume, but...

05:51

garrethdavis123 Updated 

Hi all, I hope you're doing well. As my last 2 videos pointed out not only was a bounce quite inevitable given the technicals but the key was higher highs and higher lows. We've flipped and held some key resistance levels as support. We need continued volume to push higher. Here are my thoughts on what to look out for! Please enjoy, and let me know your thoughts...

05:01

garrethdavis123 Updated 

OHMDAI finally seems to be waking up after a lof of heavy selling and speculators being liquidated over the past few weeks. We have a nice bullish cross on the 4h SMAs coupled with nice sustained volume. We have broken local resistance and need badly to hold that as support should we fall to it. Up 40% from our recent low and 25% from my video yesterday, which is...

05:04

garrethdavis123

Howdy! Hope everyone is having a good weekend out there. Green hammer, huge volume (biggest green volume on the daily ever for this pair), nice bounce from support confluence. We need VOLUME and to start making higher highs/low as well as flipping resistance to support. All my ideas are laid out here for you. Let me know your thoughts and any ideas you might have!...

06:03

garrethdavis123

Hi all, hope you enjoy my analysis here. Do let me know if you prefer written or oral style updates. I certainly prefer to listen to content and find it easier as an explainer. Obviously I'm charting OHM and not gOHM here, IMO supply and demand aren't the same between the two so it's worth looking at OHM as that's what I feel most investors are looking at. My last...

garrethdavis123 Updated 

So the last 2 ideas I posted were shortly followed by nice pumps, but couldn't be sustained for whatever reason. The fundamentals of OHM seem sound, the community is vibrant and it has a huge first mover advantage in it's area (algorithmic stablecoins on ETH). Value investors are surely paying attention here for the long term play. OHM forks have been sucking...

garrethdavis123 Updated 

Aftet it was looking like the last 4h bullish divergence was the bottom, we have come back down to test the same support range, with a small deviation below. The original 4h bull div in my last idea is still valid, but now we have a clear double bottm and a double bull div. The 2nd one is because the price made a double bottm, while the price made a higher low....

garrethdavis123 Updated 

Very simple idea here guys/gals. The dump has been endless, the daily RSI now nearing as oversold as it has ever been for OHM. We have a nice bullish divergence setting up on the 4HR RSI (Lower low in price, higher low on the oscillater). We need volume, a lot of volume to get back up. After many failed attempts at reversing I think it's inevitable that will...

garrethdavis123 Updated 

Honestly have been quite bummed with the seemingly never ending sell off of OHM. Daily is oversold and possibly a nice bullish reversal in play here. Looking for some volume to push price higher. Invalidation below neckline in red. Any critique welcome :)

garrethdavis123 Updated 

OHM idea based on Fractal of previous 5 wave advance/implusive move and fib levels. Quite new to this so very open to critique. I don't think ETH fees/congestion are helping this project to attract more liquidity. Let's see what happens :)