OXTBTC (Orchid) is now strongly bullish and can produce additional growth.
Here we have prices moving above all EMAs, a bullish MACD and a really strong RSI>
These indicators and signals support additional bullish action for this altcoin trading pair.
Note: The prices are always moving... The charts can always change.
Make sure to build your own plan/strategy...
1. OXT/BTC looks good
2. MFI slowly crawling up
3. Phoenix indicator shows upward potential soon
4. Depth of the Cup correlates with Fib retracement
5.Most important: Volume is increasing
Textbook says buy after handle breakout, but i think OXT/BTC is in general looking good for an uptrend, also without the cup.
PLEASE DISCUSS - OPEN TO CRITIQUE
Right now OXTBTC, Orchid, is trading above EMA100 on the daily timeframe.
EMA100 is the blue line on the chart.
This is a strong resistance level that is now being challenged.
If OXTBTC closes above 0.00001247 (EMA100) today, we can expect higher prices as marked by the green arrows.
EMA50/10 (light blue area on the chart) works as support.
This is a...
oxt private sale token almost fully diluted, but the price still keeps climbing, which is quite a bullish sign. its one of the tokens on coinbase that has yet to see melt face pump. i think at least 50-100% gains in soon