$OM - Mantra Dao - Launchpad ZendIt to the Moon!$OM - Mantra Dao - Launchpad ZendIt to the Moon!
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Is this going to be a cup and handle for Mantradao (OM) ?Not as symmetrical as I'd like to see a cup and handle, but given where we are in the crypto market cycle overall I remain optimistic for a decent breakout to the upside soon. It'd probably be a stronger signal if the handle continues a little further. I'm not particularly bothered by the high left hand side of the cup, as this is a new chart which includes a massive spike typical with initial listings.
OM's previous target hit, more upside to come?Mantradao's OM token has made some significant gains against usdt. It is now a matter of seeing if this pattern will continue.
Perfect rounded bottom on $OM Mantradao this one will get sent back to highs from before septemberselloff and probably far beyond that
minimum 100% in USD from here easy
18.5 RR
MantraDao Long Position - $om$om is currently touching the bottom of this daily channel. Each time this has happened we got a nice bounce. I am expecting it to hit old support/resistance levels!
FA will determine TA scenario for OM. Price Discovery likelyOM is currently at a decision level, following massive dumps of presales and the first batch of unlocked tokens. For the next 30 days, the direction will be determined by FA news releases made within the next 48-96 hours. With no/negative FA, the price action of OM/USDT pair can become quite merciless, obliterating OM's value. However, it a more likely scenario of a young Polkadot DeFi project, FA news coupled with narrative is likely to move OM to the Green scenario in which a target north of 1 USDT is a possibility for OM, based on its TA. Subsequent price discovery would then need additional evaluation. Other Polkadot or DeFi projects experienced price discovery leading to 2-3x peaks after the entry of price discovery, which is not impossible for OM. However, even without that a positive scenario aims for 1.1 USDT. Another almost certain event is a listing of OM on Binance which is likely to serve as a catalyst for the potential price discovery.
#OM $OM mantradao bull flag and binance polkadot staking soon#om bull flag buy and hodl call binance listing soon
hidden gem
$OM price compressing MANTRADAOjus mapped out some LTF zones and had a look at pennanty apex date
monday descision time
my bias is still long
OMGUSD - short term short, consolodation phase, resume bullOMG falling on hourly, symmetrical triangle forming on larger pattern. This will take time to consolidate. Good resistance around $10 for a bounce, can buy at $8.67 on larger time scale, if trendlines remain unbroken.
Look for consolidation, followed by a breakout to $15. Think longer term on the upswing.
Just my idea, please share your thoughts.
