BINANCE: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,...
BINANCE: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...
