The buying force is still trying to stop the decline of OM and if successful, it will help OM in moving up to 0.65$ or even 0.85$ zone in this April 📅EVENTS 👉Apr 6 : TRO & GAINS Launch 👉Apr 7 : FMT Launch 👉Apr 7 : Zendit Token Offering 📈BUY -Buy: 0.44-0.46$. SL B 📉SELL -Sell: 0.64-0.66$. SL A -Sell: 0.83-0.87$. SL A ♻️BACK-UP -Sell: 0.44-0.46$. SL A -Buy:...
A rough estimate on the cup and handle forming with the OMUSDT daily chart suggests the potential for a breakout to above $1.20. That being said, the 1.618 fib extension from the top of the cup is at a slightly lower $1, which is an obvious key psychological level, where may people may be looking to take profit. However, before any break out occurs OM could also...
OM shows a long term bullish setup. We have a cup and handle pattern, as well as a retrace currently that extends down to the 61.8% line. The bounce off of this line is bullish by itself, but once the lid is broken, we should see some steep gains up to $1.80 - $2.20 Target for this pattern is technically lower, as previous lip is lower, however because we are...
In my opinion if we break the fifty cent phycological barrier we get sent to fifty-six cent area with little resistance. #zendit
Mantradao Om is currently downtrending with the rest of the market, but it is still above a key support level. The daily chart has retraced to the 0.618 fib golden pocket zone from its recent high and despite the MACD and RSI appearing bearish still, is potentially forming an impressive cup and handle.
Updated Chart - Had this new chart ready to go a couple hours ago, but was waiting for confirmation.
ANALYSIS 🔎 - OMUSDT hit an ATH and retraced. - Price retested the flip horizontal support (FHS) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone. - Price action printed the bullish double bottom (DB) pattern. - Price brokeout above the double bottom (DB) neckline resistance (NR). -...
Things are starting to look really #bullish again for @MantraDao #zendit
Chart structure, fib levels and 4hr 50 EMA could indicate OMUSDT is above strong support even if the 20 EMA doesn't hold. Consideration of the first hour's candle from the launch day on the Poloniex chart (which is not recognised by Coin Gecko or Coin Marketcap) suggests a 4x would be needed for a new ATH on that chart. It's also noteworthy to mention that at the...
Mantradao has formed a perfect cup on the weekly chart and hit a new all-time-high in the last 24 hours. It now has strong support around 50 cents with a 0.618fib golden pocket giving support at 32. Next macro target is $1 as this will most likely be a key psychological level, although the 1.618 fib extension target (not shown) would now be $1.15. As the...
Mantradao's OMBTC pairing on Binance appears to be forming an ascending triangle which could be a reversal pattern. It's arguably working on an inverse head and shoulders if you squint hard enough). If it were to break to the upside, the indicated price target would be around 900sats. However, one must remember that this is a very new chart and be accordingly cautious.
Mantradao's OM token has had a fairly standard price spike following its listing on Binance. After breaking out of a descending wedge, its next bullish target looks to take it back up to the level it was trading at last September. Link to article on Binance effect here: bitcoinexchangeguide.com
Mantradao is doing well today following its Binance listing. Statistically these listings can result in a 106% price spike, though even that would still be below its previous ATH.
After bouncing off the 4hr 200EMA from a descending broadening wedge, OMUSDT's cup and handle speculated previously appears to remain in play. OM's seen a fair bit of price action around this level before, so we might bounce around here a while longer. However, if the market remains bullish we could soon se a breakout up to around the 50cent mark indicated by the crockery.
$OM - Mantra Dao - Launchpad ZendIt to the Moon! twitter.com
Not as symmetrical as I'd like to see a cup and handle, but given where we are in the crypto market cycle overall I remain optimistic for a decent breakout to the upside soon. It'd probably be a stronger signal if the handle continues a little further. I'm not particularly bothered by the high left hand side of the cup, as this is a new chart which includes a...