OLYMPUS / DAI STABLECOIN on Ethereum (055475...7722D3)SushiSwap v2 (Ethereum)
Description
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OHMDAI finally seems to be waking up after a lof of heavy selling and speculators being liquidated over the past few weeks. We have a nice bullish cross on the 4h SMAs coupled with nice sustained volume. We have broken local resistance and need badly to hold that as support should we fall to it. Up 40% from our recent low and 25% from my video yesterday, which is very nice to see! We need to reclaim the resistance levels and flip them as support, as well as make a series of higher highs and higher lows or we cannot confirm a reversal. Let me know your thoughts, and any ideas you might have :)
Note: I definitely see the confusion between charting of V1 and V2 OHM but am doing my best to keep it consistent until migration is 100% done*
Comment
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Long term and local RSI downtrend on 4h also has been broken.