High probability of market growth before the end of the yearToday, as the market strengthens, I want to consider the prospects for the new week. This week, the broadcast has worked very technically, according to the planned scenario. The most important is the opening of the second half of the month and quarter above 3000. This, along with the positive opening of the half-year and quarter, gives a signal for continued purchases with a high probability until the end of the year. Due to the positive signals, I expect purchases to continue until the close of this week with an attempt to open a new candle above 3250, which will give the green light to test the key level of 3500 in the coming week. However, I would like to note an extremely negative factor – the market is growing against a rapidly strengthening dollar. In the absence of a dollar reversal on the crypt, there is a high probability of an attempt to align the correlation with the reversal of the current monthly candle into a bearish one. According to the cue ball, this will threaten to retest 75k. Insurance against a reversal of the month may be a local move on a new weekly candle, which will make the rollback false with a quick payback, or exclude it.
Due to the positive picture on the tops today and tomorrow, the probability of a reversal of the weekly candlesticks on the alt is bullish with new local trends. Next week, due to an attempt to move over the tops, the probability of continued growth of buyers for alt is prevailing, however, due to the threat of a reversal of the month, it is worth being on the alert and from the next high on the weekly candle, keep in mind the likelihood of a major pullback on coins. After the consolidation of the tops, the dominance of altcoins began to grow with the aim of reaching above 10%, which will support the alt market in the new week with a flat or pullback on the tops.
I still mainly consider oversold coins for work, because in an overheated market they have a high probability of growth, which we once again saw this week. Vib remains the most interesting so far, with a possible breakdown in the range of 0.15-25. Also, in the average period, gft remains very interesting with a retest potential of 0.025-35 at least. Given the high liquidity, the trend for it can be quite stable.
Vite has already fulfilled its potential this week, as the movement above contradicts the indicators and the formed bearish trend. I think new entries should be considered already in the new weekly candle, if there is no announcement about delisting in the first half or it will not enter there. Unlike vite, oax, although it showed good volatility, but having targets at 0.25-35 and a practically extinguished bearish trend on the indicators, it may try to give a break through the week today or tomorrow. Next, I will also consider it for work in the second half of the new week.
Ast firo and akro may also be interesting for scalping in the new week, with possible growth waves of up to 50%+.
Om
Should I Close My OMUSDT Trade at 3300% Profit?Hello traders! 👋 I need your input on a crucial decision regarding my OMUSDT trade.
I started accumulating OM Token (OMUSDT) from April 2023 to September 2023, strategically buying the dips and bringing my average buy price to 0.021. Fast forward to today, the current price stands at 0.718, representing a remarkable gain of over 3300%! 🚀
To manage risk and secure profits, I began distributing my accumulated holdings in December 2023, selling off 40% of my position. Currently, I hold 30,000 coins at an average buy price of 0.021.
Now, here's where I need your insight: OMUSDT recently hit a new all-time high (ATH) on March 19th, 2024, reaching 0.94953. With the price approaching the previous ATH of 0.88760, I'm contemplating whether to close the remaining portion of my trade or continue holding for further upside potential.
Though being a Long Term Accumulator, i prefer to HODL it , but i think i should close some more major part of it like 60% in total and hold rest of 40%
i have already sold 40% of holding and rest 30000 coins i hold!
Peace Out!
Mantra OM price has reached incredible heights, is it enough?For the year, the CRYPTOCAP:OM coin has added +22700% in value, reaching a capitalization of 3$3,85 billion
Of course, it's up to you to decide whether this is enough or not for the #Mantra project
It is also up to you to decide where you think the price of OKX:OMUSDT has a better chance of going now:
🔼Up to $9.90
🔽Down to $0.88 (at best) or even to $0.28 (in the worst and most unlikely case)
_____________________
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The Power of HODLINGMANTRA ( NASDAQ:OM ) has been making waves in the crypto market, not just for its price surge but for the incredible profit booked by a savvy trader. This feat has drawn the attention of investors worldwide. A reported $6 million profit from trading NASDAQ:OM has sparked interest and speculation about the coin's future, as well as its potential to deliver significant returns. Let's explore both the technical and fundamental aspects driving this market activity.
The Million-Dollar Trade
A crypto trader, identified by the wallet address "0xdc2," achieved a staggering return on investment (ROI) of 161X within approximately 10 months. The trader bought OM tokens at an average price of $0.026 and recently sold 600,000 tokens on Binance for a profit of $2.49 million, highlighting their total profit of $6.28 million.
This trade underscores the potential of holding onto a coin for strategic periods and taking advantage of market conditions. However, it also raises concerns about sell pressure in the wake of significant dumps.
Market Confidence Despite Sell-Off
Despite the dump, NASDAQ:OM maintained upward momentum, reflecting strong market confidence. A 26.58% price increase over 24 hours saw the token trading at $4.15, with trading volume surging 33% to $771.50 million.
Altcoin Market Sentiment
The overall positive sentiment in the altcoin market, with the crypto market cap breaching the $3 trillion mark, has helped bolster NASDAQ:OM 's price.
Futures Open Interest Growth
MANTRA Futures Open Interest surged by 53%, indicating increased investor activity and hinting at further potential price gains. This is a critical indicator of the token's growing appeal among traders.
Technical Analysis
NASDAQ:OM reached a 24-hour high of $4.47 before slightly retracing to $4.15, marking a consolidation phase after its sharp rise. The Relative Strength Index (RSI) stands at 90, indicating overbought conditions. While this suggests the potential for a short-term correction, it also reflects heightened buying pressure.
The large-scale token dump may trigger sell-offs by smaller investors, potentially leading to a short-term dip. However, the broader market sentiment and rising Futures Open Interest could mitigate this impact.
A Lesson for Traders
The $6M profit story serves as both inspiration and caution for traders. Strategic holding and avoiding FOMO (Fear of Missing Out) can lead to substantial returns. It reflects on a missed opportunity, when i sold sold a memecoin at a $3M market cap, only to watch it climb to $300M later.
This highlights the importance of conducting thorough research and believing in your investments while being mindful of market conditions.
Conclusion
MANTRA ( NASDAQ:OM ) continues to capture the attention of traders and investors alike with its significant price movements and market activity. The coin's ability to hold steady after a massive sell-off and its impressive Futures Open Interest growth hint at its strong potential in the crypto space.
While short-term fluctuations are expected, NASDAQ:OM 's broader market confidence and fundamentals position it as an asset worth watching. For savvy traders, the mantra is clear: patience, research, and timing are key to unlocking the full potential of crypto investments.
OAX continues to prepare to work out the accumulated potentialToday, OAX can continue to please with profits. The token ends, together with vib, the cancellation of the bearish trend formed on the weekly and monthly charts. In the process of investing against this trend, he gave several impulses of 50%+ and more than ten opportunities to earn 30%+. In my opinion, such trading is much more interesting than a trend with blurred goals and a long drawdown in the event of a market collapse, so I consider such coins to trade first.
But today, in addition to the opportunities for profitable scalping, I want to consider the main medium-term picture and the growing probability of the main wave of growth. As I expected, before opening a new monthly candle, an attempt was made to retest the 0.25 level, which is key for the growth of volatility, but the negative overall dynamics of the market did not provide sufficient volatility. However, the gradual growth of the trend accelerated, which allowed the second half of the quarter to open above 0.175, providing a clear technical signal for a transition to the range 0.25-35 and growth in the second half of the quarter. Indirectly, this hints at the fact that delisting of the token is probably not in danger yet.
To date, there is still an opportunity to break through to 0.25 this week in case of sufficient volatility in the market. The signal for this may be a move over the ether of yesterday's day or a hike on the alt index above 9.75% with an attempt to break 10%. In the absence of sufficient volatility, we can expect a small pullback at the beginning of the week to draw a shadow on a new weekly candle under the fear of delisting, characteristic of all coins with the monitoring tag, and a subsequent powerful breakdown in the second half of the week as part of a trend change on the weekly chart to bullish. To understand the medium-term picture and growth potential, it is worth considering the monthly and weekly chart where the second bottom has formed. On the monthly chart, the OAX pattern is very similar to PROS. Technically, the growth potential reaches 0.75-1.0. Except for oax and vib, there are no oversold coins with a similar growth potential on binance.
The most dangerous tools that are under development have the greatest growth potential, as we have already seen with the example of pros and troy, but there is still the possibility of delisting in case of problems with the project. In this regard, I want to repeat once again and remind you of the need to carefully weigh money management, choosing a moderate position on dangerous instruments to insure against large losses in the event of an error, delisting or prolonged drawdown. It is also a priority to trade coins with a monitoring tag in the second half of the week, because Delistings were most often in the first half.
#OMUSDT Bulls Losing Steam | Can It Slide Downward or Not?Yello, Paradisers! Are you ready for a potential shake-up in #MANTRA’s price action or not? Let's look at the latest analysis of #OMUSDT:
💎#OM is retesting the ascending support level within its rising wedge formation—a pattern known for triggering significant volatility. A downward breakdown at this point would confirm a bearish bias, potentially paving the way for a deeper decline.
💎A significant volume divergence further reinforces this bearish case: although prices have been making higher highs, volume is noticeably declining, suggesting weakening momentum. On top of that, the EMA20 and EMA50 are aligned to support the bearish outlook, effectively doubling the likelihood of a downward move.
💎If the breakdown materializes, our first bearish target would be the weak support zone around $1.09. Hitting this level could signal intensified selling pressure as the market searches for stability. But the bearish scenario doesn’t stop there. If the struggle continues, the next significant target lies at a stronger demand area of around $0.835, where we could see some relief. The final target for this downward move would be major support in the $0.63-$0.708 range, indicating a substantial shift in sentiment.
💎However, there's still a glimmer of hope for the bulls. If #OMUSDT manages to close above $1.64 on the daily chart, it would weaken the bearish outlook, possibly triggering a new rally and reigniting the uptrend.
Smart and disciplined trading will keep you ahead of others in this volatile market.
MyCryptoParadise
iFeel the success🌴
Alikze »» W | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- It has been moving in a downward channel on the daily time frame
- After breaking the short-term downward channel, it is currently moving in an upward channel
- According to the momentum at the top of the channel, it can exit the channel with a pullback to the broken structure and continue its growth up to the first supply range as wide as the channel.
- In the future, it can continue its growth by breaking the first supply area to the second supply area.
💎 Alternative scenario: In addition, if the green box area is broken, it can go down with a pullback to the 0.1709 range.
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BINANCE:WUSDT
OM ROADMAP (12H)OM is building a large liquidity pool.
The price is reaching the premium range of the previous wave.
With the signs we have on the chart, we are looking for sell/short positions in the supply range.
The price can be rejected downwards for several months.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Alikze »»CAKE | Reverse head and shoulders pattern🔍 Technical analysis: Reverse head and shoulders pattern
- In the previous analysis , it was mentioned that a head and shoulders pattern was formed, that the last correction log can extend to the range of 1.17.
- As mentioned, it is moving in a descending channel.
- Demand was met at the bottom of the descending channel and the range, which experienced a growth up to the top of the channel and the broken zone.
- Currently, in weekly and daily time, in addition to the descending channel, it is in a concentration.
- In addition, it is suspected that the head and shoulder pattern is the opposite. Therefore, I expect it to advance to the supply zone after the last bearish leg and the right shoulder are completed, out of congestion.
💎 Note: It is necessary to explain that the right shoulder should not be extended to the previous area, in which case the alternative scenario should be checked and the post updated.
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BINANCE:CAKEUSDT
Alikze »» TAO | Retest the bottom of the ascending channel🔍 Technical analysis: Retest the bottom of the ascending channel
- In the 4H time frame, after a price pump in the range of $162, it has been moving in an upward channel for some time.
- In this ascending channel, after hitting the ceiling of the channel 3 times and not being able to break the range, it has faced selling pressure.
- Currently, in the middle of the channel, after suffering for a while, it has again faced selling pressure.
- According to the behavior and structure of this correction, it can extend to the area of $278, which is in the range of the bottom of the channel. After that, it can have a retest to Fibo 1.618 and neck line, and then continue the correction to the $250 area.
- In addition, if the $250 range is broken, the correction should continue until the origin of the downward movement.
💎 Alternative scenario: If in this ascending channel it can stabilize above the neckline after the pullback to the broken structure, there will be a retest to the top of the channel.
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MEXC:TAOUSDT
Alikze »» ONDO | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- According to the analysis presented in the previous post, after breaking the major ceiling, it continued to grow until the middle of the channel.
- Currently, it has faced correction in the daily time frame after the break of the medium-term ascending channel.
- Now it is moving in a descending channel, which after reacting to the major ceiling several times, faced increasing selling pressure, which finally broke it down after forming a corner pattern.
- Now, in the area where the movement originates, there is a relative demand, which can have a pullback with a broken structure, and if the selling pressure continues, it will continue to correct until the green box.
💎 Alternative scenario: if it can break the supply area, it can continue to grow up to the range of 1.17 and then up to 1.36.
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KUCOIN:ONDOUSDT
Alikze »» CAKE | Head and shoulder pattern scenario🔍 Technical analysis: PullBack to broken structure
- According to the analysis presented before, after touching the supply range, it faced selling pressure.
- It is moving in a downward channel in the daily time frame.
- In the last update, after reaching the 3.13 range, it faced selling pressure again, which touched the downward target in the range of 1.56.
- Currently, the level of 3.13 has returned as much as 100% of the previous wave.
- As can be seen, a head and shoulders pattern has been formed, which is confirmed by the break of the trigger line and neck line.
💎 Therefore, considering that it is located at the bottom of the channel, it can touch the target of 1.17 with pullback to the neck line.
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Alikze »» OM| Pullback to the roof major🔍 Technical analysis: Pullback to the roof major
- In the analysis presented before , it was mentioned that it is located in a range area, which after creating demand in the green box area, it was able to advance to the supply area.
- But it is currently in a bullish channel in the daily and 12H timeframes.
- According to the bottom range of the channel, if it faces demand in the liquidity area, it can grow up to the previous ceiling range of 1.37 in the first step.
- In addition, it will have the ability to reach the specified supply area by breaking the previous ceiling.
💎 Alternative scenario: But if the pullback to the broken structure faces selling pressure and breaks it, the correction can continue up to the green box area.
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BINANCE:OMUSDT
Trade Setup: OM Long PositionMarket Context:
OM has remained extremely bullish over the last month, with prices continuing to push higher.
In case of any bearish news this week, potential buying opportunities are identified.
Trade Parameters:
Entry: Buy in the range of $0.93 to $1, ideally finding acceptance in the golden zone above the 0.618 Fibonacci level.
Take Profit:
First target: $1.40
Second target: $2.00
Stop Loss: Set at a daily close below $0.80.
Additional Notes:
Monitor for retests of the range high as support.
Be vigilant for acceptance above the 0.618 Fibonacci level to confirm the bullish trend.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
#OM #TradingStrategy #CryptoTrading 🎯
Alikze »» ENA| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- In the analysis presented in the previous post , it was able to move up to the 0.78 Fibo range according to the predicted movement path, which then encountered a correction that also traversed the alternative path.
- Currently, after breaking the downtrend channel, it has re-entered the channel.
- It is moving in an ascending channel in the 12H time frame.
- After breaking the support area, which is now a supply range for an upward trend, it has faced selling pressure, which, of course, has tried to break it several times, which has failed so far.
- Therefore, if it can maintain the 0.39 area and stay above it, it can break the supply area and have an upward movement up to 0.586.
- Furthermore, considering that the supply zone is in the middle of the downward channel, if it fails, it can test the 0.78 Fibo zone again.
💎 Alternative scenario:
In addition, you should note that breaking and stabilizing below the 0.39 area can continue the downward trend up to the Fibo range of 1.618.
🎯 Targets: 0.586 - 0.78 Fibo
🟩 Support: 0.39
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BINANCE:ENAUSDT
Alikze »» OM | #MANTRA Trading range!!Mantra is an L1 blockchain network that produces a bridge between TradFi and DeFi by providing the necessary infrastructure for tokenizing RWA.
💎 In the 1D time frame, it has encountered an increasing trend after exiting the descending channel.
💎 Currently, after reaching its previous major ceiling, it has faced increased selling pressure. Considering that the trading range is in the liquidity area, if the volume increases, it can grow up to the supply area with the increase in demand.
💎 Alternative scenario: if the supply zone breaks, it can have a correction up to the 0.39 zone, and if the trend continues, it will continue up to the green box zone.
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Total supply: 888,888,888 OM
Circulating supply: 793,991,274 OM
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Alikze »» LINK| Descending channel🔍 Technical analysis: Descending channel
- According to the previous post , after not fixing in the green box, the second scenario was realized.
- In the daily time frame, it faced a correction after a movement cycle, which is currently moving in a descending channel.
- Now after the demand at the bottom of the channel and the green box area, it has broken the middle of the descending channel after the second collision.
- Therefore, it can continue the upward movement with pullback to the middle of the channel, up to the roof area of the descending channel.
💎 In addition, if it can break the supply area and stabilize above the 15.6 range, it will have the targets of 1.272 and 1.618 Fibo.
💎 Alternative scenario: Note that to continue the upward trend, it must be above the 12.5 zone, so if it stabilizes below this zone, it can touch the green box again.
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BINANCE:LINKUSDT
OM sell/short setupThe price is within a large range.
Now the price is approaching the upper part of the range.
At the bottom of the chart, we have a large liquidity pool that is expected to be swept away soon.
The targets are clear on the chart.
If it reaches the supply range, we will look for sell/short positions.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Alikze »» SUSHI | Complementary wave C scenario🔍 Technical analysis: Complementary wave C scenario
- In the previously presented analysis, the C wave stopped at 0.78 fibo of the previous wave.
- It is currently moving in a descending channel in the 2D time frame.
- There is an FVG gap and it is now in the middle of the channel, which is also symmetrical with the 0.78 Fibo range.
- If it faces selling pressure again after filling this gap, it can touch the specified areas in the continuation of the completion of wave C.
- Therefore, according to the current downward momentum, the pullback can be a broken structure.
💎 Alternative scenario: In addition, if it can break the neckline upwards after filling the FVG gap and exit the descending channel, it can retest the supply zone.
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Alikze »» TRAC | Pullback to Neckline🔍 Technical analysis: Pullback to Neckline
- The 8H and 12H frames are moving in a downtrend.
- Given the descending faithful, the return of the descending canal can be the broken structure to continue the descending route.
- If the money is on the line and cannot penetrate it and cut down the descending channel, it can continue the downtrend in the first step to 0.5859.
💎 Possible Scenario: Depending on the structure and behavior as well as the descending faithful, the scenario can be achieved until the green box and liquidity range can be achieved.
💎 Alternative scenario: Also, if it can cut the supply range and channel ceiling, it can test the next supply zone, which must have a stabilization top.
🛑 Resistance range: 0.83 - 0.805
🟩 Support range: 0.488 - 0.537
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