Trend update from indicator #ichimoku cloud to $OM : As per my previous post, the price correction followed the projected path, our Diamond entered the lower Bollinger band on the daily chart towards the Ichimoku cloud. The RSI (14) is at 38, signaling the possibility of further correction, which is why we are still in a #BEARISH📉 market for the asset. Tomorrow the daily price meets the cloud and a signal to exit the lower Bollinger band should begin, but there should still be an attempt to break downwards. Currently, there is not enough buying volume to break the resistances of 6.4 and 6.7, and there is strong buying pressure at 5.8, which consequently pulls the price down, in accordance with the trend observed in the indicators. The phase remains accumulation for Hodlers and daily traders should be cautious at the indicated resistance levels as without volume there, the price will not rise. The uptrend begins if on the daily chart the green line of the cloud is respected and the price follows its path upwards, recovering the Bollinger average.

Everyone must have realized that my main asset is the Diamond $OM , as I don't like to see people acting on #FOMO it is also necessary to present the realistic scenario for investors who want to enter a position now for the long term: the price will go through a correction and consolidation lower before starting its bullish season again. It will continue to rally upwards, but it is retracting.

Analyzing the #ichimokucloud , it can be seen that the price is in a bearish cloud for the next few hours, rising again if it crosses above them on the 6th around 12 PM.

On the 1D chart, it is above the clouds (bullish) but heading downward, seeking the lower Bollinger and crossing the cloud downward. What does this mean? That we will go through an increase in volatility and deep price oscillations between 5.5 and 7.7 (the price may spike up during March, but the trend is to return to this range until it consolidates between 6 and 7).

This trend can change as developers work and the market maintains interest, so now is a time to accumulate OM, but do not buy everything at once, buy as it falls and corrects, little by little. This is called a DCA strategy, and it minimizes being in the red due to the trend. Avoid entering a position when it is rising unless it is to take profits and buy more when it drops. Buying when the candle has already exploded upwards will only frustrate you and make you think it is a bad investment. Above all, DO YOUR OWN RESEARCH, and remember, this is a trend analysis, with only one technical indicator and trends can change with a strong upward candle. When in doubt, create #bots and let them invest for you.
{spot}(OMUSDT)