Overview - Overall bullish symmetrical triangle forming and upcoming summit meetings(March 23-25) could have a bullish outcome on OXT price. Let's start from the top!
Price Chart - 4hr time-frame with 20/50/200 MA's included to help indicate future supports - Cloned the previous "W" formation and copied to current trend, looks similar - Point on the symmetrical triangle ends where the summit meetings occur so this could have a bullish effect on OXT price - Range when the meetings occur is highlighted on the chart
RSI - Obvious declining structure with the potential to breakout - Would like to see RSI value return to the ascending channel
Stoch - Last time the value was at these levels price rose 50%
If you enjoyed this analysis or learned something new, please LIKE this idea 👍 FOLLOW for important updates for this coin and helpful trading strategies 🏆
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.
Summit should give OXT a great push as Edward educates the importance of VPNs if you like your privacy. From a TA standpoint this should provide the volume needed to rip this higher.
MoneyGrind
⋅
@TheKitchenTrader, Been eyeing the volume past couple days, steadily increasing. Hopefully the meeting does boost volume to really get this coin going
murphy24
⋅
Well MoneyGrind, you were right! Looking great. Do you think we have an inverse head and shoulders on 4 hour chart now? (Feb 11th - March 19th)
MoneyGrind
⋅
@murphy24 Structure is still there, short term could easily see some closes around $.0.71 .Next daily candle could be red and if not enjoy higher prices. Daily showing we still have higher prices coming long-term(conservatively $1.23). Combined with meetings coming up, chances are higher we see higher prices and break some resistances
MoneyGrind
⋅
Hope you guys are having a good St. Patrick's Day. What do you guys think will happen on during the summit meetings?