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Omxs30

#OM/USDT#OM The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it The price rebounded well from the green support area at the 0.5800 support level, which is a strong level We have a trend to hold above the Moving Average 100, which is strong support for the rise We have very strong oversold saturation on the RSI indicator to support the rise, with a downtrend about to break higher Entry price is 0.6700 The first target is 0.8100 The second target is 0.9000 The third goal is 1,000
Long
by CryptoAnalystSignal
2
OMX - Bounce on the 50% levelI see that many are worried now and warning of an impending stock market crash, and that an economic recession is on the horizon with rising interest rates. 🥶 I have a completely different perspective. I believe that the bottom was already reached in 2022, and the decline we've experienced over the past two months will soon be over. I believe the economic downturn has already passed, and the economy is heading towards brighter times. It might take some time, but the stock market always leads the way, and I believe it will be the same this time. 🫂 The fifty percent zone is always significant, regardless of the time frame, but it holds particular importance in the long run. The blue mark represents the 50% zone from the 2021 peak to the 2022 bottom, and this zone will be highly significant. ⚖️ If we start closing below that zone, it could lead to several years of challenging times. Currently, we've just bounced from there, and I believe we'll move up from here. It's possible that we might bounce around down here for a while before moving up, but I'm quite confident that we won't go much lower than where we are right now. The dollar looks strong and has recently broken out, which isn't favorable for assets. The dollar also has a crucial 50% zone that I believe it has the potential to reach and then reject. This should be the last major uptrend for the dollar before it falls significantly. 💵 We'll see how everything unfolds. Depending on what the dollar and the U.S. stock market do, OMX may be affected. SP500 and NASDAQ are somewhat away from their 50% zones, so OMX might decline for a short while before rebounding if the larger indices react positively at their 50% zones. 💬 As I've mentioned before, I believe we will reach new All-Time Highs within the next 10 months. 🥳 Best of luck!
OMXSTO:OMXS30Long
by WealthNode
Rising wedge and channel roof in sight before bear market? We can see several reasons that the fall of 2021 will be a tight squeeze for the market. Here are some pointers to look for. 1. Long term rising wedge formation with conjuction and consolidation also in the daily channel, The period between october to december-21 will be the beginning before B-leg starts towards mid MA at 2235 region. 2. We need a B-leg correction to move higher towards 3000 target. 3. RSI in over bought position has never really taken a dip into the ocean since february-21. Some positive signals though, 3000 is the long term target in Q1-Q2 2025 and all of the MAs and Fibbs are pointing upwards so far towards the target.
OMXSTO:OMXS30Long
by DraganJeremic