OSMOUSDT 5DOSMO ~ 5D
#OSMO This trade is high risk. But if you still have Conviction on the coin,. Buy gradually on this block with a short term target of at least 20%++
Osmousd
Analysis of OSMO#Analysis of OSMO Time 1W currency
The price is reaching a favorable support level, and if we see the entry trigger, we can see the beginning of an upward trend in the long term, and there is a possibility that the price will reach the specified goals.
Long OSMOWith the last little funds of my public portfolio, I am longing OSMO here. All signs are go and my target is probably way too conservative tbh. But we'll go with it for now.
FT 2.20
Entry 1.66
SL 1.47
RRR 3/1
You can see we've exited a bullish triangle. Volume is on the underside offering great support along with that ascending channel. RSI is very reasonably positioned. Another accumulation phase appears to be wrapping up here.
$OSMO - COSMOS Ecosystem Analysis SeriesI will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins.
Here is the fifth project in my long term buy list: OSMO - Osmosis. I will be adding more OSMO on the dips to my buy zones shown on the chart.
Osmosis, as part of the Cosmos ecosystem, is a project that has garnered significant attention and praise for its innovative approach to decentralized finance (DeFi). Here are some key facts about the Osmosis project:
Advanced Decentralized Exchange (DEX): Osmosis is not just a typical DEX; it is an advanced automated market maker (AMM) protocol that allows for the creation of customizable liquidity pools with unique characteristics. This flexibility is a significant advancement in the DeFi space.
Inter-Blockchain Communication (IBC) Enabled: Osmosis is one of the first projects to utilize Cosmos' IBC protocol, allowing for seamless and secure cross-chain transactions. This interoperability is a cornerstone for building a more integrated and efficient blockchain ecosystem.
Community-Driven and Governed: Osmosis operates with a strong emphasis on community governance. Holders of its native token, OSMO, can vote on proposals and have a direct impact on the project's development and future direction.
Innovative Liquidity Mining: The project introduced a novel approach to liquidity mining, offering users incentives to provide liquidity in various pools. This has not only attracted a significant user base but also enhanced the liquidity and efficiency of the platform.
User-Centric Design and Experience: Osmosis focuses on providing an intuitive and user-friendly experience, making it more accessible for users to engage with DeFi products and services.
High Throughput and Low Fees: Built on top of the Cosmos SDK, Osmosis benefits from high transaction throughput and low fees, addressing two of the most significant challenges in the DeFi and blockchain space.
Self-Upgradable Protocol: Osmosis features a unique self-upgradable mechanism, allowing it to adapt and evolve rapidly in response to community feedback and emerging market trends.
Commitment to Security: The platform emphasizes security and reliability, implementing robust measures to protect user assets and ensure a safe trading environment.
Fueling DeFi Innovation: Osmosis is not only a platform for trading but also acts as a catalyst for DeFi innovation, encouraging developers and entrepreneurs to experiment and launch new financial products and services.
Global and Inclusive Approach: Embracing the decentralized nature of blockchain, Osmosis offers a platform that is accessible globally, breaking down financial barriers and promoting inclusivity in the financial ecosystem.
Osmosis stands out as a beacon of innovation in the Cosmos ecosystem, showcasing the immense potential of decentralized finance when combined with user-centric design, community governance, and cross-chain interoperability.
OSMOUSD Buy the break-outOsmosis (OSMOUSD) has been on a hyper aggressive rise in the form of a Channel Up since the October 19 2023 bottom, being supported by the 1D MA50 (blue trend-line) while forming a 1D Golden Cross in the process.
It has reached Resistance 1 (2.27800), the first important Resistance level on the long-term and if it breaks, we will buy the break-out targeting 5.000 (just below Resistance 2). The confirmation signal can be given by the emerging Bullish Cross on the 1D MACD, just like the December 10 2023 Cross, which initiated a +172.93% rally.
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Osmo Coin price analysis and PredictionOsmo Coin price analysis and Prediction
Support and Resistance
OSMOUSDT Ahead of a major bullish break-outOsmosis (OSMOUSDT) is testing and marginally breaking today the Lower Highs trend-line that started on the May 05 High. With the 1D RSI on Higher Lows while the price has been on Lower Lows, i.e. a Bullish Divergence, we can finally see a major break-out. The next Resistance level in line and potential target is the 1D MA50 (blue trend-line) and the Lower Highs trend-line since the April 03 High.
If I had to make a projection that would be a rise towards the April 03 Lower Highs trend-line, then sideways consolidation or small correction until the 1D MA50 hits the April Lower Highs. If broken then the coin can test the March 01 Lower Highs and the 1D MA100 (green trend-line) at the same time.
At any point though, if the price after the consolidation/ correction breaks below the recent low/ Support, expect a sharp drop towards the 2.5 Fibonacci extension.
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OSMO/USD - One more leg down then FOMO time! 🚀As predicted in my last idea, OSMO continued down for some time and now it would appear we are about to complete a five wave correction.
Price completed wave 4 and is falling on wave 5. Once done, OSMO could have a nice recovery.
The indicators should also curve up nicely once we bottom on the last leg.
Buying under $8 seem like a good idea based on this chart. NFA.
I'd not jump just yet, give it a bit of time, but chart is promising.
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OSMO/USD - Bearish price action continues. Support at $8! 🙄Osmosis, an exchange token on the Cosmos ecosystem had a great pump in early 2022, but that quickly faded.
OSMO could not sustain the uptrend and in March fell below a key ascending trendline which was re-tested as resistance = BEARISH! See yellow circle.
For this reason, do not FOMO into OSMO. It can easily drop to $8 before any sustained recovery.
To turn bullish, OSMO has to turn the descending resistance trendline into support. Otherwise, expect lower lows as price searches for support.
The indicators and volume are also not looking sexy and are rather bearish.
Bias is bearish. This is supported by the price action and indicators.
Seems some market participants are stuck in the past when OSMO pumped hard, but this chart gives no such indications now.
Reality check is important. Wait for a clear break before FOMOing.
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