Orchid
OXT consolidation before breakoutOXT has been consolidation during the second part of October and found support on technical area, Daily MM100 and Weekly MM20.
Im expecting a bounce from here which would take another few days to develop with a slow increase before a potential pop targeting 80ct.
The signal for a return of the bull would be given by MACD Daily turning green or a break above the 50ct.
As long as we are above 34ct my plan is not changing and i still see it as buying opportunity on mid term time frame
#OXT Orchid 1D ChartOXT hasn't touched the top of the trend line in over 200 days as shown in the chart. RSI seems to be ready for a nice move if the upside comes. Let's see!
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
🆓Orchid (OXT) Oct-19 #OXT $OXTOXT is approaching the support areas of $0.50 and $0.45, and with strong buying in the past few days, we can expect stronger rallies to the $0.6, $0.75 and $0.9 zones. But if OXT loses the $0.45 zone, we will wait to buy it back at the $0.4 and $0.35 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.45$ zone
🔴Buy : 0.5 - 0.45
🔴Sell : 0.6 - 0.75 - 0.9
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.45$ zone
🔵Sell : 0.45
🔵Buy : 0.4 - 0.35
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
OXTUSD Orchid Hit 48 CENTS Resistance Exactly. Now Where To NextThe previous video explained the bullish behavior of OXT.
Inside bullish triangle
Consolidation phase nearing an end
Testing huge resistance many times
Etc. (see link to Related Ideas below)
In this video, I analyse the greatest probability of where OXT goes next:
Currently hitting our heads on resistance at 48 cents
How strong is the 48 cent resistance line?
Where did the 48 cents resistance come from? How did I develop it?
What will OXTUSD do next? Greatest play scenariors.
OXT @ SupportOrchid 🌺 broke the downtrendline and got above the support zone 0.41-0.38. I think we could see another dip into support zone and then sort of consolidation around it's upper edge 0.41 followed by bounce off the uptrendline. Resistances (in white) can be used as Targets. What's your take?
Like👍, follow✒️, enjoy📺!
OXTUSD Orchid Next Stop .6137Simple charting here friends. After we hit our last target of .48 cents , we now must begin looking for a re-entry. Personally, I have chosen to re-enter most of my trading funds on OXT at .44 cents. That being said, there are two levels below me that are still a target-down possibility. The first one exists at .4272 and is, of course, more likely to be touched. The second is down at .4073. This is a more aggressive re-entry. I would not place my bets on anything below these two. Obviously, it is possible. It is just not a good bet at this point, IMO, because this market has turned very bullish once again.
Once we have re-entered, where can we expect to go?
Well, my thoughts are that we'll likely break above our 200-day moving average (RED LINE ABOVE). Past resistance will become future support. At this point, our target will become that PURPLE down-trending line. As with the 200-day, we may hit our heads on this resistance another time or two. You can see, we've already done this once (yesterday). But, the 200-day will be coming up under us at this point and provide valuable support. This will help us to break out and above the PURPLE down-trend resistance, which will now become support.
At this point, it is clear sailing. Though we may hesitate after the breakout and come back down to test our PURPLE support, at some point we will take off, rather rapidly, to target our .6137 mark.
I will be setting my limit orders for various price points around this area.
All the best traders!
OXTUSD Orchid Next Stop 200 Day MA .47 Cents!Really quite simple. OXTUSD currently trending up. About to break above major accumulation area (currently resistance) that is ranging on the 4hr chart between .3637 (purple line) and .3773 (black line). Past resistance will become future support. But once we break this resistance area , I believe we'll go to the 200 day moving average pretty quickly (like within hours). The 200 day ma currently is priced at .4743. I would suggest a good range to target with this next surge would be anywhere from .46-.48 cents. Once hit, we will probably come back down again. Maybe all the way back down to the .3773 support. Looks like some good trading ahead friends. Have fun with this.
As always, I wish you all the best.
AT CryptoScan: OXTUSD - the flower amongst the thornsI don't know if many actually noticed this, but I did... and I think we are sitting on an explosive diamond that is yet to be polished. Orchid, the OXTUSD, has very interesting technicals that tell an interesting story, at least to me.
You see, the VDC5 (Volume DChann 5) indicator that I created, tracks the velocity of change of the volume 5 moving average. This is an arbitary indicator that has not yet been correlated with the rate of change in price, but is good enough to see underlying trends IMHO.
Since OXTUSD chart is pretty new, we look at the 4H chart...
Note that previous spikes which turn into significant trend, is accompanied by VDC5 spikes, and major uptrends follow. These VDC5 spikes were previously 2-3X from average, but the recent spike is about 10X!
Something is up with OXT, and I think it is already warning of a massive take off in months to come!
🆓Orchid (OXT) July-25 #OXT $OXTOXT has conquered the $0.26 zone and in the next few days it can continue to advance towards the $0.34 and $0.46 zones. However, we need to pay attention to the $0.34 zone, where there is always strong selling. And if OXT loses the $0.26 area, it will fall sharply to the $0.2 area
📈BUY
🔴Buy : 0.254-0.266$. SL if B
🔴Buy : 0.332-0.348$ if A. SL if B
📉SELL
🔴Sell : 0.332-0.348$. SL if A
🔴Sell : 0.45-0.47$. SL if A
♻️BACK-UP
🔵Sell : 0.254-0.266$ if B. SL if A
🔵Buy : 0.195-0.205$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Charting Works! OXTUSD Target .85 CentsI know, I know. I haven't always gotten it right. But, by and large, my understanding of technical analysis has helped me to net gobs of profit. Here's an example of my most recent trading activity on OXTUSD (which I still believe will hit $1.25+ before this year is over).
Notice how my first trade noted on the chart was a stop out. Always, always, always put your stops in kids. This is both a smart and humble approach to trading. It is like saying, "In case I am wrong, I will sell here". And then the machines automagically do the work for you. This was what happened to me the first time. The rest you can see on the chart.
A nice cup and handle has now formed on this chart. My bet is that we move to .85 cents area rather quickly. I am guessing before next weekend.
Don't be greedy. Take those profits along the way. And always put your stops in!
Happy trading friends.
A deeper dive into OXT price action*Beginning trader and technical analyst. I received my trading education from TRi, school of trader development. **This is not trade or financial advice, but posted for entertainment.
I hope this chart isn't too messy. Had a lot to say.
I like this crypto. Yes, VPN, isn't sexy like NFT's, Defi, or the almighty BTC, but it is a fundamentally important growth component to the future of an internet with robust privacy and free of censorship. There are big VC names behind this crypto too, Sequoia and A16z. Why does it seem to be just hanging out? I find sometimes that I have to check my opinions and emotions at the door. I tell myself things like " oh this thing hasn't popped, so I'm going to get in early because I know it just hast to." or even "There are big VC names in it so it must be good." May be you have some of these feelings too? But what does the tech say? Am I being realistic about what this crypto is going to do today, tomorrow, next month or even next year?
I want to be bullish this name. I think it has big upside potential, low market cap, relatively low coin supply, right now. I don't think we are bearish yet, but I don't think we are screaming bull. And when Bitcoin is going nuts like it is, we all know that any moves, up or down, can totally invalidate technical analysis on alt coins.
So here are some of my thoughts on OXT (posted in the chart). I've become a little obsessed with OXT right now, so I will try to keep posting my thoughts. It seems like this coin may be manipulated. Seems to be a lot more potential buyers than sellers on the order book but not the price movement to reflect it. Im not the best at reading DOMS or order books , so if you have an opinion on that or any other aspect of my analysis please share as I would love to hear it.
It is looking a little toppy. Maybe it will put in a double bottom off a bounce at the 50% of the range at approximately .73. Ultimately, the markets going to do any damn thing that it wants to do-I keep this in the back of my mind when trading. Trade it don't date it.
COINBASE:OXTUSD