Get started

OM / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

OMUSDT trade ideas

$OM Bullish pennantBINANCE:OMUSDT is currently doing a bullish pennant pattern after an explosive move from 1.67 area. A break of this pennant could send BINANCE:OMUSDT price parabolically to around 6.40 - 6.80 area, measured using the length of the pole in confluence with 2.618 fib level. In a typical retrace on a continuation move towards the upside, volume tends to dry out, signalling that a move may be due sooner than later. In futures, BINANCE:OMUSDT.P O/I continue to hover around $14M which is a good sign given the sentiment of the market towards premium RWA projects, with a positive L/S ratio. On the flipside, a break of the lower level will only continue the current ranging move of BINANCE:OMUSDT towards 3.30 - 3.50 area. Given that the market is still focusing on BTC, BINANCE:OMUSDT will continue to move in a laggard fashion, therefore there is still time to find a long entry near 3.55 - 3.63 area. Once money shifts towards alts, this will propel BINANCE:OMUSDT to new ATHs. As always, manage your risks. GL! - JD
Long
by The_Bro_Analysis
1
$OMUSDT nearing completion of bullish flag patternBINANCE:OMUSDT is nearing completion of its bullish flag pattern, with the following confluence: 1. FVG Gap filled in confluence with .386 - .5 fib retracement level. 2. Decreasing volume on a pullback 3. Daily Stochastic RSI has bottomed out, and is about to flip towards the upside Also, metrics show: 4. Margin long/short ratio on Spot steadily increasing from a low of 0.02 last Feb. 24, and is currently at 1.04 (borrowed long > borrowed short) 5. Futures long/short ratio increasing, currently at 0.62 from 0.17 last Feb. 16 6. Decreasing on exchange supply with significant Spot OM token withdrawn from exchange in the last week Things to note: 7. Daily RSI is been cooling down, currently at 52.99 from an Overbought level of 77.21 last Feb. 23 during ATH price of 9.1051, signaling a continuation of uptrend 8. Daily MACD is currently bearish, with increasing strength, supporting the current short term pullback. If the price of BINANCE:OMUSDT will breakout from its current bullish flag pattern, next target is set at around 12.24 - 13.14, between the height of the current pole and extended fib level of 2.618
Long
by The_Bro_Analysis
OM | MANTRA | Bullish Cycle OVER?MANTRA has made leaps and strides towards a new ATH, whilst the rets of the market was trading lower for the past few weeks. But it seems the buying pressure has run out, if we take a look at the technical indicators. Interestingly enough, if we take a look at OM through the Weekly timeframe and we pull up the Fibonacci extension, the current cycle ended at exactly 2.618 - a significant marker in the Fib zones. It is said that, after reaching 2.618, a retracement to 0.786 is probable. This would put us roughly at the major previous resistance zone before the ATH breakout: The Moving Averages is another great place to watch for possible bounce zones: After this correction (which could go even lower) the price could potentially bounce back, as it gears up for a new ATH. I'd be looking to buy from the 0.786 and lower, possibly as low as the $2 mark. ________________________ OKX:OMUSDT
Short
by Crypto-Check-
#OM/USDT#OM The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it We have a bounce from the lower limit of the descending channel, this support is at a price of 6.64 We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise We have a trend to stabilize above the Moving Average 100 Entry price 7.10 First target 7.48 Second target 7.71 Third target 8.00
Long
by CryptoAnalystSignal