OXTUSDT has successfully broken out of its descending channel and is now trading near the 61.8% Fibonacci support level. This is a crucial area for the bulls, as it provides a potential launchpad for a rapid rally to the upside. However, for this rally to materialize, the recent LL must hold. If it does, we could see OXTUSDT making significant gains in the coming days.
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 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...
OXT saw a nice rise yesterday as the crypto market becomes increasingly more attractive to buyers. Typically the market favors BTC/ETH first then money cycles into mid and small caps.
Entry: 0.2665
Stop: 0.25
Target: 0.38
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...
OXT shows a golden cross together with pattern breakout and this bullrun
I expect to reach that high again
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''Stay safe out there everybody''
With BTC showing real promise for another run to all time highs, you can expect alts to follow king BTC. OXT is no exception and while messy of a chart (Hey as long as i understand it right?) we can see OXT reaching the .50s once again. I also can see the possibility of it breaking the resistance trend it has been respecting for many months. Crypto rewards...
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 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.
I'm currently speculating on the OXT bottom and if history is an indication, it usually bottoms out somewhere around 19 cents. Could we see lower? As you all may know, anything is possible, but i believe that if you stick to the 19 cent range, you can't go wrong. I think we can totally see this price again especially because BTC has a lot to go before it...
In this video:
* I review the overall market picture
* I review a few of the altcoins that I have cherry picked out of the many which appear to be vastly oversold, vastly undervalued, and/or have beautiful setups for entry
Best of luck traders!
Stay safe out there.
And Merry Christmas!
OXTUSDT is currently trading at great support and has been in this rising wedge for the last couple of months. It looks to be a solid entry point with nice return potential if support holds.
In this video:
* I review the indexes and corresponding price action
* For the first time in weeks, I have gone from neutral to slightly bearish to bullish in the crypto space
* For cryptos, our time living down in this bearish space is drawing quickly to an end
* I have spotted major bullish divergence on many of our charts
* We will pop soon, possibly this...
