OXT is approaching the support areas of $0.50 and $0.45, and with strong buying in the past few days, we can expect stronger rallies to the $0.6, $0.75 and $0.9 zones. But if OXT loses the $0.45 zone, we will wait to buy it back at the $0.4 and $0.35 zone
♻️Condition : If 1-Day closes ABOVE 0.45$ zone
🔴Buy : 0.5 - 0.45
🔴Sell : 0.6 - 0.75 - 0.9
The previous video explained the bullish behavior of OXT.
Inside bullish triangle
Consolidation phase nearing an end
Testing huge resistance many times
Etc. (see link to Related Ideas below)
In this video, I analyse the greatest probability of where OXT goes next:
Currently hitting our heads on resistance at 48 cents
How strong is the 48 cent...
Update to yesterday's video.
New trendline spotted. Also, new buy area spotted. Less probability of a drop to 25 cents. Greater probability that we move up. Could be another week or two of sideways movement.
Sentiment is growing more bullish.
Current sentiment = Neutral
Current Holdings = All Cash
Two Scenarios for Re-Entry:
1. Bullish move to the up-side; recapturing black resistance line
2. Bearish move to the down-side; landing on or near black support line
Orchid 🌺 broke the downtrendline and got above the support zone 0.41-0.38. I think we could see another dip into support zone and then sort of consolidation around it's upper edge 0.41 followed by bounce off the uptrendline. Resistances (in white) can be used as Targets. What's your take?
Like👍, follow✒️, enjoy📺!
Simple charting here friends. After we hit our last target of .48 cents , we now must begin looking for a re-entry. Personally, I have chosen to re-enter most of my trading funds on OXT at .44 cents. That being said, there are two levels below me that are still a target-down possibility. The first one exists at .4272 and is, of course, more likely to be touched....
Really quite simple. OXTUSD currently trending up. About to break above major accumulation area (currently resistance) that is ranging on the 4hr chart between .3637 (purple line) and .3773 (black line). Past resistance will become future support. But once we break this resistance area , I believe we'll go to the 200 day moving average pretty quickly (like within...
OXT has conquered the $0.26 zone and in the next few days it can continue to advance towards the $0.34 and $0.46 zones. However, we need to pay attention to the $0.34 zone, where there is always strong selling. And if OXT loses the $0.26 area, it will fall sharply to the $0.2 area
🔴Buy : 0.254-0.266$. SL if B
🔴Buy : 0.332-0.348$ if A. SL if B
I don't know if many actually noticed this, but I did... and I think we are sitting on an explosive diamond that is yet to be polished. Orchid, the OXTUSD, has very interesting technicals that tell an interesting story, at least to me.
You see, the VDC5 (Volume DChann 5) indicator that I created, tracks the velocity of change of the volume 5 moving average. This...
I know, I know. I haven't always gotten it right. But, by and large, my understanding of technical analysis has helped me to net gobs of profit. Here's an example of my most recent trading activity on OXTUSD (which I still believe will hit $1.25+ before this year is over).
Notice how my first trade noted on the chart was a stop out. Always, always, always put...
*Beginning trader and technical analyst. I received my trading education from TRi, school of trader development. **This is not trade or financial advice, but posted for entertainment.
I hope this chart isn't too messy. Had a lot to say.
I like this crypto. Yes, VPN, isn't sexy like NFT's, Defi, or the almighty BTC, but it is a fundamentally important growth...
OXT is the digital asset token used to pay for VPN services on the Orchid network. It is built on Ethereum in accordance with the ERC20 standard for tokens. OXT can be bought and sold for fiat currency or other digital currencies.
OXT is another Token I currently hold on my Gemini account. It wasn't long ago that I invested into this token also. With...