Olympus needs the distribution phase in the middle of the A wavebutterfly harmonic pattern:
X=$91
AB=0.78 XA
BC=0.88 AB
0.78 4-5=$262
0.88 4-5=$212
0.78 X-3=$164
0.88 X-3=$125
1.13 X-3=$64
1.6 4-5=$45
1.27 X-3=$43
2 4-5=$20
1.6 X-3=$16.5
2.24 4-5=$12
Olympus
OlympusDAO OHM/DAIWe faced a big drop in OHM price. According to my calculations, the price staying around $60 for a while indicates that there is a strong support line here.
In my opinion, the lowest level the price can be for the months of January-April is around $40-45.
If it touches this level, there is a great possibility that the price will go up to $200.
OHM - Decision Time. Hi all, I hope you're doing well. We saw some nice price action today which pushed us above some resistance levels and key moving averages. The OHM/DAI pair is currently hovering below a key supply zone where sellers are likely to take profits and could be major resistance.
Currently the daily is forming a nice green hammer with encouraging continued volume, but we need to wait and see how it closes as things are currently a little choppy. Currently the 8 day EMA, which can be used to informs us of continued strength and momentum sits @ $428. A close above this level would be an encouraging sign for the near term. A nasty rejection of this upper supply zone or loss of momentum here could lead us lower and we may be facing a double bottom of the recent low.
It is important to be prepared for all possibilities. If we can push through this zone with sufficient volume and hold it as support in a clean polarity flip then I believe we can look forward to higher prices coming in to the New Year. Let me know your thoughts and if you have any of your own ideas, I'd love to chat about them.
Happy Christmas :)
Garreth
OHM Higher Lows & Higher Highs. Trend Reversal? Where to next?Hi all, I hope you're doing well. As my last 2 videos pointed out not only was a bounce quite inevitable given the technicals but the key was higher highs and higher lows. We've flipped and held some key resistance levels as support. We need continued volume to push higher. Here are my thoughts on what to look out for! Please enjoy, and let me know your thoughts :)
Garreth
OHM Looking bullish, but we have a long way to go. What's next?OHMDAI finally seems to be waking up after a lof of heavy selling and speculators being liquidated over the past few weeks. We have a nice bullish cross on the 4h SMAs coupled with nice sustained volume. We have broken local resistance and need badly to hold that as support should we fall to it. Up 40% from our recent low and 25% from my video yesterday, which is very nice to see! We need to reclaim the resistance levels and flip them as support, as well as make a series of higher highs and higher lows or we cannot confirm a reversal. Let me know your thoughts, and any ideas you might have :)
Note: I definitely see the confusion between charting of V1 and V2 OHM but am doing my best to keep it consistent until migration is 100% done*
OHMDAI Bullish daily candle with biggest buy volume ever? Howdy! Hope everyone is having a good weekend out there. Green hammer, huge volume (biggest green volume on the daily ever for this pair), nice bounce from support confluence. We need VOLUME and to start making higher highs/low as well as flipping resistance to support. All my ideas are laid out here for you. Let me know your thoughts and any ideas you might have! Thanks :)
Garreth
Ohmie EntryOlympus looking good on this fractal , Looking for a move away fro the 78.6 / consolidation, and then a break out of the trendline... Could see 2k target...
OHM Descending channel/macro outlook Hi all, hope you enjoy my analysis here. Do let me know if you prefer written or oral style updates. I certainly prefer to listen to content and find it easier as an explainer. Obviously I'm charting OHM and not gOHM here, IMO supply and demand aren't the same between the two so it's worth looking at OHM as that's what I feel most investors are looking at. My last few ideas on RSI divergences have been pretty well timed and pumped, but we lost momentum/had failed swing-high unfortunately. Feedback welcome :)
Will OHM bottom soon? Clear 4h Bull Div, Daily oversold RSI.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 :)
Olympus DAO (OHM) Was $430 the Bottom?Clearly we've been in a bear market trend for Olympus DAO and many other DAO's. A big 70% retrace from it's swing high of $1360 Olympus DAO has been in a downtrend for the past 2 months and we're still trying to find a bottom. I personally believe we're coming close to finding a bottom for Olympus DAO and $430 may be it. However we're still on a continuation of this downtrend so waiting for clear signs of reversals and change of trends is important. But on our RSI readings we've formed some deep troughs and we may be nearing a bottom soon.
Much peace, love, health, and wealth!
OHM Double Bottom + Double Bullish Divergence on 4h Chart. Aftet it was looking like the last 4h bullish divergence was the bottom, we have come back down to test the same support range, with a small deviation below. The original 4h bull div in my last idea is still valid, but now we have a clear double bottm and a double bull div. The 2nd one is because the price made a double bottm, while the price made a higher low. After 11 days of selling and the daily RSI in the mid 20's this would seem like an obvious area to accumulate this project, which is currently criminally undervalued. Invalidation for this idea is a clean break of the support line @ around $450. If this isn't the bottom, then it's surely soon. I think it's a great long-term play for value investors. Noise traders beware. Those are my thoughts. Enjoy :)
Olympus DAO (OHM) Critical Support Area Must Be HeldOlympus DAO (OHM) has been in a downtrend since October 15th and now we're facing a major area of support at around $670 that needs to be held at the 0.382 Fibonacci level of $668. If we cannot hold this level then we will probably head back down to the 0.236 Fibonacci level of $475 which is not too pretty.
As of right now we're trying to see where Olympus DAO finds its new swing low before another change of trend. Once we break this downtrend I do believe we will run back up to around $900 given that is where most of the price recognition and action has occurred at.
Much peace, love, health, and wealth!
Premium OHMDAI price levelsI have updated the current statistical premium levels, according to the recent price action and premium values:
Price Range vs Premium
Historic Low Premium - 393.97
Low - 602.07
Mid - 885.35
Average* - 1068.19
High - 1168.64
Historic HIGH Premium - 2290.90
Given the fact that pool ended successfully on
OIP 52 - Add UST to Treasury
OIP 51 - Strategic Asset Whitelist
will also probably pass the snapshot vote, this will likely cause the Market Value Backing per OHM to grow
from currently 101.25 USD (as of 11/28/2021 check the spreadsheet here )
to a likely value (depending on interest and market conditions) of 114 USD per OHM, probably before the OIP18 expected APY drop , projected on Jan 26 2022
Price Range vs Premium
Historic Low Premium - $443.58
Low - $677.26
Mid - $996.48
High - $1,315.69
Historic HIGH Premium - $2,579.38
Even if in the unlikely drop to a historic low premium (give the fact that Fohmo4 is around the corner in Dec 2021) which is -47% from the current level,
if you stake until Jan 26 2022 (usually a decrease in supply emission = more scarcity = higher price) you would have netted a 6% ROI just by (3,3).
Some asset should not be sold. Take care ohmies.
Olympus DAO (OMH) entered long term support zoneOlympus DAO is at a long term support zone right now, this is a support zone since begin October, Olympus entered this zone 4 times already and I don't think it will break to the downside.
This zone is a good place to accumulate some more OHM in my opinion
Simple OHM DAI strategyBy calculating the Premium that the market pays from market value backing per Ohm (MVBperOHM) - check here for my spreadsheet we can clearly see the prices that are atractive to some of the biggest holders of sOHM (or staked OHM).
Basicaly you either get a loan on RARI FUSE or ABRACADABRA, when the premium is low, so you can LONG it and you terminate the loan when the premium is HIGH, that way you actually never sell your staked Ohms and earn much more from rebases, or the simple way: buy low, sell high, but be carefull on the ETH gas fees
Olympus DAO - The #1 DAO I'm super bullish on Olympus DAO. Its Trading View pair is OHM/DAI. Double bottom confirmed on the daily so we should see ATH's within the next 2-3 months.
A good indicator the past few months for me to test BTC has been OHM. The pairs are inverse to each other basically. Check this:
Don't think this will stick now since OHM was flying under the radar - now the project has been doing a lot of marketing.
The 7000% APY returns on OHM is insane; you're doubling your tokens every 6-8 weeks essentially based on the compounding effect.
This project has sound fundamentals, it's a DAO and DAO's haven't taken off like DeFi and NFT projects have yet.
Obviously DYOR and this ain't financial advice bla bla bla.
OlympusDAO August LevelsThis could be ATH... or maybe not.
From a weekly perspective Olympus offers amazing growth. Another thing is the reality that occupies us seeing that in 4h the movement is losing some strength although we do not see the price fall either.
Two things will probably happen after this analysis: either the price goes up or the price goes down. As always. Serve this idea as a reflection of an imminent price action that we hope will be on the part of the balance of its increase, although we must not forget that there is the possibility (there are probabilities) of future corrections now at the end of the month.
Here I leave the levels to consider.
Happy summer.
GL ohmies, all the best!
What is Olympus?Olympus is an algorithmic currency protocol based on the OHM token. It introduces unique economic and game-theoretic dynamics into the market through asset backing and protocol controlled value.
How can I benefit from Olympus?
The main benefit for stakers comes from supply growth. The protocol mints new OHM tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in OHM and thus the bonder's profit would depend on OHM price when the bond matures. Bonders benefit from a rising or static OHM price.
Want more info? here!
...brutal.
