OXTBTC just printed a strong reversal candle if we go by "candlestick reading".
Notice the strong candle yesterday, November 18.
This candle is really high volume to close above EMA10 and we have a higher low compared to the candle that was printed a few days before.
When we put these two together, the chances are high that after consolidation, we get to see a price jump.
Conditions for change
If prices for OXTBTC break and close below the red dashed-line (green space), this chart analysis is invalidated.
Trading above this level = bullish. (Green arrows)
Trading below = bearish. (Red arrows)
Namaste.
Notice the strong candle yesterday, November 18.
This candle is really high volume to close above EMA10 and we have a higher low compared to the candle that was printed a few days before.
When we put these two together, the chances are high that after consolidation, we get to see a price jump.
Conditions for change
If prices for OXTBTC break and close below the red dashed-line (green space), this chart analysis is invalidated.
Trading above this level = bullish. (Green arrows)
Trading below = bearish. (Red arrows)
Namaste.
Note
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🚨 Get the FULL (6-in-1) PREMIUM PACKAGE
lamatrades.com —Since 2017
🚨 TOP Results: ZEC +2736% · ETH +2150%, CRO +1272%, AAVE +1134%, DOGS +868%, SOL +861%, XRP +749%, BTC +580%
More 👉 t.me/masteranandatrades/6681
lamatrades.com —Since 2017
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More 👉 t.me/masteranandatrades/6681
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.