OMUSDT → Consolidation in a triangle before the rally for BINANCE:OMUSDT.P by RLinda

OMUSDT → Consolidation in a triangle before the rally

is a paranormal coin in this case, as it is one of the few projects that shows bullish dynamics while all altcoins are finding bottom after bottom.

Perhaps the situation partly depends on . If it starts to fall even deeper, nothing and no one will help here. But locally bitcoin is forming a resistance breakout and if the bulls hold this trend, the coin may have a bullish driver that can support the bullish movement.
At the moment, the focus is on the triangle (wedge) resistance and the base of the 5.6756 pattern. Two bullish scenarios should be considered: Growth after a resistance breakout or growth after a false breakdown of support.

Resistance levels: 5.9821, 6.30
Support levels: 5.75, 5.6756

At the moment, a consolidation within the triangle boundaries is being formed. But when the resistance is broken, the market may move to the realization phase and the impulse may be quite sharp. Ahead, beyond 6.3, there is no resistance...

Regards R. Linda!

Trade active

A false break of support leads to a reaction in the form of a 5% bullish impulse. But the price has not yet been able to overcome the triangle resistance and returns to the support. The scenario is valid, but we need to wait for a break of resistance.
The structure will be broken if OM breaks the support and consolidates in the selling zone

Trade closed: target reached

+15%

RLinda

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