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Om

Mantradao S/R levels based n Binance dataAn updated, alternative chart for short-to-medium-term levels of support and resistance for OMUSDT based solely on data from Binance (as this is the exchange trading the most OM volume when last checked). Most resistance is expected around the 44 cent level, decreasing thereafter as the price rises. Downside target is initial price at Binance listing. The fundamentals use cases of this token probably mean it's highly undervalued, though confirmation of a trend reversal is advisable. There may be signs of a reversal following the recent dip: MACD cross & potential ascending triangle in previous days, not to mention OM nearing the end of a descending wedge. It is also of not that OM has not been following the same path as other alts recently.
by PClenton
5
🌧️ OM Possibility Of BreakoutOM has been in a symmetrical wedge for a while now, after dying down from its hype quite a while ago. It may be time for an upswing again after some heavy consolidation. Wait for the breakout of the wedge and find support around the $0.5 level. From there, we can expect healthy gains back up to near ATHs. Note: This is a risky trade since this is a small cap coin and the project is in its early stages. Please do your own research. This is not financial advice.
Long
by RainyTrader
10
🆓MANTRA DAO/USDT Analysis (6/4) #OM $OMThe buying force is still trying to stop the decline of OM and if successful, it will help OM in moving up to 0.65$ or even 0.85$ zone in this April 📅EVENTS 👉Apr 6 : TRO & GAINS Launch 👉Apr 7 : FMT Launch 👉Apr 7 : Zendit Token Offering 📈BUY -Buy: 0.44-0.46$. SL B 📉SELL -Sell: 0.64-0.66$. SL A -Sell: 0.83-0.87$. SL A ♻️BACK-UP -Sell: 0.44-0.46$. SL A -Buy: 0.34-0.36$. SL B ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
Long
by CryptoStation
5
Mantra Dao (OM) Cup and Handle SetupOM shows a long term bullish setup. We have a cup and handle pattern, as well as a retrace currently that extends down to the 61.8% line. The bounce off of this line is bullish by itself, but once the lid is broken, we should see some steep gains up to $1.80 - $2.20 Target for this pattern is technically lower, as previous lip is lower, however because we are in bullish season and about to see the peak of altcoin season, I have adjusted the target from $1.20 to $2.20 The current Fibonacci trade we have would take us to around $1.40, $2.20 and $3.60 - I believe we will at least hit $2.20
Long
by Shwayze
28
OMUSDT (MANTRA DAO) - BUY ENTRY ANALYSIS 🔎 - OMUSDT hit an ATH and retraced. - Price retested the flip horizontal support (FHS) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone. - Price action printed the bullish double bottom (DB) pattern. - Price brokeout above the double bottom (DB) neckline resistance (NR). - This is a bullish signal. - The market is currently undergoing a minor retracement, retesting the neckline resistance (NR) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's an uptrend continuation possibility from this zone. BUY ENTRY ⬆️ - Market price. TARGETS 🎯 - Swing high resistance (0 fibonacci retracement level). - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the double bottom horizontal support level (1 fibonacci retracement level) (S1).
Long
by Chibuike_Odoh
Mantradao OM support levels & consideration of Poloniex chartChart structure, fib levels and 4hr 50 EMA could indicate OMUSDT is above strong support even if the 20 EMA doesn't hold. Consideration of the first hour's candle from the launch day on the Poloniex chart (which is not recognised by Coin Gecko or Coin Marketcap) suggests a 4x would be needed for a new ATH on that chart. It's also noteworthy to mention that at the time of posting this, OM would need to do more than a 6x for the market cap (based on circulating supply) to surpass $1 billion. Where do you think OM is on the Wall St Cheat Sheet & did you buy into that massive candle on the Poloniex launch?
by PClenton
3
Mantradao OM: new ATH & 10x so far this year. Where next?Mantradao has formed a perfect cup on the weekly chart and hit a new all-time-high in the last 24 hours. It now has strong support around 50 cents with a 0.618fib golden pocket giving support at 32. Next macro target is $1 as this will most likely be a key psychological level, although the 1.618 fib extension target (not shown) would now be $1.15. As the fundamentals of this project keep improving along with growing awareness, the question now is when this target can be hit rather than if. What are your thoughts?
by PClenton
5