The Mantradao OM/USDT pair is currently at a critical level of support. If we manage to bounce from here there are 3 main targets for taking profit, with the breaking of the red trend line being a fair indicator of a reversal. If we fail to hold 32 cents then the drop down could be significant.
It is perhaps not surprising that OM is having a rough time of it at...
Hello Dears; See what we have here; Cup and handle pattern; I analyzed this currency yesterday, but because we had less data on Bainance exchange, I came up with another analysis; After breaking the downtrend, the price targets mentioned by the Fibonacci instruments will be available; Happy Trading
Completing the pullback to the broken roof.
I think there is a good profit in it, so after completing the pullback, it will be reviewed again and then we will enter.
The best area to buy is marked in purple
Try to get to the right place so as not to lose
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Mantradao has been seeing lower highs since its Binance listing and appears about to retest this descending trend line in the next few days. If it breaks through to the upside it could see gains of potentially 20% before the next significant area of resistance. If rejected, prices could fall almost 25% before the next strong level of support.
Hello Dears; I have always loved falling wedges and I always try to enter and except in cases where the market leader has a sharp drop in price and has affected the market, in most cases I have a good experience with this pattern and maybe this is one of the magic Be technical knowledge; The next point is the yellow line that I think the price tends to follow, and...
There has been a symmetrical triangle pattern forming inside the handle on Mantradao's cup and handle pattern on the daily chart. Considering the potential for Ethereum defi tokens given the recent Eth upgrade, OM may have just printed the final higher low before breaking out of this triangle.
An updated, alternative chart for short-to-medium-term levels of support and resistance for OMUSDT based solely on data from Binance (as this is the exchange trading the most OM volume when last checked). Most resistance is expected around the 44 cent level, decreasing thereafter as the price rises. Downside target is initial price at Binance listing. The...