Overview
- Overall OXT will be making a decision whether it will breakout of the bullish flag or begin to dump to the next support. Let's start from the top!
Price Chart
- 4hr chart with a price currently nearing the end of a bullish flag.
- Needs to break above the 20MA(green) to really get traction for higher prices. Also means turning green back into a support.
- Breakout possible prices are marked on chart
- Get above the 50MA and OXT starts getting really bullish, especially if $0.75 is broken
- If attempt to break triangle fails, could find OXT making it's way down to the lower green trend line around $0.61-$0.63, or red ascending pattern line ($0.55-$0.58)
- NEED BTC to not dump, crucial
- Still think we could be seeing an ATH in April
RSI
- Fighting to stay inside the channel, stay in here OXT remains bullish long-term
- Possible indication that are strong move could be on the way due to accumulation
Stoch
- Strongest argument for OXT breakout at the moment.
- Last time value was this low. prices rose 40%
Extra Info
- Learn about OXT here: www.orchid.com/oxt
- OXT VOLUME: coinmarketcap.com/currencies/orchid/
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 will be making a decision whether it will breakout of the bullish flag or begin to dump to the next support. Let's start from the top!
Price Chart
- 4hr chart with a price currently nearing the end of a bullish flag.
- Needs to break above the 20MA(green) to really get traction for higher prices. Also means turning green back into a support.
- Breakout possible prices are marked on chart
- Get above the 50MA and OXT starts getting really bullish, especially if $0.75 is broken
- If attempt to break triangle fails, could find OXT making it's way down to the lower green trend line around $0.61-$0.63, or red ascending pattern line ($0.55-$0.58)
- NEED BTC to not dump, crucial
- Still think we could be seeing an ATH in April
RSI
- Fighting to stay inside the channel, stay in here OXT remains bullish long-term
- Possible indication that are strong move could be on the way due to accumulation
Stoch
- Strongest argument for OXT breakout at the moment.
- Last time value was this low. prices rose 40%
Extra Info
- Learn about OXT here: www.orchid.com/oxt
- OXT VOLUME: coinmarketcap.com/currencies/orchid/
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
Comment:
- Apologize for the spread out ideas, currently in the works of starting a business so a lot of time is being invested into that, but I am looking forward to getting back to normal schedule soon! Will start featuring possible break out trade set-ups for Coinbase USD pairs!
-As always BTC must stay strong in order for OXT to get a chance to test ATH.
- Very bullish as long as OXT stays above the 20MA(green)
- If it can clearly break away from the 20MA, looking like it will retest the resistance
- Gut is telling BTC could very well retest 60k and maybe even higher which would be good news for OXT
- Still feel that OXT has yet to ACTUALLY take off, you saw a glimpse of what it can do in a short period of time the other day so you know someone is interested by the looks of that large green candle
- OXT likes to be one of the last ones to move and currently a lot of altcoins are doing well so OXT's turn could be coming soon
- Stoch is also at low value so this strengthens the argument that OXT will go up to test the resistance and dependent on volume bounce or break it
Happy trading
-As always BTC must stay strong in order for OXT to get a chance to test ATH.
- Very bullish as long as OXT stays above the 20MA(green)
- If it can clearly break away from the 20MA, looking like it will retest the resistance
- Gut is telling BTC could very well retest 60k and maybe even higher which would be good news for OXT
- Still feel that OXT has yet to ACTUALLY take off, you saw a glimpse of what it can do in a short period of time the other day so you know someone is interested by the looks of that large green candle
- OXT likes to be one of the last ones to move and currently a lot of altcoins are doing well so OXT's turn could be coming soon
- Stoch is also at low value so this strengthens the argument that OXT will go up to test the resistance and dependent on volume bounce or break it
Happy trading
- April is typically a good month for crypto so seeing OXT above $1 is very possible