We are witnessing a light volume bull run bounce.
Would like to see this tap the .40 and rally beyond again.
Purely speculation, but could see the whole crypto market take a shaky bull run after the American holidays.
These are my own ideas not used for financial advice.
In my previous idea I considered it to be a falling wedge which then eventually broke out and created a bigger falling wedge. As you can see the 4H chart it bounced off perfectly off of the support line in the falling wedge. If it plays out we may see an upwards trend coming in the next few hours or days....
Not financial advice. I cropped the price and RSI over one another. Both are falling into a descending wedge (bullish reversal in my opinion). Although this is only showing in the hourly, it may not prove to be particularly strong but an idea in the works. As well, we can see the Bollinger bands getting tighter, possibly leading to more sideways action or a pop up...
These are my own ideas and not used for financial advice.
Let me know what you guys think? I’m still new at TA so give me a few pointers if you see something I don’t :)
OXT was introduced on CoinBase which caused a hyperbolic rise.
As usual, it is deflating most of the way back down the Fib Stairs.
Now approaching one of the last two strong supports left for bulls.
0.3375-3347 is immediate support zone, and an "average" retrace from parabolic rise.
0.3104-3207 is a wide zone due to several Fibs Clustered within, any one could...
This token has only be on Coinbase for a short amount of time, but it has sparked my interest. Currently I believe that we may end up finding support somewhere in the .33-.35 range, with an upside potential from there. I could obviously be wrong, but always fun to see what happens!
Please do not treat this as financial advice!
I am an amateur trader, having fun...
In terms of expectations, I expect the value of Orchid to be around .20 to .33 at least for the next following weeks. The Orchid app is very young, with only 4k downloads on the Google Playstore. The app is very young, seeing that it is only a million dollar company at this point, I only see the possibility of market pumps carving out a nice cup and handle...
If it goes back to .55 it will be a really nice shake of hands here. If it goes down, probably want to cut losses here now, since it might go to the low ~.33. It is currently performing better than 12/18 22:00 PST on the 6 hour chart. Good luck all!
I see some slow recovery. If we see any dragon fly doji's while it's trading sideways on the 15 min chart...
just my opinion and not trading advice... but i see this thing making a move today around 2pm cst... cant determine up or down but if the volume hits around that time i see a nice jump up to possible .60-.65 usd
look at areas to take profit on the white lines. price dropping under moving averages. could be a good move short term
use this link for free oxt on coinbase learn and earn section
coinbase.com
have a great day
XOZ shot up with two "Parabolic" waves and is now retracing
Looking for supports at confluences of Fibs from two series.
If this was NOT a pump-n-dump, then it needs to bounce soon.
50/51 cents is the obvious first support, round number plus fibs there.
45/46 and 42.43 are next supports but neither will be as strong at 50
38/39 should be very strong support, and...
