Overview
- Been trying to find more data for you guys and came up with this on OXT's daily. Looks like it's ready for another run so let's start from the top!
Price Chart:
- Here on this daily chart you'll see three ranges that I have highlighted, all which first started on the bottom of the RSI channel line
- First section took 19 days to reach the highest RSI before returning back to the base line. Breakout of 87.19%
- Second section took 43 days to reach the highest RSI before returning to the base line. Breakout of 251.54%
- Now the section we could potentially create in the future. By using the formula presented on the chart (Read that before continuing), I was able to make a prediction of where the next move could be. This predicted move would take 97 Days to complete and end with a 725.68% breakout towards reaching a new ATH
- This is no guarantee as we only compared the pattern between the first and second sections and would be more accurate with a known third section
- Also very possible that OXT could never break $2 this cycle so don't use this prediction as your end new exit plan. Was only based off the first and second section
RSI:
- You probably could tell this part yourself by now but what is indicated in the RSI indicator is a channel made from the lows and highs of previous RSI's
- At the start of the third wave we are no where near overbought so there is plenty of room to expand
- Also possible that we bounce of the bottom for a while before returning back to retest $0.74. If this is broken expect great things
Additional
- If resistance is too strong we could possibly see a breakdown which could support a coming ALT SEASON. Even though some altcoins have already had awesome price action
If you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and 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
- Been trying to find more data for you guys and came up with this on OXT's daily. Looks like it's ready for another run so let's start from the top!
Price Chart:
- Here on this daily chart you'll see three ranges that I have highlighted, all which first started on the bottom of the RSI channel line
- First section took 19 days to reach the highest RSI before returning back to the base line. Breakout of 87.19%
- Second section took 43 days to reach the highest RSI before returning to the base line. Breakout of 251.54%
- Now the section we could potentially create in the future. By using the formula presented on the chart (Read that before continuing), I was able to make a prediction of where the next move could be. This predicted move would take 97 Days to complete and end with a 725.68% breakout towards reaching a new ATH
- This is no guarantee as we only compared the pattern between the first and second sections and would be more accurate with a known third section
- Also very possible that OXT could never break $2 this cycle so don't use this prediction as your end new exit plan. Was only based off the first and second section
RSI:
- You probably could tell this part yourself by now but what is indicated in the RSI indicator is a channel made from the lows and highs of previous RSI's
- At the start of the third wave we are no where near overbought so there is plenty of room to expand
- Also possible that we bounce of the bottom for a while before returning back to retest $0.74. If this is broken expect great things
Additional
If you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and 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
