we are preparing for the continuation of the trendTo date, those who do not have positions on some coins can additionally buy for the reversal of weekly candles on coins in bullish. This week, we worked out a small pullback on the monthly schedule, but there are not enough arguments to turn the monthly candle into a bearish one. Stable sales are also premature according to the quarterly schedule, the main activity of sellers should be expected with the onset of the second half of the quarter with a possible hike up to 1500.
From the current levels, the probability of a gradual return to 2100 and a further breakdown of the main long-term level of 2500 prevails, which will ensure the resumption of market growth after a major seasonal pullback in the second-third quarter. At the opening of the second half of the quarter above 2500, it will be possible to fully repay the quarterly pullback and after the flat continue moving to 3500-4500 in the summer. While I doubt that we will be allowed such a luxury.
A deeper drawdown in the market can be expected only when the current week closes below 1900. Also, a second attempt to expand the monthly candle may be next week as we approach the end of the month. There is still a small chance to throw a powerful pinbar today tomorrow for the 1750-1850 test, but taking these levels will be premature and we can expect an active payback up to 2000.
My main focus is still on uft pros vib cvp torn perl for pnt ooki and asr atm fantokens. Individual coins can turn a weekly candle into a bullish one with new overhangs.
For those who like risk, today there is also such an option as nebl. Binance has delisted it. But goals of up to $2.5+ on large timeframes have been left. They will be worked out because the project continues to develop and the listing on poloniex followed on the same day. I think we should expect listings on other exchanges soon. The coin is now well suited for scalping. But this option is dangerous, it is worth paying attention to money management.
Om
Binance: OM Buy / Long 1DBinance: OM Buy / Long 1D
Entry: 0.25 - 0.26
SL: 1D close below 0.19
TP1: 0.33
TP2: 0.44
MANTRA DAO is a community-governed DeFi platform focusing on staking, lending, and cross-chain DeFi products. MANTRA DAO has built a suite of DeFi products including a multi-asset staking platform, money markets lending protocol, gamified lottery pool, and stablecoin minting protocol. The suite is currently natively built on Ethereum, but cross-chain products focusing on Binance Smart Chain, Polygon, and Polkadot will also be built in the future.
OM is the native utility token of the MANTRA DAO ecosystem and is used for the following functions:
Staking: Stakers of DOT and KSM can delegate their assets to the validator nodes of MANTRA DAO and bind their Ethereum addresses on the Mantra Dao platform to farm OM tokens.
Lending: Through ZENTEREST, MANTRA DAO’s over-collateralized money markets lending platform, users can supply assets to the platform and borrow tokens against the collateral supplied.
Lottery: Users can try their luck at the MANTRA POOL by spending OM tokens to access the MANTRA POOL for a chance to win 25% of the week’s PoS validator rewards.
Governance: OM stakers can issue proposals, participate in governance votes, and suggest changes to various parameters in the MANTRA DAO ecosystem.
🈹OM - 120 days of accumulationAs global markets SP:SPX NASDAQ:NDAQ are dumping, so is Bitcoin. This obviously strongly affects altcoins as well. Those aren't the best conditions to trade in, but:
The price has been consolidating on 200EMA/key level/node of high volume for over 120days now, and it seems like the accumulation is near its end. In choppy price action, it is hard to rely on trendlines, although we may notice some sort of triangle pattern squeeze happening right now.
Technical indicators are telling us that money keeps flowing in, and buyers are taking the control as MFI keeps going up. This could mean, that we could soon see a breakout from:
- the accumulation zone(above key level)
- macro triangle formation(break dynamic resistance-blue)
- horizontal resistance area(red area)
In case the market keeps dumping, ideally we'd like to see the price stay above the support area, otherwise the accumulation "power" might be used to push the price lower.
Entry: average buy between current price and the area of support(green area)
Targets:
0.295
0.338
0.436
0.523
0.608
0.685
0.810
0.882
+ use mid/top of the channel trendline as dynamic target
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About OM:
MANTRA DAO is a decentralized finance platform with a specific focus on staking, lending and decentralized governance. The project is being built on the blockchain RioChain and will be connected with Polkadot. It is intended to act as an ecosystem for Web 3.0.
The platform uses a native utility token, OM, for staking, lending and governance. While the project plans to move to the Polkadot network, the token has been initially issued on the Ethereum blockchain.
MANTRA DAO was first announced in June 2020, and the platform went live with its first feature, staking, in October 2020.
Source: coinmarketcap
OMBTC Technical Analysis⏳ Spot
💎 OMBTC has broken above the Wedge pattern and a major resistance, the price must go lower for the retest the support zone before it continues to the Bullish run
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.00000405 to 0.00000348
☕️ TP1 0.00000480
🍺 TP2 0.00000612
🍻 TP3 0.00000729
🍾 TP4 0.00000855
🍷 TP5 0.00000995
🍸 TP6 0.00001100
🍹 TP7
🎁 TP8
🚫 SL 0.00000348 to 0.00000293
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MANTRA DAO vs Tether (OM)MANTRA DAO (OMUSDT) has multiple bullish signals with mixed feelings on this chart.
Mixed feelings because the action is yet to start but the technicals are bullish, I'll explain.
Prices are trading above the important MA200 and EMA300 indicators.
Also EMA10, EMA50 and EMA100 (not marked).
We have a long consolidation period for the past three month or so.
This pair did good for us in the past, it can do so again.
We are bullish above EMA300/MA200 ($0.210-$0.203). Below this level; warning but bullish long-term.
This is what I see happening (green arrows).
Either up from the current price or a drop and up anyways.
Build your own plan before trading.
This should only be used as an extra.
This is not financial advice.
Thank you for reading.
Namaste.
Mantra DAO OM. What if ATH?Here is my thoughts on Mantra DAO OM token.
The project has great fundamentals, working team of developers.
This year they expanded influence in to Africa.
They staking platform is operational, jump start for new projects working perfect.
Basically, fundamentals are great.
Considering conservative risk management, lets say we put 0.1 ETH into OM, its 1270 OM todays rate
You can stake with 33% APY.
Lets say it will take 1 year for OM to reach ATH you will get about 400 OM from staking and it will worth 2.8 ETH
This is great ROI for 0.1 ETH
Will price stay the same, you make some from staking and swap it back to ETH.
🆓MANTRA DAO (OM) May-25 #OM $OMOM is trying to stop the downtrend at 0.15$ zone and if it doesn't lose this zone, it will head to 0.3$ zone in early June. And 0.3$ zone is very important because it could be pushed down again but if successful in conquering this zone, it will hit 0.45$ and 0.55$ zone easily
📈BUY
-Buy: 0.145-0.155$. SL if B
📉SELL
-Sell: 0.29-0.31$. SL if A
-Sell: 0.44-0.46$. SL if A
-Sell: 0.54-0.56$. SL if A
♻️BACK-UP
No Backup Plan
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
OM Forming Support At Old Weekly ResistanceI'm starting to look at #altcoins below the top 100. $OM looks great here against #BTC.
Taking advantage of the weakness of bitcoin and having the high caps at high prices. I think it's time to look for alternatives further down the list of cryptocurrencies. Om is one of them.
Forming a support area around 600 satoshis, I think it is an ideal candidate to get 30% out in the short term. With a target of 800 satoshis.
Mantradao OMUSDT potential double bottom? OMUSDT recently hit the first upside target from the last video, but was rejected back down below the trendline and 21EMA. If it can recover to that level and maintain it in the next week this could create a double bottom, indicating a possible trend reversal. In the meantime caution is advised as the longer term trend remains bearish.
🆓MANTRA DAO (OM) May-15 #OM $OMOM has just had a quick pump and this is a good sign for a buying force and it could generate a new rally up to 0.55$ zone and even 0.85$ in early June
📈BUY
-Buy: 0.29-0.31$
-Buy: 0.24-0.26$. SL if B
📉SELL
-Sell: 0.39-0.41$. SL if A
-Sell: 0.54-0.56$. SL if A
-Sell: 0.83-0.87$. SL if A
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Mantradao OM/USDT at critical support as large cap alts riseThe Mantradao OM/USDT pair is currently at a critical level of support. If we manage to bounce from here there are 3 main targets for taking profit, with the breaking of the red trend line being a fair indicator of a reversal. If we fail to hold 32 cents then the drop down could be significant.
It is perhaps not surprising that OM is having a rough time of it at the moment, given the performance of ETH and other large caps. When money does start to flow into the smaller-cap coins again, OM might finally get to break through that downwards trend line and take it back to the 42-50 cent region (as it could do easily if does a leg up from here completing an ABC pattern, though that speculation remains to be seen).
Start a good growth by completing the pullbackCompleting the pullback to the broken roof.
I think there is a good profit in it, so after completing the pullback, it will be reviewed again and then we will enter.
The best area to buy is marked in purple
Try to get to the right place so as not to lose
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