OM is about to welcome a clear bullish market! From the technical perspective of the 4-hour level, key signals have clearly emerged:
• Cup and Handle pattern has been completed: The formation of this classic bullish pattern indicates that the previous adjustments are nearing an end, and buying power is gradually accumulating, laying a solid foundation for the subsequent rise.
• Triangle convergence pattern has effectively broken out: The previously sustained triangle convergence consolidation pattern has been strongly broken, with the upward breakout's strength and trading volume well coordinated, confirming the validity of the trend reversal.
The current price is in the process of retesting the support level after the breakout, which is a normal confirmation action before the market starts, aimed at digesting short-term profit-taking and consolidating the support strength. From the market performance, selling pressure during the retest is limited, and the buying strength is stable, further verifying the reliability of the support below.
Combining pattern volume and support strength analysis, once the retest is confirmed, the short-term bullish market for OM will officially start, with an expected increase of up to 20%. In terms of operations, refer to the chart below for incremental profit-taking:
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• Cup and Handle pattern has been completed: The formation of this classic bullish pattern indicates that the previous adjustments are nearing an end, and buying power is gradually accumulating, laying a solid foundation for the subsequent rise.
• Triangle convergence pattern has effectively broken out: The previously sustained triangle convergence consolidation pattern has been strongly broken, with the upward breakout's strength and trading volume well coordinated, confirming the validity of the trend reversal.
The current price is in the process of retesting the support level after the breakout, which is a normal confirmation action before the market starts, aimed at digesting short-term profit-taking and consolidating the support strength. From the market performance, selling pressure during the retest is limited, and the buying strength is stable, further verifying the reliability of the support below.
Combining pattern volume and support strength analysis, once the retest is confirmed, the short-term bullish market for OM will officially start, with an expected increase of up to 20%. In terms of operations, refer to the chart below for incremental profit-taking:
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OM
0.2609
-7.35%
BTC
118,660.48
-2.57%
ETH
4,630.15
-1.39%