Olympus DAO (OHM) has been in a downtrend since October 15th and now we're facing a major area of support at around $670 that needs to be held at the 0.382 Fibonacci level of $668. If we cannot hold this level then we will probably head back down to the 0.236 Fibonacci level of $475 which is not too pretty.
As of right now we're trying to see where Olympus DAO...
Listen, it was fun while it lasted; Printing unlimited free money every eight hours? Wow, great project. The truth is, that everything comes to an end. Don't be that guy who refuses to take profit. We are going LOW. How low? Low enough to emotionally, financially, and spiritually destroy you along with your pathetic little portfolio. All you had to do was listen.
I have updated the current statistical premium levels, according to the recent price action and premium values:
Price Range vs Premium
Historic Low Premium - 393.97
Low - 602.07
Mid - 885.35
Average* - 1068.19
High - 1168.64
Historic HIGH Premium - 2290.90
Given the fact that pool ended successfully on
OIP 52 - Add UST to Treasury
OIP 51 - Strategic...
1 glitch in the protocol doesnt make this tech any less revoloutionary
omnicron and protocol glitch make for the 2nd best buy opp in a while here imo
last time 1 degen mimed 20 times this time its a global narrative
but treasury and community relatively unharmed
ohmcononmy continues imo
By calculating the Premium that the market pays from market value backing per Ohm (MVBperOHM) - check here for my spreadsheet we can clearly see the prices that are atractive to some of the biggest holders of sOHM (or staked OHM).
Basicaly you either get a loan on RARI FUSE or ABRACADABRA, when the premium is low, so you can LONG it and you terminate the loan...
As you know, OHM is an ETH network coin and do Governance. Pays 8200% APY with Asset backed.
You can explore here : app.olympusdao.finance
Technically, CUP and Handle Pattern in formation. Breakout confirmation above 1400$ for a target of $10000
I bought it at 800$ and will add more on Breakout. Between, when you stake it gives...
Small size hold
- DeFi 2.0
OlympusDAO is a good place to start.
Olympus is a decentralized reserve currency protocol that is based on the OHM token. Each OHM token is backed by a basket of assets stored in the Olympus treasury. This in turn creates a floor price for OHM that the actual price shouldn’t fall below.
In order to...
OHM is showing why it is the best DAO - treasury is healthy, staking has been steadily in the range of 7,600-8,400% APY; and Olympus Pro is expanding its ecosystem.
Many new DAOs are appearing that are forked off of OHM, which is growing the entire DAO market cap, and is suggesting great potential for the viability of actual DeFi stable coin. I think OHM will...
I'm super bullish on Olympus DAO. Its Trading View pair is OHM/DAI. Double bottom confirmed on the daily so we should see ATH's within the next 2-3 months.
A good indicator the past few months for me to test BTC has been OHM. The pairs are inverse to each other basically. Check this:
Don't think this will stick now since...
This could be ATH... or maybe not.
From a weekly perspective Olympus offers amazing growth. Another thing is the reality that occupies us seeing that in 4h the movement is losing some strength although we do not see the price fall either.
Two things will probably happen after this analysis: either the price goes up or the price goes down. As always. Serve this...
I think the mixture of the downward resistance and EMA100 at 820 was too much for OHM.
Shook hard and tanked way past the 690/700resistance.
Straight down to the next fib line around 550.
Let's see if it can accumulate. It's a solid team with new partnerships just announced - will also be interesting to see how the lower price effects APY and minting of new OHM.
Olympus Dao ($OHM) New FIB: $OHM starting its BULL-run with a MACD BULL-ish crossover and RSI crossing the mid-line. $OHM respects $832.6072 support while looking ahead to test $947.3234 resistance. Highly speculative project which is 1 of 2 of my lottery tickets