Analysis on the Daily Chart (1D) - Part 1 of 2

Crypto: $OM

1. Main Trend

Alignment of EMAs (9 / 21 / 42 periods):

EMA(9) ≈ 6.82

EMA(21) ≈ 6.18

EMA(42) ≈ 5.37

They are all sloping upward, and the price (~7.28) remains above all of them. This alignment (short EMA > medium EMA > long EMA) reinforces a medium-term bullish trend.

2. Recent Behavior of Daily Candles

There was a strong buying move, taking the price up to 8.20 in a large green candlestick.

Then, a few red candles appeared, suggesting profit-taking and/or a pause after the rally.

The most recent candle (around 7.28) is relatively small compared to the strong green candle, indicating a possible consolidation above 7.00–7.20.

On daily candles, corrective moves can last several days, so watch whether the price continues to hold above 7.00 to confirm a healthy pullback rather than a trend reversal.

3. Daily Support and Resistance

Resistance around 8.00–8.20: This is where the price recently encountered supply (sellers). A breakout above this level with high volume could trigger another leg up.

Immediate support around 7.00–7.20: A key zone to watch whether the price will consolidate and climb again or lose this level.

Main supports at the EMAs:

~6.80 (EMA 9) – the next “defense point” for buyers if 7.00 is broken.

~6.20–6.30 (EMA 21) – a more significant support for the medium-term trend.

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