$OSMO - COSMOS Ecosystem Analysis SeriesI 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 to decentralized finance (DeFi). Here are some key facts about the Osmosis project:
Advanced Decentralized Exchange (DEX): Osmosis is not just a typical DEX; it is an advanced automated market maker (AMM) protocol that allows for the creation of customizable liquidity pools with unique characteristics. This flexibility is a significant advancement in the DeFi space.
Inter-Blockchain Communication (IBC) Enabled: Osmosis is one of the first projects to utilize Cosmos' IBC protocol, allowing for seamless and secure cross-chain transactions. This interoperability is a cornerstone for building a more integrated and efficient blockchain ecosystem.
Community-Driven and Governed: Osmosis operates with a strong emphasis on community governance. Holders of its native token, OSMO, can vote on proposals and have a direct impact on the project's development and future direction.
Innovative Liquidity Mining: The project introduced a novel approach to liquidity mining, offering users incentives to provide liquidity in various pools. This has not only attracted a significant user base but also enhanced the liquidity and efficiency of the platform.
User-Centric Design and Experience: Osmosis focuses on providing an intuitive and user-friendly experience, making it more accessible for users to engage with DeFi products and services.
High Throughput and Low Fees: Built on top of the Cosmos SDK, Osmosis benefits from high transaction throughput and low fees, addressing two of the most significant challenges in the DeFi and blockchain space.
Self-Upgradable Protocol: Osmosis features a unique self-upgradable mechanism, allowing it to adapt and evolve rapidly in response to community feedback and emerging market trends.
Commitment to Security: The platform emphasizes security and reliability, implementing robust measures to protect user assets and ensure a safe trading environment.
Fueling DeFi Innovation: Osmosis is not only a platform for trading but also acts as a catalyst for DeFi innovation, encouraging developers and entrepreneurs to experiment and launch new financial products and services.
Global and Inclusive Approach: Embracing the decentralized nature of blockchain, Osmosis offers a platform that is accessible globally, breaking down financial barriers and promoting inclusivity in the financial ecosystem.
Osmosis stands out as a beacon of innovation in the Cosmos ecosystem, showcasing the immense potential of decentralized finance when combined with user-centric design, community governance, and cross-chain interoperability.
OSMOUSDT.P trade ideas
Osmosis | A Sleeping GiantThe sleeping giant OSMO is beginning to wake up
It is one of the few currencies in the Defi family that has not achieved distinguished developments for a long time.
From a technical standpoint, we can clearly see our exit from the falling wedge, and we can expect a huge boom from here.
Targets and stop loss on the chart.
Good luck
✴️ Osmosis Grows 600%+ 8 Weeks Green (3680% Total Wave PotentialThis is the beauty of the Cryptocurrency market, it is wild!
➖ Here we have a very interesting pair, OSMOUSDT.
➖ It has been growing straight up, eight weeks green.
➖ We have a massive 600%+ growth in the last two months and there is potential for more.
👉 An additional 460% can happen mid- to short-term.
The total growth from bottom to top would equal 3680%.
Now, there can be retraces and corrections on the way up but this is only the beginning, new All-Time Highs all across the Cryptocurrency market in 2024.
Namaste.
OSMO LONGAs you can see in 1h timeframe the bullish order block has not been mitigated, we can see a rise until the next order block, if the next order block closes above the candle, we can see a bearish bounce and continue looking for the next order block, if it breaks strongly the bearish order block can go directly to the next order block.
Entry: 0.783-0.791
SL: 0.780
TP1:0.804
TP2:0.820
$OSMO/#USDT [#Osmosis]: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $OSMO / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.914 | 0.994 | 1.154, and the major support zones can be found at 0.754 | 0.674 | 0.514. Consider entering a trade at the current price zone of 0.86 and targeting higher levels.
◰◲ General info :
▣ Name: Osmosis
▣ Rank: 87
▣ Exchanges: Binance, Kucoin, Gateio, Mexc
▣ Category/Sector: Infrastructure - Decentralized exchanges
▣ Overview: Osmosis is Layer-1, Proof-of-Stake (PoS) blockchain built using the Cosmos SDK that has optimized its design to be a sandbox for automated market makers (AMMs). The chain enables developers to design and deploy customized AMMs by using its various modules and leveraging Osmosis' on-chain governance system. Osmosis' native token, OSMO, grants holders the right to vote on proposed network changes and earn rewards for helping secure the network. Its first application, also called Osmosis, is an AMM that features ATOM and OSMO as its initial base trading pairs.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.86 ₮
▣ 24HVol: 1,239,720.917 ₮
▣ 24H Chng: 0.0%
▣ 7-Days Chng: 8.33%
▣ 1-Month Chng: -12.07%
▣ 3-Months Chng: 13.85%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.914 | 0.994 | 1.154
◢ Support: 0.754 | 0.674 | 0.514
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.99
▣ Last 90D: 0.10
▣ Last 1-Y: -0.52
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: 0.60
▣ Last 90D: 0.75
▣ Last 1-Y: 0.81
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth OSMOUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
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OSMOUSDT Ahead of a major bullish break-outOsmosis (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 trend-line since the April 03 High.
If I had to make a projection that would be a rise towards the April 03 Lower Highs trend-line, then sideways consolidation or small correction until the 1D MA50 hits the April Lower Highs. If broken then the coin can test the March 01 Lower Highs and the 1D MA100 (green trend-line) at the same time.
At any point though, if the price after the consolidation/ correction breaks below the recent low/ Support, expect a sharp drop towards the 2.5 Fibonacci extension.
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OSMOUSDContinuous selling pressure from rewards.
TVL is dropping with a probable support at 0.5B $USD.
No price support in sight, but maybe 1.5$ will hold, because staking rewards dropped dramatically.
It will inevitably reach that level if LP rewards will continue to increase due to lower TVL and no buy pressure is found.
A Good Place to Accumulate, Osmosis?OSMOSIS
So, right now, OSMO is trading at 9$, everything between 8.40$ and 9$ can be considered as Support, see B1. This zone is also a good spot for DCA OSMO.
If B1 does not hold as support at all, we should entertain the Idea that the Price is coming down to 7$ / 7.80$. See B2 which is also an excellent Zone to DCA OSMO.
Note, the Markets are still very Volatile due to the Juno BS, War, Fed etc. TA does work, but right now, there are numerous Values which are pretty hard to take into consideration. As for me, I do accumulate some OSMO right now, if Price dips further, I will accumulate again (B1 & B2).
If Osmosis is starting to Dip below 7$ i am going to spend 60% of my Daily LP-Rewards buying OSMO and ATOM to provide Liquidity to Pool#1. Remember, this is how I play OSMO right now, this does not mean it's a Game plan worth copying it. Always DYOR and make up your own Mind.
PS.
Tradingview only provides date from 12/22/21. Of course, I did take the Data from info.osmosis.zone into consideration.
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This Analysis is not intended to be investment advice. Always DYOR.