◳◱ A Resistance Breakout and Confirmation has been detected on the $OSMO / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.914 | 0.994 | 1.154, and the major support zones can be found at 0.754 | 0.674 | 0.514. Consider...
in my opinion OSMO will give a huge pump..reason
in weekly chart the RSI is really in a oversold area in a weekly chart which is a high timeframe....just imagine jow much it'll pump..
OSMO is at good buying area.
Apply your own risk management.
hunt the profits at any level you see convenient for you.
Green Zone for entry,
Red Level Exit,
Yellow levels are targets.
have a good day guys.
I always say that the best way to follow a plan is to be simple
OSMO is bouncing off a low and here is why I think this would work:
1) Simple V on the 1H chart
2) Money flowing into Crypto
3) BTC Dominance dropping
Follow the V!
Osmosis (OSMOUSDT) is testing and marginally breaking today the Lower Highs trend-line that started on the May 05 High. With the 1D RSI on Higher Lows while the price has been on Lower Lows, i.e. a Bullish Divergence, we can finally see a major break-out. The next Resistance level in line and potential target is the 1D MA50 (blue trend-line) and the Lower Highs...
Continuous selling pressure from rewards.
TVL is dropping with a probable support at 0.5B $USD.
No price support in sight, but maybe 1.5$ will hold, because staking rewards dropped dramatically.
It will inevitably reach that level if LP rewards will continue to increase due to lower TVL and no buy pressure is found.
OSMOSIS
So, right now, OSMO is trading at 9$, everything between 8.40$ and 9$ can be considered as Support, see B1. This zone is also a good spot for DCA OSMO.
If B1 does not hold as support at all, we should entertain the Idea that the Price is coming down to 7$ / 7.80$. See B2 which is also an excellent Zone to DCA OSMO.
Note, the Markets are still very...
As predicted in my last idea, OSMO continued down for some time and now it would appear we are about to complete a five wave correction.
Price completed wave 4 and is falling on wave 5. Once done, OSMO could have a nice recovery.
The indicators should also curve up nicely once we bottom on the last leg.
Buying under $8 seem like a good idea based on this...
Osmosis, an exchange token on the Cosmos ecosystem had a great pump in early 2022, but that quickly faded.
OSMO could not sustain the uptrend and in March fell below a key ascending trendline which was re-tested as resistance = BEARISH! See yellow circle.
For this reason, do not FOMO into OSMO. It can easily drop to $8 before any sustained recovery.
To turn...
![OSMOUSDT: $OSMO/#USDT [#Osmosis]: Resistance_Breakout_Confirmation](https://s3.tradingview.com/8/8kLERpZB_mid.png "$OSMO/#USDT [#Osmosis]: Resistance_Breakout_Confirmation")
