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...
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.
$om needs to reclaim the fifty cent support to return BULLISH again! #btfd not financial advice just my opinion.
OM got Binance listed and therefore has seen a big pump. We even crusehd the previous ATH and are currently within a pullback. Looking for a new entry we see two possibilities shown by the box areas. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the...
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). -...
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...
Mantra Dao is seriously gaining momentum and setting up a major breakout. The target is high but not out of reach. We found new support which defines our trading range before the breakout. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my...
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...
If it breaks 0.4 It is not investment advice.
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
Hi traders! OM is looking veeery good! -Nice fundamentals -Strong brake out with high volume and retest -Correction in shape of ABC where C is ending diagonal(1-2-3-4-5) -Bullish brake out of ending diagonal and retest now -BTC pair is also looking promising 🚀 🚀 🚀 Trade safe!😎
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.