OXTUSD And The Journey To $1
Updated
Overview
- Hope you guy's have been enjoying MORE green candles. I sure hope you didn't short due to seeing the all the other ALT coins popping off before this one did. Let's start from the top!
Price Chart
- We just about hit $0.80 which is crazy! I do expect us to keep going to the upside whether that be before or after consolidating a bit, maybe forming a bullish flag?
- If we did form another bullish flag before going up I could see $0.67 as the current support, if we do see this I'll mark it on future ideas
- Would like to see this coin get above $2
- Weekend will be interesting
MACD
- I added another trend line (yellow) that shows the tops of the positive momentums. Could we see negative momentum before going back up? Possibly (what'd I like to see so it's not another pump and dump)
- Positive momentum is only half the of the previous all time high so could be a sign we're not done yet?
RSI
- As of this point we are extremely overbought so I wouldn't be surprised if we dropped in price and consolidated for a little bit. This sort of activity would be great for the RSI
- RSI could lower to the 80.0 before going back up as that is a typical spot where the RSI likes to jump in the past
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
- Hope you guy's have been enjoying MORE green candles. I sure hope you didn't short due to seeing the all the other ALT coins popping off before this one did. Let's start from the top!
Price Chart
- We just about hit $0.80 which is crazy! I do expect us to keep going to the upside whether that be before or after consolidating a bit, maybe forming a bullish flag?
- If we did form another bullish flag before going up I could see $0.67 as the current support, if we do see this I'll mark it on future ideas
- Would like to see this coin get above $2
- Weekend will be interesting
MACD
- I added another trend line (yellow) that shows the tops of the positive momentums. Could we see negative momentum before going back up? Possibly (what'd I like to see so it's not another pump and dump)
- Positive momentum is only half the of the previous all time high so could be a sign we're not done yet?
RSI
- As of this point we are extremely overbought so I wouldn't be surprised if we dropped in price and consolidated for a little bit. This sort of activity would be great for the RSI
- RSI could lower to the 80.0 before going back up as that is a typical spot where the RSI likes to jump in the past
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
- Wrote this quickly so not sure where the support of $0.67 came from, it should be $0.59.- We're also doing a great job bouncing off the RSI atm
- Will try to post another full update later today
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