In my short trading experience, divergences have rarely failed me. Seeing this bullish divergence on the higher timeframe charts has me thinking we will see a significant upside move soon. ** Please note, I've only been trading since March 2020. The ideas I post are to help me improve upon my skills. I like to reflect on them to see what I did wrong/right and...
If you have been following my past posts, you see that the candles just so happen to exactly mimic the copy/paste of the previous wave. Hopefully it continues to consolidate in this range and we get that nice breakout by Friday-Saturday!
The current situation: 1. Price action has been in a bullish symmetrical triangle with the measured move to be about 48.5 USD and the chance of breaking upwards to be 60%. However, do pay attention to the 4HR 200 moving average that is currently acting as resistance to the breakout, There are several moving averages that is under the current price action acting...
Lunar mission to ground control, we are ready for lift off...
I’ve found that chart patterns frequently repeat themselves, and this occurs in all markets, whether it’s equities, forex, crypto, etc. You can find almost identical movement in every time frame. For OXTUSD's chart in particular, you can see a shape that’s similar to an “m” frequently through its down trend. You can spot this throughout the 5-minute, as well as...
Based on past price movement and current market conditions, it is my opinion that this is the path we will take to *finally* break out of this falling wedge.
OXT is trapped under various possible resistances. Until we get a decent surge in volume, I expect to remain under this area for a while and see very slow movement.
Buy the dip, huge cup and handle formation spotted on day chart. This is not financial advice.
OXT should break out in a few weeks after this ETHEreum run is over. Safe to buy OXT with Ethe from here on down as it has finally reached the average it had when it started trading. dont get me wrong. I am down 37% on the ethe traded for OXT since the recent OXT top so I do not wish to do that again - but - the basic fundamentals say it should drop further from...
OXT jumps on high volume falls on low volume we either do one more bounce to break all time highs or that was it and we are almost retraced before assenting higher. This is not based on fundamentals but bullish atmosphere in the market. Also I am a painter and these are my paintings - not financial advice.
I expect us to crawl up the bottom of the top channel until we see some volume , strong bias here. major support .40, major res .65