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Mantradao

OM/USDT Likely to Go for a Bull Run? 🚀👀 OM Analysis💎Yello, Paradisers! get ready for a potential trading opportunity with OMUSDT. The asset is currently demonstrating substantial activity within the demand zone, hinting at a possible upward trend. 💎MantraDAO has been rigorously adhering to a trading channel pattern. After breaking above this channel, we anticipate a move towards a resistance level, followed by a swift retracement, in line with its historical pattern. 💎There's a strong chance of a bullish development starting from the support level of approximately $0.02098. Now that OM has successfully broken out of the trading channel in an upward direction, we expect it to target resistance levels around $0.0307. 💎Accurate timing is vital for savvy Paradisers. It's key to identify the best entry points during this upward phase, and it's wise to avoid entries at the peak of the trend. 💎However, remain cautious, as there is also a risk of OM dropping below the $0.02098 support level. A fall beneath this critical threshold may cast uncertainty on the likelihood of a continued upward trajectory.
Long
by MyCryptoParadise_Simon
2
🈹OM - 120 days of accumulationAs global markets SP:SPX NASDAQ:NDAQ are dumping, so is Bitcoin. This obviously strongly affects altcoins as well. Those aren't the best conditions to trade in, but: The price has been consolidating on 200EMA/key level/node of high volume for over 120days now, and it seems like the accumulation is near its end. In choppy price action, it is hard to rely on trendlines, although we may notice some sort of triangle pattern squeeze happening right now. Technical indicators are telling us that money keeps flowing in, and buyers are taking the control as MFI keeps going up. This could mean, that we could soon see a breakout from: - the accumulation zone(above key level) - macro triangle formation(break dynamic resistance-blue) - horizontal resistance area(red area) In case the market keeps dumping, ideally we'd like to see the price stay above the support area, otherwise the accumulation "power" might be used to push the price lower. Entry: average buy between current price and the area of support(green area) Targets: 0.295 0.338 0.436 0.523 0.608 0.685 0.810 0.882 + use mid/top of the channel trendline as dynamic target ------------------ About OM: MANTRA DAO is a decentralized finance platform with a specific focus on staking, lending and decentralized governance. The project is being built on the blockchain RioChain and will be connected with Polkadot. It is intended to act as an ecosystem for Web 3.0. The platform uses a native utility token, OM, for staking, lending and governance. While the project plans to move to the Polkadot network, the token has been initially issued on the Ethereum blockchain. MANTRA DAO was first announced in June 2020, and the platform went live with its first feature, staking, in October 2020. Source: coinmarketcap
Long
by V0VOLAN
1
MANTRA DAO vs Tether (OM)MANTRA DAO (OMUSDT) has multiple bullish signals with mixed feelings on this chart. Mixed feelings because the action is yet to start but the technicals are bullish, I'll explain. Prices are trading above the important MA200 and EMA300 indicators. Also EMA10, EMA50 and EMA100 (not marked). We have a long consolidation period for the past three month or so. This pair did good for us in the past, it can do so again. We are bullish above EMA300/MA200 ($0.210-$0.203). Below this level; warning but bullish long-term. This is what I see happening (green arrows). Either up from the current price or a drop and up anyways. Build your own plan before trading. This should only be used as an extra. This is not financial advice. Thank you for reading. Namaste.
Long
by AlanSantana
1
Mantra DAO OM. What if ATH?Here is my thoughts on Mantra DAO OM token. The project has great fundamentals, working team of developers. This year they expanded influence in to Africa. They staking platform is operational, jump start for new projects working perfect. Basically, fundamentals are great. Considering conservative risk management, lets say we put 0.1 ETH into OM, its 1270 OM todays rate You can stake with 33% APY. Lets say it will take 1 year for OM to reach ATH you will get about 400 OM from staking and it will worth 2.8 ETH This is great ROI for 0.1 ETH Will price stay the same, you make some from staking and swap it back to ETH.
OLong
by OlegDC
🆓MANTRA DAO (OM) May-25 #OM $OMOM is trying to stop the downtrend at 0.15$ zone and if it doesn't lose this zone, it will head to 0.3$ zone in early June. And 0.3$ zone is very important because it could be pushed down again but if successful in conquering this zone, it will hit 0.45$ and 0.55$ zone easily 📈BUY -Buy: 0.145-0.155$. SL if B 📉SELL -Sell: 0.29-0.31$. SL if A -Sell: 0.44-0.46$. SL if A -Sell: 0.54-0.56$. SL if A ♻️BACK-UP No Backup Plan ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
2
🆓MANTRA DAO (OM) May-15 #OM $OMOM has just had a quick pump and this is a good sign for a buying force and it could generate a new rally up to 0.55$ zone and even 0.85$ in early June 📈BUY -Buy: 0.29-0.31$ -Buy: 0.24-0.26$. SL if B 📉SELL -Sell: 0.39-0.41$. SL if A -Sell: 0.54-0.56$. SL if A -Sell: 0.83-0.87$. SL if A ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
2
Mantradao OM/USDT at critical support as large cap alts riseThe 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 the moment, given the performance of ETH and other large caps. When money does start to flow into the smaller-cap coins again, OM might finally get to break through that downwards trend line and take it back to the 42-50 cent region (as it could do easily if does a leg up from here completing an ABC pattern, though that speculation remains to be seen).
by PClenton
11
Mantradao S/R levels based n Binance dataAn 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 fundamentals use cases of this token probably mean it's highly undervalued, though confirmation of a trend reversal is advisable. There may be signs of a reversal following the recent dip: MACD cross & potential ascending triangle in previous days, not to mention OM nearing the end of a descending wedge. It is also of not that OM has not been following the same path as other alts recently.
by PClenton
5