😱😱😱 Yes! In the monthly chart (1M) of the pair $OM/USDT, you can see that a green candle is starting to form after a strong sequence of declines — especially after a very long red body candle (seller exhaustion pattern, sometimes).
Here are some important points to observe:
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📊 Quick Technical Analysis:
Current price: 0.3127 USDT
EMA(7): 2.1624
EMA(25): 1.7613
→ The price is well below the averages, which may indicate oversold and a possible attempt at reversal or at least a breather.
MACD: Still negative (DIF: 0.5387 | DEA: 0.7595 | MACD: -0.2208), but maybe trying to get closer.
RSI(6): 34.2
→ It is close to the oversold region (<30), which reinforces the signal that the asset might be preparing for a reaction.
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🕯️ The green candle:
If this monthly candle actually closes green (we still have the whole month), it could indicate:
1. End of selling pressure – after a major sell-off, buyers start to come in;
2. Bottom signal – might attract traders looking for reversals;
3. Possible bear trap – if many sell at the bottom expecting further decline and the price reverses strongly.
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⚠️ Attention:
It is still early to affirm a reversal. The candle is still at the beginning of its formation, and the volume needs to confirm the entry of strong buyers.
DYOR ALWAYS🎯
