(Inverted Chart) Reasons to be bullish on OXT for the next few weeks and months.
- Golden cross has recently formed indicating the beginning of a multi-month bull cycle. The 50 and 200 MA setup is a very reliable trend validator.
- Price has tested the .75 - .80 all-time high on three separate occasions, potentially weakening this level of resistance.
- The cupping price action looks to be pointing towards a breakout over the next few weeks.
- After the previous high is broken OXT will go into price discovery mode. Meaning the price could increase by multiples of the current all-time high.
- OXT is on a short list of altcoins that are tradeable on Coinbase. This provides easy access for plenty of liquidity to flow into OXT. Marketcap is currently sitting under 250 Million.
- Lastly, from a fundamentals perspective the Orchid team is hosting a 3-Day conference discussing the importance of digital privacy. With several big names in media, technology and finance taking part in the discussion.
Target 1: $1
Target 2: $2
Target 3: Will make an update post when other targets are met.
- Golden cross has recently formed indicating the beginning of a multi-month bull cycle. The 50 and 200 MA setup is a very reliable trend validator.
- Price has tested the .75 - .80 all-time high on three separate occasions, potentially weakening this level of resistance.
- The cupping price action looks to be pointing towards a breakout over the next few weeks.
- After the previous high is broken OXT will go into price discovery mode. Meaning the price could increase by multiples of the current all-time high.
- OXT is on a short list of altcoins that are tradeable on Coinbase. This provides easy access for plenty of liquidity to flow into OXT. Marketcap is currently sitting under 250 Million.
- Lastly, from a fundamentals perspective the Orchid team is hosting a 3-Day conference discussing the importance of digital privacy. With several big names in media, technology and finance taking part in the discussion.
Target 1: $1
Target 2: $2
Target 3: Will make an update post when other targets are met.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.