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OMUSDT

OMG/USDT 2 HOURS TRADE SETUP Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. OMG/USDT breaks this DESCENDING CHANNEL pattern and now retests it. Entry: CMP and more upside the 21 MA Targets: 20% TO 25% Stop Loss: $4.4 What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
Long
by CRYPTOMOJO_TA
2
🈹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
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 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
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.
Long
by AlanSantana
1
OM/USDT { MANTRA DAO } - BULLISH SETUPANALYSIS 🔎 - OM/USDT is on an uptrend supported by the ascending trendline support. - The market hit a swing high and retraced. - Price is retesting the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance. - Breakout above this descending trendline resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Aggressive entry: the key fibonacci retracement zone. - Conservative entry: breakout above the descending trendline resistance. TARGETS 🎯 - Horizontal resistance level (@0.2608). - Horizontal resistance level (@0.2874). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support and the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
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).
by PClenton
11