#Analysis of OSMO Time 1W currency
The price is reaching a favorable support level, and if we see the entry trigger, we can see the beginning of an upward trend in the long term, and there is a possibility that the price will reach the specified goals.
With the last little funds of my public portfolio, I am longing OSMO here. All signs are go and my target is probably way too conservative tbh. But we'll go with it for now.
FT 2.20
Entry 1.66
SL 1.47
RRR 3/1
You can see we've exited a bullish triangle. Volume is on the underside offering great support along with that ascending channel. RSI is very reasonably...
I will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins.
Here is the fifth project in my long term buy list: OSMO - Osmosis. I will be adding more OSMO on the dips to my buy zones shown on the chart.
Osmosis, as part of the Cosmos ecosystem, is a project that has garnered significant attention and praise for its innovative approach...
Osmosis (OSMOUSD) has been on a hyper aggressive rise in the form of a Channel Up since the October 19 2023 bottom, being supported by the 1D MA50 (blue trend-line) while forming a 1D Golden Cross in the process.
It has reached Resistance 1 (2.27800), the first important Resistance level on the long-term and if it breaks, we will buy the break-out targeting 5.000...
Osmosis (OSMOUSDT) is testing and marginally breaking today the Lower Highs trend-line that started on the May 05 High. With the 1D RSI on Higher Lows while the price has been on Lower Lows, i.e. a Bullish Divergence, we can finally see a major break-out. The next Resistance level in line and potential target is the 1D MA50 (blue trend-line) and the Lower Highs...
As predicted in my last idea, OSMO continued down for some time and now it would appear we are about to complete a five wave correction.
Price completed wave 4 and is falling on wave 5. Once done, OSMO could have a nice recovery.
The indicators should also curve up nicely once we bottom on the last leg.
Buying under $8 seem like a good idea based on this...
Osmosis, an exchange token on the Cosmos ecosystem had a great pump in early 2022, but that quickly faded.
OSMO could not sustain the uptrend and in March fell below a key ascending trendline which was re-tested as resistance = BEARISH! See yellow circle.
For this reason, do not FOMO into OSMO. It can easily drop to $8 before any sustained recovery.
To turn...
