Hope yah all had an awesome Super Bowl Sunday! BTC is now setting ATH's so hopefully altcoins follow!
Overview
- In this Idea I show some new data that is coming in with the bullish OXTUSD price chart starting from the top
Price Chart
- If we look at the previous rise pattern, you'll see that after the price fell about half of the rise, it steadily began to rise before it suddenly popped up again. Could it be possible we see the same thing again? Lets hope
MACD
- On my first idea I was not a fan of the MACD, but as I look at it more it's starting to look better an better for two reasons
- 1) Looking at the MACD (Blue) and Signal (Orange) Lines, you will see that as soon as it hit the green trend line created by the positive momentum, the lines started to shift upwards so we can hope that this pattern continues
- 2) Selling pressure is starting to weaken which could lead to the momentum to turn green resulting in a higher price
Stoch Indicator
- As noted in the last idea, the stoch indicator was falling to the 20.0 range which I interpreted as being a great place to enter a long position or add to your bags. If yah did you're already around 8% up!
- Now we wait for it to return to the low range
RSI
- Pretty much nothing has changed here. We continue to bounce off the green line (Created by the trend of the previous RSI low and when dip occurred)
- However! I did notice that the RSI level that is represented by the red line, was the SAME level that the previous ATH bounced off. Could it do it again?
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
Overview
- In this Idea I show some new data that is coming in with the bullish OXTUSD price chart starting from the top
Price Chart
- If we look at the previous rise pattern, you'll see that after the price fell about half of the rise, it steadily began to rise before it suddenly popped up again. Could it be possible we see the same thing again? Lets hope
MACD
- On my first idea I was not a fan of the MACD, but as I look at it more it's starting to look better an better for two reasons
- 1) Looking at the MACD (Blue) and Signal (Orange) Lines, you will see that as soon as it hit the green trend line created by the positive momentum, the lines started to shift upwards so we can hope that this pattern continues
- 2) Selling pressure is starting to weaken which could lead to the momentum to turn green resulting in a higher price
Stoch Indicator
- As noted in the last idea, the stoch indicator was falling to the 20.0 range which I interpreted as being a great place to enter a long position or add to your bags. If yah did you're already around 8% up!
- Now we wait for it to return to the low range
RSI
- Pretty much nothing has changed here. We continue to bounce off the green line (Created by the trend of the previous RSI low and when dip occurred)
- However! I did notice that the RSI level that is represented by the red line, was the SAME level that the previous ATH bounced off. Could it do it again?
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