(OSMO) osmosis "ICO"The origin story of Osmosis appears to have an ICO as part of funding early on; crunchbase.com data metrics.
Initial coin offerings give a chance for people to buy the token before it is available for public trade on markets. Less decentralized than if the token had made no sales before being pushed to market.
OSMOUSD trade ideas
Long OSMOWith the last little funds of my public portfolio, I am longing OSMO here. All signs are go and my target is probably way too conservative tbh. But we'll go with it for now.
FT 2.20
Entry 1.66
SL 1.47
RRR 3/1
You can see we've exited a bullish triangle. Volume is on the underside offering great support along with that ascending channel. RSI is very reasonably positioned. Another accumulation phase appears to be wrapping up here.
VWAP and Amazing Base, very high RRBINANCE:OSMOUSDT COINBASE:OSMOUSD
OSMO has been forming a picture perfect base with very few sellers coming into the fold. Its currently trapped between two major VWAPs so could break either way.
As the COINBASE:ATOMUSD ecosystem is always a laggard, it could rally very hard depending on how crypto in general acts once bitcoin reacts to its highs and the halving.
Very exciting time in Crypto, one where cool heads prevail, stop loss is under 1.5, entry over 1.67 close
OSMO - Waiting for the exitThis is a beautiful ascending triangle. Defined as:
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
www.investopedia.com
On breakout, the wave should send this to the 3.50 area.
Osmosis (OSMO)Osmosis is a decentralized exchange (DEX) for Cosmos (ATOM), an ecosystem of sovereign, interoperable blockchains all connected trustlessly over IBC, the Inter-Blockchain Communication Protocol. Anyway, OSMO has been in a downtrend since the beginning. In its last movement, OSMO was moving in a downtrend channel, then OSMO started a strong upward impulse wave from the bottom of this channel which reached and broke the channel's upper line. Let's see how up OSMO can move.
OSMOUSD Buy the break-outOsmosis (OSMOUSD) has been on a hyper aggressive rise in the form of a Channel Up since the October 19 2023 bottom, being supported by the 1D MA50 (blue trend-line) while forming a 1D Golden Cross in the process.
It has reached Resistance 1 (2.27800), the first important Resistance level on the long-term and if it breaks, we will buy the break-out targeting 5.000 (just below Resistance 2). The confirmation signal can be given by the emerging Bullish Cross on the 1D MACD, just like the December 10 2023 Cross, which initiated a +172.93% rally.
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Osmosis 20-40 dollar bullrun, 600% and 6000 % results on my Hey trader.
i am simon a indipendent trader from sweden รถdeshรถg who who gives information and entertainment threw technical, fundamental and macro analasis of stocks and crypto and today its Osmosis who is the prospect to chart out the path to prosperity.
Technicly lets start with the trendline thas continued from april 2022- oktober 2023, it shows a clear strong break with 6 weekly closes above the trendline indicating a trendshift has happened. We also see osmosis now is at several historical resistances marked with the greend circles and yellow lines, it is combined also with fibbonacci 0,5, which i think it can go abit further before reseting somewhat testing earlier levels, it should slow down after 1,7 because many will take profit regardless of manic or real estimations of higher prices.
The next rush is hard to predict when it will happen but after chrismas rally ends some coolof period will be needed like usal, after that i believe personally that it will not slow down untill 20-25 dollar value, which i plan to take profit now at 1,5 and put it into evmos and stargaze, and then again jump in for the next rally to 25 dollar, and maybe even 40-50 before june within 6 months.
Lastly is rsi that is a good supporting indicators, its now threw the roof at 80 ish, however sometimes cools of 2-3 spikes before price catches on so it could be there for a while but normally its a indicator i support to take my profits.
/Simon, the man.
Disclaimer: information and entertainment. Everyone has there own risk.