I was looking for a massive upward move by OXT, but at this time its looking worn out. OXT usually does like to dump down completely after a spike.
Bears would actually do well here since everyone is so bullish and excited on this coin.
Most coins have popped off in the last week, save Kyber Network; which was in heavy consolidation. Having taken last night's hit and recovered nicely I expect it to roar.
There is still a chance it may consolidate down to the 400MA, so DYOA.
The upward sweeping 10MA coincided with the 400MA on the 4H chart and BTC shows a nice long wick on the bottom from the bounce.
Plenty of RSI left, and there was some decent correction.
BTC doesn't want to give up but we'll know in about an hour...
Bitcoin is squeeze between the 4H 400MA and the 0.382 fib line. In the next 8 hours we should see whether it will break up or down.
While it has been rejected by the 0.382 fib, its supported by a powerful moving average, the 400MA.
I expect downward movement for the next 8 hours based on the rejection and RSI.
XLM is approaching a historical line (yellow), but man oh man has it moved like a steamroller recently. Powering through overbought conditions like strong bull!
XLM has so much circulating supply its hard to stop once it gets a head of steam.
Lets see how this plays out, my targets are: