This Week is HUGE for OXT
Updated
Overview
- Overall remain very bullish on OXT as the meetings could have a positive effect on OXT's price. Let's start from the top!
Price Chart
- 4hr time-frame with 20/50/200 MA's to help indicate future supports
- Forming another symmetrical triangle with the highlighted region being the range at which the OXT meetings are occurring (March 23-25)
- Possible next conservative ATH's are marked(green horizontal lines)
- If meetings are successful could see a breakout starting in the highlighted region going up to test $1
- If BTC decides to dump HARD this could hurt OXT's chances at making ATH short-term
RSI
- Could see the RSI touch the green trend line before continuing the ascending pattern
- If goes through green line, could easily bounce at red
Stoch
- OXT is starting to show signs of a potential entry before another rally occurs, currently half-way there
- May even bounce off the dotted green line if follows the small ascending trend being created
Extra Info
- Learn about OXT here: orchid.com/oxt
- OXT VOLUME: coinmarketcap.com/currencies/orchid/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful trading strategies 🏆
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
MoneyGrind
- Overall remain very bullish on OXT as the meetings could have a positive effect on OXT's price. Let's start from the top!
Price Chart
- 4hr time-frame with 20/50/200 MA's to help indicate future supports
- Forming another symmetrical triangle with the highlighted region being the range at which the OXT meetings are occurring (March 23-25)
- Possible next conservative ATH's are marked(green horizontal lines)
- If meetings are successful could see a breakout starting in the highlighted region going up to test $1
- If BTC decides to dump HARD this could hurt OXT's chances at making ATH short-term
RSI
- Could see the RSI touch the green trend line before continuing the ascending pattern
- If goes through green line, could easily bounce at red
Stoch
- OXT is starting to show signs of a potential entry before another rally occurs, currently half-way there
- May even bounce off the dotted green line if follows the small ascending trend being created
Extra Info
- Learn about OXT here: orchid.com/oxt
- OXT VOLUME: coinmarketcap.com/currencies/orchid/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful trading strategies 🏆
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
MoneyGrind
Note
Re-made symmetrical triangle to be more accurate
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