Description
⋅ Right now OXTBTC, Orchid, is trading above EMA100 on the daily timeframe.
EMA100 is the blue line on the chart.
This is a strong resistance level that is now being challenged.
If OXTBTC closes above 0.00001247 (EMA100) today, we can expect higher prices as marked by the green arrows.
EMA50/10 (light blue area on the chart) works as support.
This is a strongly bullish chart setup.
The targets are marked on the chart.
Namaste.