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maheswar81
Oct 25, 2021 7:10 AM

OHM Long

SUSHISWAP:OHMDAI_0554751D
OLYMPUS / DAI STABLECOIN on Ethereum (055475...7722D3)SushiSwap (Ethereum)

Description

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Hello Friends,

As you know, OHM is an ETH network coin and do Governance. Pays 8200% APY with Asset backed.

You can explore here : app.olympusdao.finance/

Technically, CUP and Handle Pattern in formation. Breakout confirmation above 1400$ for a target of $10000

I bought it at 800$ and will add more on Breakout. Between, when you stake it gives around 40% return per month.

Post your thoughts and questions. #DYOR.

Comment

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OHM retraced to 50% of the rally to $700. Price is trying to breakout.

Expecting a rally from here to ATH, will follow and keep posted.
Trend AnalysisChart PatternsTechnical IndicatorsohmOHMDAIohmethBTCUSDContains image
Comments
aluizaantonini
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@maheswar81 What day exactly will this 311 day period end?
maheswar81
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@aluizaantonini,

It is easy math bro, add number of days in every month until you achieve 311. It is Sep 30, 2022
legalBeer41910
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Loving the updates 👌🏾
kevinramige
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Just buy 1OHM and stake for 2y.
maheswar81
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@kevinramige,
Hey Kevin,

Current runaway period is 311 days, so I am not sure what will happen after 311 days.
metalhound
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@maheswar81, Hello, what exactly do you mean by runway period? and with OHM falling back to 900 levels has this thesis of yours to 10,000 changed?
maheswar81
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@metalhound,
Runaway, is the number of days sOHM emissions can be sustained at a given rate. Lower APY = longer runaway.
maheswar81
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@metalhound,

My idea is valid only when 1400 is brokeout and sustained. Until then it is not active.
maheswar81
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@metalhound, Ups and Downs are common. So I would stay confident and add more on dips.
cryptr0t
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Handle is not quite above the neckline in this chart pattern but it's a promising scenario if it plays out this way. Thanks for the share!
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