COINBASE:OXTUSD
Another big selloff occurred from $.36, so how many Bull creatures were able to escape? We see an engulfing bullish candle occurred at .786 retracement, so someone still has interest as it bounced 3 times in the region. If most of the selling has already occurred, I'm looking to see OXT bounce up in between fibs and resistance for a scalp...
Currently trying to bounce at the 0.786 and has formed bullish garltey which would give us the target of about a 60% move from current price. However, it is currently in a symmetrical triangle which could break down which would lead to further retrace. So watch the way this symmetrical triangle breaks.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
OXT awakens! Literally knew nothing of this asset before yesterday. I understand such an unplanned move is not great investment habits but sometime you gotta take that risk (if thats what your into). Obviously I already have a full portfolio with targets and trading plans but this was outside that realm. Life offers risk at every step so why shy away 100% of...
Another quick post to map nearby zones of interest.
The bounce ran to its 5.236 extension and stopped hard.
Now we need to watch the support zones for further clues.
If bull, it will be a shallow retrace and bounce next day.
5.236 is common endpoint for strong waves in all assets.
3.236 is the most common retrace point for such a wave.
4.236 will be resistance...
Quick post to map some upcoming resistance zones.
The bounce thus far looks to have good "Fib Rhythm".
Rhythm is the first requirement for a sustainable move.
30 cents is obvious and immediate resistance.
31 cents should be achievable unless dead cat.
34 cents would be ideal target for this wave.
27 cents would be strong bull hold.
25.5 is the key support that...
As you know Orchid continues to drop from Coinbase intro pump.
It has fallen through support after support and is running out of them.
We are at pretty much at the LAST possible bottom/accumulation zone.
Lets see if this lingers in the green zone as a sign of accumulation.
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See some of my other plots and trade calls below.
I also plot Forex and Stocks, take...
On the hunt for juicy potential alt coins. Orchard is a low cap coin listed on Coinbase, It has not preformed the best. However, it will be a hot topic for discussion in coming bull season. With little price data there is not a market cap value on coin market cap yet and this places this coins ranking at over 2000 at the moment. Forget everything about its...
Rest of crypto bleeding out and OXT, which has remained stuck on $0.30 for some time, is slightly up in fierce trading. While volume is low, it happens fast and is sharp when it happens.
This is going to be a rocket at some point, even if it drops lower there is massive buying setup.
It seems to be forming harmonics inside this descending triangle but I would not really expect this leg up to play out as most descending triangles break to the downside. However if someone is in a position already or this thing breaks to the upside, the red would be my target.
I AM NOT A FINANCIAL ADVISER, DO YOU OWN RESEARCH!
What's up Financial Amigos! Happy Trading Day.
Regardless of this coin's long term use/price/staying power/whatever, looking like quick scalp is in play shortly, hopefully anyway. Price appears to have bottomed and retested .30 cent line (and other trends) several several several very boring times. If this isn't ripe for a bounce then I would be very surprised...
The 55 is about to cross the 200 MA on the hourly. Expecting .36 by the end of the day to close above yesterdays daily. Higher lows higher highs on daily since forever....I believe based on Moving averages that OXT about to pump.. Possibly.. I think OXT has good use case. What do you think about OXT use case? COINBASE:OXTUSD
These are my own ideas and not used for financial advice
As you saw on my previous ideas a falling wedge was forming and there were instances where it would breakout but then fall back in creating a bigger wedge. A few hours ago we had a nice 10% pump which then broke out of the falling wedge. After it hit 0.35 it bounced back into the wedge, this technically is...
