OXT has seen a channel breakout dating back to late 2019. This coin has dropped a lot and may see a break through to the 22 cent resistance area of the descending triangle that caused it to drop so much. You may recognize this pattern from Bitcoin's 2019 run, and it's called a BARR or Bump and Run Reversal. As long as OXT closes 2 dailys above the channel I see it as a breakout, it is also listing on many new exchanges. I normally don't involve myself with lower market cap coins anymore, but this one has unique potential!
That will be all for this Orchid analysis!
As always friends, I wish you good luck trading!
And thank you for supporting me.
-Trader Demo
That will be all for this Orchid analysis!
As always friends, I wish you good luck trading!
And thank you for supporting me.
-Trader Demo
Comment:
There is also a smaller time frame pennant formed.