In this video:
* With the crypto markets now looking to have gone bearish, I discuss what my trade strategy is moving forward
* I also discuss how we can still utilize level trading strategy in a downtrend
Looks like OTX could be playing out this pattern. If BTC can hold in here and stay at least range bound, this has a chance to work out.
Based on the W, price target of $1.60 - 1.75 looks feasible.
We may also see a Cup and Handle pattern play out in the course of this.
I love trading OTX and it has been holding up very well over the past weeks.
OXT has been consolidating since touching resistance area around 80ct.
Now that prices have came back close to the Daily MM100, i would see current price action as buy opportunity between current price and 43.5ct.
Once the MACD Daily will turn green this should confirm the plan to go for 80ct first, then above i would be looking at 1.35$ / 1.70$ and...
In this video:
* Many of the smaller cap altcoins are entering bearish territory
* I believe we are close to finding support for this current crypto correction
* However, many disciplined traders will find themselves having to exit trades
* It's time to exit some coins, take losses, and find a better re-entry condition and setup
* Overall, markets remain in...
As you can see on the 4hr chart, the price has reached the bottom line of the channel. The price has retraced 0.618 from the previous rally. Lets see if history will repeat itself. If you want to enter for a position, be extremely cautious, this is a meme coin, the fluctuation can be crazy, super volatile. Volatility is bi-directional. If it goes down, it can...
I have been following this pattern since September, and I'm sharing it with you since I believe it's an important one to be aware of... I share this for those that have loyally followed my work! Cheers! If you look carefully, this pattern
can be found on many Altcoins...I'm fortunate here with OXT since I bought it at a much lower price, and I can afford to let...
OXTUSD has painted a wedge/triangle as a wave 4. Wave 3 went to nearly $0.75, and now wave 4 is nearly done. Wave 5 is about to come and should get back to $0.75 and go beyond it! With Pantera capital as one of the investors in OXT, we should easily see prices above $1
Not financial advice.
OXT is doing very well but RSI on the 1H, 4H are very high. Possible cool down before a potential next leg up (similar to the last pattern).
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 trade based on...