CMC # 607
What is Oxen (OXEN)?
Oxen (formerly known as LOKI) is a privacy tech project with a mission. It’s a private cryptocurrency with instant transactions. An enormous and powerful PoS network. A secure messaging platform. A network anonymity layer. Tools to build a more private future for the Internet — all on blockchain.
Our vision is to provide a range of...
Microcap. Development is steady. Launched as PoW in 2018 but has transitioned to PoS. Not wild on that, but might be good to hedge bets. Staking offers an attractive return mostly fueled by being rewarded a chunk of new emission in exchange for locking up supply - fairly standard, right?
Here's where it starts to get interesting.
Oxen is the token behind two...
💎 OXENUSDT HAS FORMED A DESCENDING TRIANGLE. After the breakout, it can go for a pullback and retest the support zone before it continues the bullish move,.
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.58328 - 0.53492
☕️ TP1 0.63088
🍺 TP2 0.70380
🍻 TP3 0.77212
🍾 TP4 0.83813
🍷 TP5 0.90000
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.53032 -...
Trading Signal:
There is a Trading Signal to Buy in OXENUSDT
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.5375
⭕️SL : Close below 0.4875
🔵TP1 @ 0.6395
🔵TP2 @ 0.7465
🔵TP3 @ 0.8825
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ANALYSIS 🔎
- OXEN/USDT brokeout above the inverse head and shoulders neckline resistance, hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.7 - 0.786) and the inverse head and shoulders neckline resistance turned support.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- The...
⏳ Spot
💎 OXENUSDT after many attempts wasn't able to break below the major support zone. After breaking above the resistance with several green candles and Pullback it is expected to go higher.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.64050 - 0.65824
☕️ TP1 0.72557
🍺 TP2 0.79291
🍻 TP3 0.85689
🍾 TP4...
