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
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🎳 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 🎲
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OMUSDT
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.
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.
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.
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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Mantradao OMUSDT 20-25% move soon?Mantradao has been seeing lower highs since its Binance listing and appears about to retest this descending trend line in the next few days. If it breaks through to the upside it could see gains of potentially 20% before the next significant area of resistance. If rejected, prices could fall almost 25% before the next strong level of support.