💎 OXT/USDT seems poised for a potential pullback, with indicators pointing towards diminishing strength and a likely descent.
💎 The first engagement with the OB will be pivotal. Should a rejection manifest, it could indicate a liquidity drain, suggesting a shift to tackle the Bullish Order Block and a possible bearish progression.
💎 Conversely, the price might...
The same pattern we just reviewed on the 1INCHBTC chart is present here as well.
OXTBTC prints a lower low but produces no volume.
This lower low is an attempt by the market to look for liquidity before moving up strong.
As OXTBTC moves to recover, BTCUSD moves to retrace.
The next confirmation comes from Stratis (STRAXBTC) whom already went ahead.
What one...
We can see the price of Orchid has tested it's strong downward trend line on multiple occasions historically, and has been rejected on every attempt.
In reality there's only a couple of months left until this final section of the wedge formation OXT seems to be trapped in finally closes up and the price would then have to find a new natural trend.
This can mean...
Another pair that is looking good and we even shared a trade for it yesterday is OXTBTC.
Today it moved above EMA100 for the first time since September 2022, it has been battling with this level for many months.
Moving above it is a major bullish development.
The RSI is super strong, the same long-term higher low and there is plenty of room for growth.
Another...
Following on from an extended descending triangle (with a few good trades within!) we seem to have now reached a certain pinch point. From here the price has not only broken out the top edge of this aforementioned triangle, but we've received a Buy signal from our Crypto Tipster indicator; all good signs that a rise could be iminent!
Given the general...
Descending wedge with a measurement right to the top trend line Tracking the peaks. This is too perfect to be true. Can this happen during such an oversold market with FUD running rampant? Well, it wouldn't be the first time OXT took off out of no where to $1 leaving everyone on Coinbase with level 10 FOMO. While many people are speculating that BTC can see...
OXT is showing its strength -- can it pull through and get back over previous major support (Now resistance) around the .20 cent range. If it did, it would be a proverbial, three pointer at the buzzer sending them into overtime! ;)
OXT at the moment is extremely oversold i believe that we can see a push upwards at any moment. Depth charts show that there isn’t much resistance in order to make it back to the .20 cent level minimum. At the moment, OXT is showing a bullishly biased ascending triangle and if we can break the trend line and close above, we could be in for a decent return to...
OXT is an interesting coin in that the charts have always been a little easier to read than most others. OXT is currently in its low ends of the price spectrum, which means people are scooping up coins prepping for the next run up. OXT tends to shoot up out of no where and as you can see in the chart, it seems to pop up roughly every 8 months. If this cycle...
The October 2021 support has been activated once more.
When this support level was activated last year OXTBTC went a bullish wave.
Another activation and the same scenario can repeat...
Check the chart for the targets.
Namaste.
Traders,
I waited patiently. And now? OXT is finally back into an area in which I become interested again. Over the BLACK ascending trendline is definitely a bullish sign! Now, we do need to see confirmation on the daily. Today's candle should close above that black trendline and then I'd like to see another candle open and close above it tomorrow. But all in...
After measuring the current descending triangle, it's looking like we going to see prices reach .31. Of course, if BTC has some significant positive price action, we could see it reach this level and beyond in this next wave.
Hi friends hope you are well and welcome to the new trade setup of Orchid ( OXT ) with BTC pair.
Previously I shared a long-term trade setup for OXT , which is still in play:
Now on a short-term 4-hr time frame chart, OXT has formed a bullish harmonic Gartley pattern .
$0.24 zone is the nearest support of OXT that we can buy in. However, if it loses this zone, we will wait to buy it back at $0.18
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.24$ zone
🔴Buy : 0.24
🔴Sell : 0.3 - 0.36 - 0.42
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.24$ zone
🔵Sell : 0.24
🔵Buy : 0.18
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short...
Hi friends hope you are well and welcome to the new update on Orchid ( OXT ).
During the previous market crash, OXT formed a big bullish Shark which I shared as below:
Now during the current drop, OXT has formed another bullish Shark , on a weekly time frame.
Hi friends hope you are well and welcome to the new update on Orchid ( OXT ).
Broke out channel:
On a daily time frame, since 10th Nov 2021, the priceline of OXT was moving in a down channel. Finally on 16th Dec it has broken out the channel. Now there are two major resistance levels, 1st is at $0.5750 and the second is at $0.7260. We can also set these levels...
