Another Interesting Time For OXTUSD
Updated
Overview
- Overall, long term I am still very bullish in this coin and haven't even started selling the bag yet. Let's start from the top!
Price Chart
- Readjusted the flag because I wasn't a fan of it and so far price is going well with it
- Added the blue line of my predicted move for the OXTUSD, if BTC pumps or dumps this could easily change this path
- Remember, chance of a dump increases as we continue rising and making new supports/resistances
MACD
- Wanting to see the momentum return back to the green horizontal line as in the past the breakouts occurred when this happened
Stoch
- Could the stoch indicator be indicating another time to buy in before prices rise?
- Could have a short term rise in price
- Last time the stoch value was at a value of 20.0, prices rose by 95%
RSI
- Broke through the green trend line which is not a bad thing as going below the red line is the one we're worried about
- Could we be making another ascending RSI trend? This same pattern occurred before going up 132%
- Added a secondary bounce line in the case the red line is broken as it could be either one if a breakout is to occur
If you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin.
As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for this coin.
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
- Overall, long term I am still very bullish in this coin and haven't even started selling the bag yet. Let's start from the top!
Price Chart
- Readjusted the flag because I wasn't a fan of it and so far price is going well with it
- Added the blue line of my predicted move for the OXTUSD, if BTC pumps or dumps this could easily change this path
- Remember, chance of a dump increases as we continue rising and making new supports/resistances
MACD
- Wanting to see the momentum return back to the green horizontal line as in the past the breakouts occurred when this happened
Stoch
- Could the stoch indicator be indicating another time to buy in before prices rise?
- Could have a short term rise in price
- Last time the stoch value was at a value of 20.0, prices rose by 95%
RSI
- Broke through the green trend line which is not a bad thing as going below the red line is the one we're worried about
- Could we be making another ascending RSI trend? This same pattern occurred before going up 132%
- Added a secondary bounce line in the case the red line is broken as it could be either one if a breakout is to occur
If you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin.
As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for this coin.
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
Note
Because of BTC's sudden sell-off, we're starting to see a sell-off of OXT. This could just be a bear trap or the end of the pattern. Since I'm accumulating till $1, I'm looking at this like OXT going on sale before we see higher prices. Good Luck!
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