Will OHM bottom soon? Clear 4h Bull Div, Daily oversold RSI.
Updated
So the last 2 ideas I posted were shortly followed by nice pumps, but couldn't be sustained for whatever reason. The fundamentals of OHM seem sound, the community is vibrant and it has a huge first mover advantage in it's area (algorithmic stablecoins on ETH). Value investors are surely paying attention here for the long term play. OHM forks have been sucking liquidity and investors away for months, but how many will survive? This chart is a simple and clear 4h bullish divergence on the RSI . The daily RSI is nearly all time low territory. So, can we *confidently* expect a reversal soon, or are we going lower? Impossible to say but given that prices were above $1000 a month ago it would seem like a nice opportunity to scale in to this project if you are a fan of its thesis and stated goals. Let me know your thoughts :)
Note
*Invalid below 360 or 17 on RSINote
FYI that last 4h green candle is the highest volume since the 15th of October. Volume spikes are often associated with trend reversals. Volume precedes price and volume confirms price. Take this as you will.
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