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 $1 leaving everyone on Coinbase with level 10 FOMO. While many people are speculating that BTC can see...
OXT is showing its strength -- can it pull through and get back over previous major support (Now resistance) around the .20 cent range. If it did, it would be a proverbial, three pointer at the buzzer sending them into overtime! ;)
OXT at the moment is extremely oversold i believe that we can see a push upwards at any moment. Depth charts show that there isn’t much resistance in order to make it back to the .20 cent level minimum. At the moment, OXT is showing a bullishly biased ascending triangle and if we can break the trend line and close above, we could be in for a decent return to...
OXT is an interesting coin in that the charts have always been a little easier to read than most others. OXT is currently in its low ends of the price spectrum, which means people are scooping up coins prepping for the next run up. OXT tends to shoot up out of no where and as you can see in the chart, it seems to pop up roughly every 8 months. If this cycle...
Traders,
I waited patiently. And now? OXT is finally back into an area in which I become interested again. Over the BLACK ascending trendline is definitely a bullish sign! Now, we do need to see confirmation on the daily. Today's candle should close above that black trendline and then I'd like to see another candle open and close above it tomorrow. But all in...
After measuring the current descending triangle, it's looking like we going to see prices reach .31. Of course, if BTC has some significant positive price action, we could see it reach this level and beyond in this next wave.
OXT has been consolidating since touching resistance area around 80ct.
Now that prices have came back close to the Daily MM100, i would see current price action as buy opportunity between current price and 43.5ct.
Once the MACD Daily will turn green this should confirm the plan to go for 80ct first, then above i would be looking at 1.35$ / 1.70$ and...
OXT to .618 fib and possible wick to the .786
This will be a momentum trend play so stay aware.
I'm glad OXT broke back into its macro-rising formation!
OXT hasn't touched the top of the trend line in over 200 days as shown in the chart. RSI seems to be ready for a nice move if the upside comes. Let's see!
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't...
OXT - Orchid - showing bullish signs of a rising megaphone. potentially reversing to the upside after weeks of a deep correction. target: psychological number of .50cents , and finding support at around .39cents
Sometimes I like to invert my charts just for a different perspective. If this was top I would be thinking bear , I certainly would be looking for locations too short (but remember the chart is inverted 🐂). Perhaps the $1.00 wick, exactly $1 wick, come on! This seems like a really important level for me. I think OXT over time will grow even more bullish, but if...
Hello everyone!
Orchid looks strong and very bullish and hopefully this pace will be held for longer time.
For now I believe it's very risky to long OXTUSD, I'd suggest you to wait for closing above 0.75 and go long.
OXTUSD might also correct a bit and bounce, though I still believe the best would be to enter above 0.75.
Hello Traders,
It looks like we may have a rising wedge pattern forming on the daily chart. These can typically signify a bearish pullback. Though I am weary of this happening just based on the overall bullish sentiment of the market.
To be safe I will be cutting some profit at the top of that trendline and then I will wait for confirmation if it can break and...
After some consolidation and a retest of support, $OXT looks ready to break out and head to the moon.
Targeting $1.35-$1.42 over the next couple of weeks. Invalidation on a close under the lower support line.
Trade active from $.617
Orchid (OXT) is a decentralised VPN provider.
Since VPN is more and more a topic due to data leaks I guess OXT will continue to grow.
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial...
After some brief consolidation, and with the current state of the market, it looks like OXT is ready to make another move up. One of the main things that could stop this move is BTC dropping, but if BTC holds or gains - OXT will very likely retest the high it set a few days ago.
