📌 Technical, wave, time, and classic analysis of OM/USDT
📊 1. Technical Analysis: General Trend and Key Levels
📌 General trend
• Current price: 7.4857 USDT
• Last bottom: 0.0172 USDT
• Last high: 8.4604 USDT
• Moving averages:
• EMA(7) = 5.8811 USDT → Price is above it, indicating strong bullish momentum.
• EMA(25) = 3.7959 USDT → The price is very far from this average, which supports the uptrend.
• EMA(99) = 1.6365 USDT → Long term trend is strongly bullish.
📌 Technical indicators
• RSI(6) = 91.12 → Very strong overbought, which increases the possibility of a correction soon.
• RSI(12) = 85.61 → still in overbought zone.
• RSI(24) = 81.94 → The trend is strongly bullish, but be careful about taking profits.
• MACD = 0.3619 → Positive, but the price may need a correction before continuing upward.
• Stoch RSI = 81.98 → in the overbought range, which supports the possibility of a correction.
• Williams %R = -17.86 → In strong overbought.
✔ Interpretation:
• The trend is strong upward, but the indicators are in overbought levels, which increases the possibility of a correction or decline soon.
• MACD remains positive, indicating that momentum may continue after the correction.
📉 2. Wave Analysis (Elliott Waves)
• OM appears to have completed an upward impulse wave (1-5) after the 0.0172 USDT bottom.
• The price may now be at the end of the third wave or the beginning of the corrective wave ABC.
📌 Possible scenarios for the next wave
✔ If the price continues above 7.00 USDT, we may see a continued rise towards 9.00-10.00 USDT.
✖ If the price breaks 7.00 USDT, a correction towards 5.50-4.50 USDT may start.
⏳ 3. Time analysis: When might the next move occur?
• The price has risen very quickly over the past few days, indicating an unsustainable move in the short term.
• Based on the time patterns, we may see a correction in the next 24-48 hours due to the heavy overbought.
✔ If the price stays above 7.00 USDT, it may continue to rise directly.
✖ If this level is broken, we may see a correction towards 5.50-4.50 USDT in the coming days.
📈 4. Classical Analysis: Support and Resistance Patterns
1. First support: 7.00 USDT → If broken, we may see a deeper correction.
2. Support 2: 5.50 USDT → Strong area if correction continues.
3. First resistance: 8.50 USDT → Important psychological level for the rise.
4. 2nd Resistance: 10.00 USDT → If broken, the uptrend may continue stronger.
✔ If the price breaks 8.50 USDT, we may witness a new bullish wave.
✖ If it breaks 7.00 USDT, a correction towards 5.50-4.50 USDT may start.
🎯 Possible strategies based on technical, wave, time, and classical analysis
✅ Buy entry strategy (if the upward momentum continues)
1. Buy entry on any bounce above 7.00 USDT.
2. First target at 8.50 USDT.
3. Second target at 10.00 USDT if the momentum continues.
4. Stop loss at 6.80 USDT.
❌ Strategy for entering a sell trade (if the correction begins)
1. Sell entry when 7.00 USDT is broken.
2. First target at 5.50 USDT (strong support).
3. Second target at 4.50 USDT (if the decline continues).
4. Stop loss at 7.50 USDT.
📌 Final conclusion: Is there a compatibility between technical, wave, time, and classical analysis?
✔ Yes, the general trend is up, but there are signs of a possible imminent correction due to the RSI and Stoch RSI reaching overbought areas.
✔ If the price continues above 7.00 USDT, it may continue to rise towards 8.50-10.00 USDT.
✔ If it breaks 7.00 USDT, we may see a correction to 5.50-4.50 USDT in the coming days.
📌 🚀 Final decision:
• If the price continues its upward momentum, entering a buy trade would be ideal.
• If reversal signals appear or 7.00 USDT is broken, it might be better to wait for a correction before re-entering!
