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Omusd

#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🌴
Short
by MyCryptoParadise_Simon
2
Cage Cycle Values for OmusdtCage Cycle Values: If the price is above 0.67647 (Buy Point), the price target is 1.13913, and if it is below 0.66245 (Sell Point), the price target is 0.19979. You can find the details of the Cage Cycle strategy attached. (MAKE SURE TO FOLLOW THE NEW TAKE PROFIT POINTS PUBLISHED AS TAKE PROFIT POINTS ARE INCREASED ACCORDING TO THE TRADING CYCLE) Long Position: Entry: 0.67647 Profit: 1.13913 (Will be updated if necessary in the positive direction) Stop: 0.66245 Short Position: Entry: 0.66245 Profit: 0.19979 (Will be updated if necessary in the positive direction) Stop: 0.67647 The Cage Cycle Strategy is a model that emerges from analyzing approximately 2 over 20 data points (1,000,000 and above tick data). The price definitely reaches one of the specified Take Profit Points as a price target. It is not possible to determine the direction with a hundred percent certainty in financial markets. Therefore, success rates are attempted to be increased by using certain models. The Cage Cycles end when the price reaches the price target in any direction in the Cage Cycle Strategy. Although it is not an investment advice, an example of use is as follows: A Long position is opened at the price level of 0.67647, the Stop Loss is 0.66245, and the Take Profit is 1.13913. When the price reaches 0.66245, instead of the Long position that was stopped, a Short Position is opened, with the Stop Loss of the Short Position being 0.67647 and the Take Profit being 0.19979. Transactions are monitored by stopping until the market direction is determined. Considering the number of stopped transactions and the expected time, Take Profit points are updated to increase profits (Updated Take Profit Points will never be lower than the initially specified Take Profit points). By recalculating the Take Profit points to increase profits, the aim is to compensate for the losses of the stopped transactions when the Cage Cycle ends. In the data analysis of the last 10 years, the average number of stops is 12, and the highest number of stops is calculated as 83 (These figures may vary in the future). Although it is not an investment advice, in the Cage Cycle, if the amount to be stopped is set at $1, by increasing the position by half of the initial lot amount for every 10 stops (0.5 $ for every 10 stops), a higher profit can be targeted along with the increased Take Profit point. Using the Cage Cycle data provided above as an example for Peopleusdt, after 15 stops, when the cycle ends, the profit-loss calculation (Initial Stop Amount to be stopped is $1): For the first 10 stops, the loss will be 10$*1=10$, and between 10 and 15 stops, the loss will be 5*1.5$= 7.5$, resulting in a total loss of 17.5$. The profit to be obtained with the updated Take Profit points will be 1.5*27= 40.5$. The net profit, excluding commission, will be 40.5-17.5= 23$. The Cage Cycle helps you determine the Take Profit point in your own trades as well, as it is known that the price will definitely reach one of the Take Profit points. Enjoy and Good luck with your trades. THIS IS NOT AN INVESTMENT ADVICE. Made by Yourcages
by yourcages
Is OMUSDT Primed for a Bullish Reversal? What nextYello, Paradisers! Is #OMUSDT on the verge of a massive bullish reversal? 💎#OM is showing a high probability of bullish continuation from a strong support zone. We've seen #OM consistently respect the descending resistance, recently breaking upward and completing a retest phase. Currently, it’s approaching support at $0.7422, raising the probability of holding momentum at this key level and planning a bullish reversal. 💎If #OMUSD can successfully sustain momentum, there is a high probability it will break above the resistance at $0.9011 and make a robust bullish move, targeting levels above this resistance zone. The price has already tapped this support level and made a significant upward move. We're expecting a repetition of the same reaction at this support level. 💎However, as sagacious traders, we must consider all probabilities. What if the price fails to take an upward ride from the support at $0.7422 and loses momentum? In such a scenario, we are looking for a bullish rebound from the lower support at $0.6953. Breaking this support would clearly indicate that seller sentiment is in control, and #OM could drop significantly Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
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
by behdark
1
OMUSD Breaking out. Catch it if you can!Mantra (OMUSD) broke today above the top of its Rectangle, which has been the pattern it consolidated in since late March. The recent low of May 30 was supported just above the 1D MA100 (green trend-line) and that initiated the current rebound. This is not very different than the March 04 break-out, which after holding its 0.5 Fibonacci retracement level, it started an aggressive rally towards the 5.0 Fibonacci extension, registering a +360% rise. This gives us our current Target at 2.800. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:OMUSDLong
by TradingShot
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.
Long
by Xanrox
29
OM can 12x in a few weeks. Buy now?Technical analysis Since my last technical analysis on OM, this coin made 190%. I believe this trend will continue in the next few weeks and month and soon we will hit a new all time high. We can see that the volume is extremely strong and whales are buying. There is absolutely no sign of weakness at this moment and the price action looks absolutely unstoppable. 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. About MANTRA MANTRA is on a mission to build the world’s preeminent and most-trusted decentralized finance ecosystem by bringing security, compliance and democratized access to DeFi. Through its flagship projects including MANTRA Finance and MANTRA Chain, MANTRA addresses key challenges that have held back institutional adoption of DeFi.
Long
by Xanrox
3
$OMUSD Bullish Parallel UptrendCRYPTO:OMUSD is in a Bullish Parallel Uptrend, wait for this to break before shorting or taking profits. In technical analysis, a parallel uptrend refers to a price movement pattern where the highs and lows of an asset's price form parallel lines on a chart, indicating a consistent upward trend. Here are some key characteristics and considerations related to a parallel uptrend: 1. **Parallel Lines:** The trendlines drawn along the highs and lows of the price chart run parallel to each other, suggesting a steady and sustainable upward movement. 2. **Higher Highs and Higher Lows:** In a parallel uptrend, each successive high is higher than the previous one, and each successive low is also higher than the previous low. This pattern signifies a series of ascending peaks and troughs. 3. **Support and Resistance:** The parallel lines serve as dynamic support and resistance levels. The lower line typically acts as support, preventing the price from falling too far, while the upper line acts as resistance, capping the upward movement. 4. **Trend Confirmation:** Traders often look for additional indicators, such as moving averages or volume analysis, to confirm the strength of the parallel uptrend. 5. **Duration:** The duration of a parallel uptrend can vary, and traders may use different time frames (daily, weekly, etc.) to analyze and confirm the trend. 6. **Trading Opportunities:** During a parallel uptrend, traders may consider looking for buying opportunities near the lower trendline or during pullbacks, anticipating that the upward momentum will continue. 7. **Caution:** While parallel uptrends can present favorable trading conditions, it's essential to exercise caution and use risk management strategies. No trend lasts indefinitely, and trends can reverse. Remember that technical analysis is just one approach to analyzing financial markets, and it's essential to consider other factors, including fundamental analysis and market sentiment, for a comprehensive view. Additionally, past price movements do not guarantee future performance, so it's crucial to stay informed and adapt to changing market conditions.
CRYPTO:OMUSD
by AlgoTradeAlert
🈹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 ------------------ 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
Long
by V0VOLAN
1