#OM HAS BEEN STAYING ON TOP OF THESE SUPPORTS: BREAK POSSIBLE?
If you're looking for an in-depth analysis of OM, then, you're in the right place.
Here's why.
We have reviewed the current market scenario for OM and it's still showing more signs of it being on its markup phase. The price is still sitting on top of the previous resistances broken from 0.63-0.87. These are holding it strongly and the lows it created were 0.88885, 0.83133 & 0.84674. We have also further analyzed the possibility of a breakout scenario where the extreme resistance levels will be tested out highly. These resistances are at 1.64912, 1.90306 & 2.33408 which are filled with concentrated amount of sell orders. Although, many are still doubtful as to when is the possible breakout for OM since there is still a possibility for it to continue moving towards 0.62701-0.76484 before it could potentially pump for another attempt on those resistances. The best solution to identifying its possible breakout is to keep testing it until it will confirm that the resistance has been broken off and it will continue to surge from there. In short, patience, observation and reaction are the keys to perfect market positioning.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
