Overview
- Overall OXT is expressing its bullish behavior and long-term could eventually hit an ATH. Let's start from the top!
Price Chart
- Daily chart with 20/50/200 MA's to help indicate future supports
- $0.78 is a critical resistance test and if broken could easily send OXT to $0.85. Break $0.85, $1 will be tested
- Symmetrical triangles are known to be bullish and that was the case here. We finally got the obvious breakout we were waiting for
- Could be forming an inverse head and shoulders that would send OXT to the moon, for this to occur we might see a short-term price drop (Or this shoulder already occurred in the highlighted 11 bars)
- IF ATH occurs, possible conservative new ATH's are marked
- Daily close above $0.75 and OXT is VERY BULLISH
- Volume is now over $100,000,000 :D
RSI
- Great structure in the RSI with plenty of more room to go, could hit yellow line when ATH is hit
- Starting to become overbought
- Has been bouncing off the red line nicely
- Notice before the last ATH occurred, the ascending trend line was touched three times before mooning, we are in the middle of bounce 3
MACD
- Signal line(blue) over MACD(orange) = rally time
- Momentum pattern 2 seems to be the same as momentum pattern 1. Makes me think we will see consolidation occur above $1 in the future
Extra INFO
Learn about OXT here: www.orchid.com/oxt
OXT VOLUME: coinmarketcap.com/currencies/orchid/
OXTBTC Chart
- Text box explain most, overall break this symmetrical and some real magic could happen
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.
-Happy Trading
MoneyGrind
- Overall OXT is expressing its bullish behavior and long-term could eventually hit an ATH. Let's start from the top!
Price Chart
- Daily chart with 20/50/200 MA's to help indicate future supports
- $0.78 is a critical resistance test and if broken could easily send OXT to $0.85. Break $0.85, $1 will be tested
- Symmetrical triangles are known to be bullish and that was the case here. We finally got the obvious breakout we were waiting for
- Could be forming an inverse head and shoulders that would send OXT to the moon, for this to occur we might see a short-term price drop (Or this shoulder already occurred in the highlighted 11 bars)
- IF ATH occurs, possible conservative new ATH's are marked
- Daily close above $0.75 and OXT is VERY BULLISH
- Volume is now over $100,000,000 :D
RSI
- Great structure in the RSI with plenty of more room to go, could hit yellow line when ATH is hit
- Starting to become overbought
- Has been bouncing off the red line nicely
- Notice before the last ATH occurred, the ascending trend line was touched three times before mooning, we are in the middle of bounce 3
MACD
- Signal line(blue) over MACD(orange) = rally time
- Momentum pattern 2 seems to be the same as momentum pattern 1. Makes me think we will see consolidation occur above $1 in the future
Extra INFO
Learn about OXT here: www.orchid.com/oxt
OXT VOLUME: coinmarketcap.com/currencies/orchid/
OXTBTC Chart
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.
-Happy Trading
MoneyGrind
