Overview
- If you're short on time, OXTUSD is still very bullish in my eyes because it continues to break resistances and make new supports. Now let's start from the top!
Price Chart
- We finally broke through the $0.48 resistance and even went upwards toward $0.52 before testing the new support $0.48 .
- Horizontal line on the chart is the previous resistance and as you can see the current 4hr candle tested the support and bounced off indicating the buyers are still here
MACD
- Added another trend line(yellow) that indicates where the MACD and Signal like are bouncing off of, hope to see that trend continue
Stoch Indicator
- Stoch indicator is currently saying it's a risky buy in area by being above 80.0 but hopefully you got in when it was in the 20.0 values as you're now up 30%!
RSI
- You'll see that we broke the trend line (Green) and almost immediately went back above it. This is bullish to me and lets hope it continues to bounce off these lines
- Could possibly a test of the RSI line another time before we go up further
If you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin.
As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for this coin.
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
- If you're short on time, OXTUSD is still very bullish in my eyes because it continues to break resistances and make new supports. Now let's start from the top!
Price Chart
- We finally broke through the $0.48 resistance and even went upwards toward $0.52 before testing the new support $0.48 .
- Horizontal line on the chart is the previous resistance and as you can see the current 4hr candle tested the support and bounced off indicating the buyers are still here
MACD
- Added another trend line(yellow) that indicates where the MACD and Signal like are bouncing off of, hope to see that trend continue
Stoch Indicator
- Stoch indicator is currently saying it's a risky buy in area by being above 80.0 but hopefully you got in when it was in the 20.0 values as you're now up 30%!
RSI
- You'll see that we broke the trend line (Green) and almost immediately went back above it. This is bullish to me and lets hope it continues to bounce off these lines
- Could possibly a test of the RSI line another time before we go up further
If you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin.
As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for this coin.
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading