Om
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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Alikze »» FORTH | Descending channel🔍 Technical analysis: Descending channel
- The 4H frame time is moving in a descending channel.
- Currently, in a limited range, the rangeing of a corporate pattern can have a downward refinement by testing the area.
- Therefore, if it is exposed to a sales pressure after colliding with a dynamic trigger and the range of sale, it can have a 273 and green box.
💎 Alternative scenario: If it can defeat the red box and the dynamic trigger, it can test the decline channel roof.
🛑 Resistance range: 3.22 - 3.32
🟩 Support range: 2.54-2.64
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Alikze »» PENDLE | Triangle corner pattern🔍 Technical analysis: Triangle corner pattern
- According to the analysis presented in the previous post, after the inability to break the supply zone, it faced a correction and fell to the green box, which is currently a resistance to continue the path.
- Currently, a corner pattern is formed in the daily time frame.
- But now it can have two paths.
💎 First scenario : after a dynamic trigger retest, this failure can occur from the bottom and continue until the origin of the movement of the 3.90 correction range.
💎 The second or alternative scenario : if it can break the supply zone with buying pressure and retest the upper supply zone after hitting the dynamic trigger with a pullback to the supply zone.
🛑 Resistance range: 5.07 - 5.46
🟩 Support range: 3.90
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Alikze »» BAKE | Pullback to descending structure🔍 Technical analysis: Pullback to descending structure
- It is moving in an ascending channel in the daily time frame.
- So far, there have been several positive reactions to the bottom of the channel, which has led to the upward jump of the price.
- It is currently facing an important supply range due to the positive reaction to the bottom of the channel.
- Therefore, if it cannot stabilize above the supply area, according to the downward momentum, it can lead to the breaking of the bottom of the channel and correction to the range of 0.195.
- So in case of this event, this reversal can be a pullback to the broken structure to continue the downward path.
💎 Alternative scenario: if it can influence and stabilize above the supply area, it can fill the FVG gap in the first step and after correction and support in the middle area of the channel, it will reach the target of 0.488.
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Alikze »» YGG | Pullback to broken structure🔍 Technical analysis: Pullback to broken structure
- According to the previous analysis presented in the 12H time frame, after reacting to the PRZ zones, it faced selling pressure, which finally continued to the specified zone of 0.58 correction.
- Currently, it has infiltrated the sub-region in the 12H time frame.
- Therefore, if this return continues up to the supply range and the middle of the descending channel and then faces selling pressure, the downward trend can continue up to the range of 0.39.
💎 Alternative scenario: if this reversal breaks the supply zone with strength and meets demand in the middle of the channel, the first target near that range will be 0.78, and if the zone is maintained, it can move up to the channel ceiling and the specified supply range.
🛑 Resistance range: 0.5859 - 0.6836
🟩 Support range: 0.3906
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Alikze »» Pendle | Pullback to broken structure🌐 About Pendle currency:
Pendle is indeed a cutting-edge protocol in the DeFi space, designed to allow users to tokenize and trade potential future earnings from their investments.
By introducing an innovative Automated Market Maker (AMM) that accommodates assets experiencing time decay, Pendle offers a unique solution that grants users enhanced control over their future yield.
🔍 Technical analysis:
It is moving in an ascending channel in the daily and 12H time frames.
💎 After meeting with the trigger and the bottom of the ascending channel, it encountered demand, which continued up to the major ceiling.
💎 Currently, it has faced selling pressure at its major ceiling and midline of the channel, which it has not been able to overcome.
💎 Therefore, due to the fact that a correction structure has been formed, it is expected that with the continuation of the correction to the bottom of the channel and the range of the green box, there will be a pullback to the broken structure.
💎 Alternative scenario: if the supply zone is broken and placed above the midline of the channel, it can experience the continuation of the upward trend up to the ceiling of the channel.
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Total supply: 258,446,028 PENDLE
Circulating supply:154,009,988 PENDLE
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OMUSDT.1DThe daily chart for OM/USDT presents a detailed overview of the price movement and potential future actions.
Support and Resistance Levels:
R1 ($1.0626): This is a significant resistance level where previous rallies have found selling pressure.
R2 (Not numerically marked but evident through the trendline): This is a projected upper resistance following the ascending trendline.
S1 ($0.7760): This level has previously acted as a strong support where the price has rebounded multiple times.
S2 (Marked by the lower dashed line on the chart): This secondary support could be crucial if a more substantial price decline occurs.
Current Price Action:
The price of OM is currently below R1, indicating that it is in a consolidation phase within a larger uptrend as marked by the ascending resistance trendline.
The current price breakout above S1 suggests that buyers are active and the market sentiment might be turning bullish.
Technical Indicators and Patterns:
The ascending trendline indicates a long-term bullish trend that OM is attempting to maintain.
The recent upward movement suggests that the market could be gearing towards a test of R1. A breakout above R1 would be significant and could lead to an approach towards R2, guided by the upper ascending trendline.
Potential Trading Strategy:
Bullish Scenario: Should the price continue to rise and break above R1, traders might consider entering long positions with a target at R2, maintaining a stop-loss just below R1 to protect against potential reversals.
Bearish Scenario: If the price fails to sustain current levels and breaks below S1, it could signal a potential bearish downturn towards S2. Traders could look to short on a breakdown below S1 with a tight stop-loss above it.
Conclusion: The OM/USDT chart suggests a bullish outlook with a caution to monitor the resistance at R1 closely. Traders should look for volume confirmation on any breaks above this level to confirm the strength of the move. Remaining vigilant for any reversal signs is crucial, as breaking below S1 could alter the bullish scenario significantly.
OM - this altcoin can 37x this year, here is whyOM looks very bullish. We can see that the previous downtrend ended with a descending parallel channel on the weekly chart. Now the price is finally breaking out! What is important is to always take a look at the volume indicator. Bullish volume is absolutely very high and at record levels, which confirms the breakout. Whales are buying it, and they cannot hide it. From the Elliott Wave perspective, the complex correction WXYXZ is complete, which is another sign of strength. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
MANTRA (OM) is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem. The MANTRA OMniverse encompasses the DAO; MANTRA Nodes: a blockchain infrastructure-as-a-service business that includes retail staking, institutional delegation, node management and white-label validator operations; MANTRA Chain: a protocol for regulated assets for the Cosmos ecosystem; and MANTRA Finance: a globally-regulated DeFi platform that brings the speed and transparency of DeFi to the world of traditional finance.
OM try to breakout OM / USDT
Yesterday with BTC below 60k some coins did false breakdown and reclaimed the support again after BTC did the same
#Om one of them … now its try to repeat the previous trendline breakouts patterns
As long as it hold above this trendline resistance priority is strong bullish
Navigate Through OM/BTC - MANTRA DAO: SuperTrend BBand Breakout◳◱ On the $OM/ CRYPTOCAP:BTC chart, the Supertrend Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 0.00001354 | 0.00001635 | 0.00002101 and support near 0.00000888 | 0.00000703 | 0.00000237. Entering trades at 0.0000124 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: MANTRA DAO
▣ Rank: 135
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Financial - Lending
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0000124 ₿
▣ 24HVol: 6.277 ₿
▣ 24H Chng: 15.456%
▣ 7-Days Chng: 12.81%
▣ 1-Month Chng: 11.36%
▣ 3-Months Chng: 672.33%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001354 | 0.00001635 | 0.00002101
◢ Support: 0.00000888 | 0.00000703 | 0.00000237
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.79
▣ Last 90D: 4.79
▣ Last 1-Y: 2.84
▣ Last 3-Y: 0.87
◲◰ Volatility :
▣ Last 30D: 1.55
▣ Last 90D: 2.11
▣ Last 1-Y: 1.40
▣ Last 3-Y: 1.45
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.65 - Bullish
▣ Reddit sentiment score is N/A
▣ In-depth OMBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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📈🚀 OM Trade Plan! 🚀📈📊 Analysis:
Support Consolidation: OM has shown prolonged consolidation at the support level, indicating potential accumulation.
Entry Range: Consider laddering into a long position between $0.65 to $0.70, leveraging the current support zone.
Profit Targets: Target profits at $0.85 to $0.90 or $1.00 to $1.05, corresponding to significant resistance levels.
Risk Management: Utilize a stop-loss order placed just below $0.60 to mitigate potential losses.
📈 Trading Strategy:
Entry: Initiate a long position within the specified entry range, capitalizing on the support consolidation.
Targets: Take profits at the identified resistance levels of $0.85 to $0.90 or $1.00 to $1.05.
Risk Control: Implement a stop-loss strategy to manage downside risk effectively and protect capital.
🚨 Note: Exercise caution and monitor BTC and TOTAL closely for potential market dynamics impacting your trade! #OM #TradingPlan #CryptoAnalysis 🌟📊
OM/USDT - MANTRA DAO: BBand Breakout◳◱ On the $OM/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.78787 | 0.84973 | 1.01416 and support near 0.62344 | 0.52087 | 0.35644. Entering trades at 0.82171 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: MANTRA DAO
▣ Rank: 152
▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Hitbtc
▣ Category/Sector: Financial - Lending
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.82171 ₮
▣ 24HVol: 47,110,666.812 ₮
▣ 24H Chng: 19.884%
▣ 7-Days Chng: 22.15%
▣ 1-Month Chng: 167.86%
▣ 3-Months Chng: 1087.69%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.78787 | 0.84973 | 1.01416
◢ Support: 0.62344 | 0.52087 | 0.35644
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 5.50
▣ Last 90D: 5.55
▣ Last 1-Y: 2.76
▣ Last 3-Y: 0.81
◲◰ Volatility :
▣ Last 30D: 2.21
▣ Last 90D: 2.18
▣ Last 1-Y: 1.37
▣ Last 3-Y: 1.44
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.65 - Bullish
▣ Reddit sentiment score is N/A
▣ In-depth OMUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
OM/USDT A successful break the Bull pennant, will continue UP!💎 Paradisers, #OM has recently experienced significant market dynamics, with a strong bounce observed after reaching the demand zone area.
💎 Currently, OM's price action is forming a bullish pennant pattern, suggesting a period of consolidation before a probability continuation of the upward movement.
💎 Should #OM successfully break out of the bullish pennant pattern, it would signal a confirmation of the bullish momentum, potentially leading to further upward movement.
💎 However, if #OM fails to break the pattern and instead breaches the support trendline of the bullish pennant, it may indicate a shift in momentum towards the downside. In such a scenario, the price could retrace towards the Bullish OB area around $0.477.
💎 At the Bullish OB area, there's a possibility of significant bouncing, considering the overall bullish structure of #OM. Nonetheless, a breakdown below the OB would suggest increasing bearish pressure, potentially leading to further downside movement.
OM/USDT Potential retesting before continue upward movement!💎 OM has recently encountered notable market dynamics, experiencing a strong rejection at a key resistance area. There's a possibility that OM may retest the support area in the range of 0.45 to 0.4.
💎 If OM demonstrates bullish signs at this support level, such as bullish candle rejections, it could lead to a bounce in price, propelling it back upwards toward the strong resistance area.
💎 However, if the support area fails to hold and there's only consolidation with weak volume, it's likely that OM will break down further, potentially testing the demand area around 0.25.
💎 In such a scenario, it's important for the demand area to facilitate a bounce and for the price to reclaim the support level. Failure to do so would be considered a bearish sign, likely leading to further downward movement.