theCrypster

OXTUSD - Reached Pinch Point in Descending Triangle & Broken Out

Long
theCrypster Premium Updated   
KRAKEN:OXTUSD   Orchid / U. S. Dollar
Following on from an extended descending triangle (with a few good trades within!) we seem to have now reached a certain pinch point. From here the price has not only broken out the top edge of this aforementioned triangle, but we've received a Buy signal from our Crypto Tipster indicator; all good signs that a rise could be iminent!

Given the general bullish-ness of the whole crypto-sphere currently, another 10% gain on Orchid would not seem to unreasonable and take us up to the next level of resistance at around $0.085.
Comment:
We did say, right? ..Right!?

Smashing 25% and still going with this open long trade, let's see how far this one goes!

p.s. We wouldn't be offended if you wanted to take profit at this stage ✌️
Comment:
Have we started consolidating?
Are we going to see another push upward?
Or return to previous levels at .08500?

Let's give it another week..
Comment:
Have we started consolidating?
Are we going to see another push upward?
Or return to previous levels at .08500?

Let's give it another week..


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