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Mantradao

OM/USDT Mantra DAO last trading range before final breakoutMantra DAO gained some major momentum over the last weeks. We are currently within the last trading range befor the final breakout right to the top. The volume increased steadyli over time which is a major bullish sign. We now got a pullback which is healthy for further gains. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Cheers ps. Chart explanation: Green lines are tested support lines. Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. Cyan line is for volume trendline. Purple lines are trendlines we take a look at. Yellow lines are for visual help only.
Long
by tumbler55
MANTRA HIDDEN DEFI GEM 900%The project : A lot of DEFI project went out on a wrong timing during summer, a lot of them don't have taste the bull run. On the DEFI jungle some deserve a special attention. Mantra Dao a decentralised plateform that permit to lend coins with less collateral than snx, based on a scoring like a bank ; the collaleral will be variable (and that the actual problem of crypto lending plateform , the huge collateral), On top of that, everyone will be able to put his coins lending , a kind of p2p lending cross chain by the polkadot chain. This plateform also permit stacking and much more... In the future , decentralised finance coins with a real meaning for everyone will be the only ones who going to explode; imagine that from a mobile application, you can make a loan without having full collateral to provide or become a lender. The news : the 18/12 mantra dao launched the v2 of their coins that suppress fees from stacking. By end of year the lending and the app are going to be launch. In q1 2021 they're going to lauch there stable coin. The graphic: mantra is on an accumulation zone since the end of the DEFI hype. Compare to POLS it did the same start , the same cup formation. Remember those DEFI coin don't have ATH. Potential EMA 20 and 50 crossing soon on daily timelaps; the first time since mantra came out Stoch RSI is undersold
by MOIW
Mantra Dao - Can we turn bullish?Here is a quick one. Honestly looking for a higher low here. Trending down. We could be seeing accumulation phase taking place, but for that to be proven right, we need to first see a higher low form. The RSI resistance needs to be broken as well. First lets put in a higher low. The bearish fib extension is holding some support at the 127% level, but if it fails here, we will most likely go to 161% extension. If the bottom is in and we see a trend reversal, the bullish fib levels are also provided. Even the 127% extension would be enough to change to a higher high higher low trajectory. Overall bearish chart, but a great staking coin if you are looking for a high APY from a good project. APY at 88% with an airdrop soon. Happy Trading!
by derzzycharts
2
FA will determine TA scenario for OM. Price Discovery likelyOM is currently at a decision level, following massive dumps of presales and the first batch of unlocked tokens. For the next 30 days, the direction will be determined by FA news releases made within the next 48-96 hours. With no/negative FA, the price action of OM/USDT pair can become quite merciless, obliterating OM's value. However, it a more likely scenario of a young Polkadot DeFi project, FA news coupled with narrative is likely to move OM to the Green scenario in which a target north of 1 USDT is a possibility for OM, based on its TA. Subsequent price discovery would then need additional evaluation. Other Polkadot or DeFi projects experienced price discovery leading to 2-3x peaks after the entry of price discovery, which is not impossible for OM. However, even without that a positive scenario aims for 1.1 USDT. Another almost certain event is a listing of OM on Binance which is likely to serve as a catalyst for the potential price discovery.
Long
by Goldsworth
1