Omusdtanalysis — Trading Ideas on TradingView

FINAL LEG OF THE ZIGZAG CORRECTION ?Yello, Paradisers! Are we about to see the end of this correction, or is there still one more shakeout coming? Let’s break it down. 💎The market is currently unfolding within a Zigzag Correction (A-B-C) pattern, and we appear to be in Wave C the final leg of this structure. Wave A has already played out with a sharp downward move, followed by Wave B, which acted as a countertrend rally. Now, Wave C is in progress, forming the last phase of this corrective cycle. 💎Since this is a 5-3-5 Zigzag Correction, the third wave of Wave C has already developed, meaning the market is nearing a critical Demand Zone at 4.0283. This level is a strong support zone where a potential reversal could occur. If the price reacts positively from this area, it could mark the end of the correction and signal the beginning of a new bullish phase, starting Wave 1 of the next uptrend. 💎However, if the price remains trapped between the Moderate Support and Moderate Resistance zones, we may see an extended period of sideways consolidation before any decisive move. A key confirmation to watch is the RSI approaching oversold conditions, which would indicate that downward pressure is weakening and the probability of a bullish reversal is increasing. As always, Paradisers, the key to profiting in this market is waiting for high-probability setups. If this correction is indeed ending, the next move could be explosive. Stay sharp, stay disciplined, and trade smart! MyCryptoParadise iFeel the success🌴

After a -90% Dump, MANTRA(OM) Finds Support!!!Today, I want to analyze the MANTRA ( BINANCE:OMUSDT ) projec t for you, which fell by more than -90% on April 13 . What is MANTRA(OM)? MANTRA (OM) is a DeFi + RWA (Real World Assets) focused project aiming to bring real-world assets like real estate and bonds on-chain. Built with the Cosmos SDK, it’s developing a purpose-built layer-1 chain to facilitate tokenization and institutional adoption of RWAs. The main crash reasons: Massive forced liquidations on exchanges 90% of the token supply reportedly held in a single wallet Rumors of a rug pull (which the team denied) Team Response: MANTRA’s team has launched an internal investigation Plans for buybacks and token burns are underway They reassured the community that team tokens remain locked and untouched ----------------------------------- Technical Analysis: Now let's take a look at the MANTRA(OM) chart on the 1-hour timeframe . After the fall on April 13, MANTRA(OM) reacted to the Heavy Support zone($0.45-$0.20) and started to rise again (upward correction) . From the perspective of Elliott Wave theory , MANTRA(OM)'s big fall can be considered as a main wave 3 , and it seems that MANTRA(OM) is completing a main wave 4 . The main wave 4 could be a Double Three Correction(WXY) . Since the momentum of the main wave 3 was high, there is a possibility that main wave 5 will be a Truncated type . I expect MANTRA(OM) to start rising from the Potential Reversal Zone(PRZ) and rise to at least $0.76(+30%) ( First Target ) and then attack the Resistance zone($1.10-$0.84) ( Second Target(+60%) ). Do you think the MANTRA(OM) project can return to its good days? Note: If the MANTRA(OM) falls below $0.500(Round Number), we can expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. MANTRA Analyze (OMUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

OM/USDT: what happened?Hello friends Due to the heavy price drop, many holders of this currency fell into extreme fear, but according to the price chart, you can see that after this stunning growth, the price correction should finally happen. Now, if you are risk-averse, you can buy in steps within the specified support areas and move with it to the specified targets, of course, with capital and risk management. *Trade safely with us*

OMUSDT 1D OM ~ 1D Analysis #OM Buy gradually from here with a short -term target of at least 15%+.

#OMUSDT – Critical Breakout Zone 📊 BYBIT:OMUSDT.P is consolidating after a strong impulse move, trading near POC ($7.5915), indicating liquidity accumulation. The price is currently trapped in a tight range, suggesting an imminent breakout in either direction. Recent high volumes indicate strong participation from major players. The question remains—will buyers push the price higher, or will sellers take control and drive it down? ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:OMUSDT.P remains in a tight consolidation zone between resistance $7.8215 and support $7.3820. ➡️ POC ($7.5915) marks the high-volume area, making this range critical for the next move. ➡️ Price action within this zone may continue until a confirmed breakout occurs. ━━━━━━━━━━━━━━━━━━ ⚡ Long Plan: ➡️ Enter long above $7.8215 after a strong breakout and confirmation. ➡️ Stop-Loss at $7.7480—below the consolidation range. 🎯 TP Target: 💎 TP1: $7.9435 ━━━━━━━━━━━━━━━━━━ 📉 Short Plan: ➡️ Enter short below $7.3820 after confirming weakness. ➡️ Stop-Loss at $7.4740—above the nearest resistance. 🎯 TP Targets: 💎 TP1: $7.2595 💎 TP2: $7.1592 📢 If the price confirms a breakout above $7.8215, an upside move to $7.9435 is likely. 📢 Conversely, a breakdown below $7.3820 could lead to $7.1592. 🚀 BYBIT:OMUSDT.P is poised for a breakout—watch volume and direction closely!

#OMUSDT Expecting further upside momentum 📈 LONG BYBIT:OMUSDT.P from $6.2310 🛡 Stop Loss: $6.1400 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:OMUSDT.P is showing strong bullish momentum after breaking above $6.1965, confirming buyer strength. ➡️ The price is now above a key level, which could act as a support for further movement upward. ➡️ The main target for this move is $6.4600, a significant resistance level. ➡️ POC at $5.8242 suggests that major liquidity was accumulated below, reinforcing the bullish outlook. ➡️ Increasing volume indicates strong buying pressure, which supports further upward continuation. ⚡ Plan: ➡️ Enter LONG from $6.2310 if the price holds above this level. ➡️ Risk management with Stop-Loss at $6.1400, to protect against false breakouts. ➡️ Main upside target: 🎯 TP Target: 💎 TP1: $6.4600 — key resistance zone for potential profit-taking. 🚀 BYBIT:OMUSDT.P Expecting further upside momentum! 📢 BYBIT:OMUSDT.P If the price stays above $6.2310, further upside towards $6.4600 is expected. 📢 However, if the price drops below $6.1400, a pullback or range-bound movement could occur.

OMUSDT: Potential Long Setup Following Elliott Wave ABC Pattern Hi everyone, I'm looking at a potential long opportunity on BINANCE:OMUSDT , which appears to be repeating an Elliott Wave ABC pattern. As seen in mid-November 2024, the price completed a similar pattern: a strong initial rally (Wave A), a pullback to the 0.618 Fibonacci retracement (Wave B), and a final surge (Wave C) to the 2.00 and 3.00 extensions. Currently, OMUSDT seems to be in the Wave B correction phase, potentially offering a good entry point. If the pattern holds, we could see a move towards the 2.00 Fibonacci extension (around $5.600) and potentially to the 3.00 level, exceeding the previous high near $5.100. I've taken a long position with a stop-loss set around $4.00. Notably, a similar setup on SKLUSDT a few hours ago is currently showing a 15-20% profit, adding some confidence to this analysis. Good luck with your trades! Disclaimer: This is not financial advice. Trading involves risk. Do your own research.