OM / TetherUS
Long

OM / USDT: constructive actions along support zone

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The uptrend (both macro and mid-term) looks strong and intact.

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The price consolidated along the upper zone of mid-term support: 3.35-2.78, while waiting for 21 ema to come closer (the nature of the upward trend from the lows of 2023 to the April peaks of 2024 respected this moving average very well showing the coin's "character").

snapshot

While I cannot completely rule out a correction to the ascending 21ema in the coming days, until price holds above the local support mentioned above, my next resistance targets are: 6.8-7.36 with a possible run up to 12.70

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Wishing you successful and profitable trading and investing decisions and thank you for your attention!

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