Orchid
OXT/USDHello all!
OXT is the digital asset token used to pay for VPN services on the Orchid network. It is built on Ethereum in accordance with the ERC20 standard for tokens. OXT can be bought and sold for fiat currency or other digital currencies.
OXT is another Token I currently hold on my Gemini account. It wasn't long ago that I invested into this token also. With a fixed supply of 1 Billion OXT Tokens and currently 367.58 million circulating, I see this token as great investment with greater potential ahead. In the 4hr chart, I explain areas of my liking to add more longs into this token. The 4hr RSI is currently overbought and I can see on the chart that the RSI has been respected before. Fib shows areas of interest for me to add more to this investment.
I am not a financial advisor, this is my opinion on OXT based on technical analysis and information I read and listen too. You all gather your own information and proceed with your alls likings. I wish the best of luck to all!
$OXTUSD - Bullish continuation above 0.75Hello everyone!
Orchid looks strong and very bullish and hopefully this pace will be held for longer time.
For now I believe it's very risky to long OXTUSD, I'd suggest you to wait for closing above 0.75 and go long.
OXTUSD might also correct a bit and bounce, though I still believe the best would be to enter above 0.75.
Orchid (OXT) Aims Higher (115% Possible + More)OXTBTC (Orchid) is now strongly bullish and can produce additional growth.
Here we have prices moving above all EMAs, a bullish MACD and a really strong RSI>
These indicators and signals support additional bullish action for this altcoin trading pair.
Note: The prices are always moving... The charts can always change.
Make sure to build your own plan/strategy before you trade.
Wishing you great luck, health, wealth, & success.
The Altcoins Market Will Continue Growing!
Namaste.
OXT - Parabolic Bullish Sweeping Pattern - 200% Possible GiansHello Traders,
I'm eyeing OXT/ Orchird ATM.
Hugely undervalued at this time, market cap hoovering the $250+/- Mil range. It's completely possible that OXT hits a $800 Mil market cap, which would bring the price close to the $4.90 range.
Right now, I'm seeing a large increase in the overall volume of the Portfolio sector of the market. If you look at cycles we've been experiencing since early November 2020, you'll notice the market is focusing on certain sectors/ categories. It was Smart Contracts, DEFI, NFT's, and now I'm seeing something similar for the portfolio category.
Going into the weekends can always be inconsistent but one thing I like to focus on is grabbing a few key projects before the beginning of the week and DCA my purchase orders from Friday evening until Sunday evening. I'm more of a swing trader, hanging onto coins for no longer than a couple of weeks and usually a min. of 2-3 days.
Buy, hold, and realize gains!
🆓Orchid Protocol/USDT Analysis (1/4) #OXT $OXTOXT still stuck under the 0.75$ zone, if it couldn't conquer this zone, it will go down gradually to 0.65$ or 0.6$ zone and then start new rally up to 1.15$ zone
📈BUY
-Buy: 0.635-0.665$. SL B
-Buy: 0.73-0.77$ if A. SL B
📉SELL
-Sell: 0.73-0.77$. SL A
-Sell: 0.88-0.92$. SL A
-Sell: 1.22-1.28$. SL A
♻️BACK-UP
-Sell: 0.585-0.615$ if B. SL A
-Buy: 0.44-0.46$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
OXTUSD Orchid Ready to Explode $1.25 by April 15th!Morning Traders,
You can see in my "Link to Related Ideas" section below that I have been tracking OXTUSD for some time now. OXT moves fast! Probably, faster than many other ALTS (at least on Coinbase) and that is simply because it is one of the ALTS with the least amount of market cap, though that has been changing over the last few months.
There is now a preponderance of charting evidence leading me to believe that OXT's time is imminent. And if you look at my past idea below: "OXT - The case for $1.25 PRICE TARGET!" I show why the price target of $1.25 is reasonable and the time of around mid-April is the perfect time to hit this target.
Once OXT breaks through the descending GREEN resistance of the current triangle it resides in, I will pick up a little more. This is our signal that it is "GO TIME".
I will then hold till around $1.00 where I will probably begin to take profits. Then again at around $1.15. A big chunk at $1.20 and then finally, most of what's left at $1.25. I will hold a small amount more for the possibility of exceeding this price point, which I have also made the case could likely occur. In fact, my suspicion is that OXT could even hit the $1.40 mark!
This is a 2-3 week swing trade friends.
Please let me know how it goes for you all and if my idea helped you in any way!
I wish you the best!
OXTUSD Orchid Target Still $1.25-$1.40 before April 15thHi guys. A few months ago I posted the following idea which made a case for OXT reaching $1.25 on or before April 15th. You can view that idea here:
This chart really is just adding to that original idea. It's a noisy chart, I know. I failed to clean it up before posting only because I wanted to keep all of the indicators in place for my own information.
So, after you go back and read my original post, come back here and find a few more indicators leading me to believe OXTUSD will reach, at least, $1.25 - and quite possibly $1.40!
What I have observed (and you can take this for what it's worth), is that BATUSDC and OXTUSD seem to feed of each other's PUMP. First BAT rises and then OXT follows this ALTCOIN's lead. After that, many of the other alts on Coinbase will generally follow.
So, on Coinbase, traders obviously start with the big dawg, Bitcoin. Ethereum will follow. Then bigger alts like LTC. Then BAT. Finally, OXT. And then the other ALTS. The money seems to trickle down in about that order. Obviously, not always. But a pretty good generality to observe. I simply use this precedent as another timing indicator of sorts.
Because OXT likes to copycat what BAT does, I have included some of those calculations on this chart simply for reference. BAT recently mooned. Much of this was on the news that it would be developing it's own DEX. This is great news. Obviously, from my profile pic, you can see I am a huge fan of BAT. I do think it will join the ranks of the big dawgs in short time. But enough about BAT. You came here to read about OXT.
Here's what I have calculated so far:
I have noticed, on average, most crypto will top out or have a top line resistance/target of 2.8x multiple from current 200 day moving avg. Therefore, if you take the current 200ma and multiply it time 2.8x, you can have an idea of where your coin might go. In this case, OXT current 200ma sits at .33 cents. This gives us a fairly reasonable and safe target (IMO) of around .92 cents. That could be a first target which we have almost reached today, as of this post.
My second line takes the BAT price, which OXT tends to copy, to find what that multiple is. BAT topped out at $1.38 so far. Still could go higher (and I think it will). But let's take that price for now and use it in our calculations to give us another idea of where OXT might end up. BAT reached $1.38 but it's 200ma was only .32 cents. That give's us a multiple of 4.3x BAT's current 200ma! Awesome!
Now, if OXT were to follow the same results, which it surprisingly tends to do historically, then we should see OXT reaching a price of $1.41. Now, this, to me seems like a pretty aggressive target and I don't see myself holding OXT past the $1.25 mark, however, anything can happen as you all know. And this only gives me further affirmation that my $1.25 price point from a few months ago is not far off! I will attempt to hold at least %33 of my entire stake here until we reach this mark. I will be taking profits (and have already) at various markers along the way.
One final indicator is that $1.40 is exactly 2.168 Fib retracement of OXT's previous high from a few weeks ago! And this, you can note, is where a LOT of the ALTCOINS are headed. Some, like BAT, have already reached!
Anywho, I just wanted to give a few more talking points to discuss on my previous price prediction here. Let me know what you all think in the comments below.
I wish you all the very best!
Please be sure to go back and read my previous post from a few weeks ago here:
Two things in the world I am certain of1) OXT price discovery/will never see .30 cents in the next year or so
2) Massive cup and handle with a 2 year base.
3) Dumb money (I know I said 'two', but I had to include this one. If you know, you know)
Do your own due diligence. I am not a financial advisor.
OXT Orchid about to rip higherOXT Orchid about to rip higher
I have been buying the dip on this one as they are extreme.
I have been touting OXT since September see referenced chart.
I mean look at the Profiles of the management, I would love to have a guy from Ethereum core and the guy who made Jail brake for iPhone.
Add a dash of privacy VPN portal to project concept and you have a hot topic on your hands.
Not Financial advice.
This is just my trading journal.
🆓Orchid Protocol/USDT Analysis (26/2) #OXT $OXT0.42-0.44$ zone is a strong support zone and the buying force is happening now. So we can expect it will pump up to the middle range of the Symmetrical Triangle formed since early February.
It needs to surpass 0.65$ zone in order to rise much more in March to 0.85$ zone
The next support zone is at 0.35$ zone
📅NEWS
👉Mar 22 : Summit on Privacy
📈BUY
-Buy: 0.42-0.44$. SL if B
-Buy: 0.63-0.66$ if A. SL if B
📉SELL
-Sell: 0.55-0.58$. SL if A
-Sell: 0.63-0.66$. SL if A
-Sell: 0.83-0.87$. SL if A
♻️BACK-UP
-Sell: 0.42-0.44$ if B. SL if A
-Buy: 0.34-0.36$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
OXT Break Out Incoming!?After some brief consolidation, and with the current state of the market, it looks like OXT is ready to make another move up. One of the main things that could stop this move is BTC dropping, but if BTC holds or gains - OXT will very likely retest the high it set a few days ago.
OXT - The case for $1.25 PRICE TARGET!Is OXTUSD only halfway to the moon?
Hello traders. I have reason to believe that OXTUSD could touch the $1.20-$1.32 mark within one month, maybe weeks? Here is my case briefly bulleted. I'll allow you to decide whether any of this makes sense or not and can add confirmation:
Preface. Interesting Data. Potential Fractals:
- On Coinbase, OXT hit and introductory body high in Dec. 2019, which was at about 66 cents.
- Wick high in Dec. 2019 was 75 cents. Wick high then increased 8 months later by 25 cents and went to $1. Is it possible this pattern repeats once again? If so, we can track 8 months from our previous wick high, to a projected new high of $1.25, an increase of another 25 cents.
- It is interesting to note (though not an indicator) that by doubling OXT introductory body high of 66 cents, we end up roughly in the ball park of this $1.25 price projection as well @ $1.32.
Additional fractals:
- Additional fractal patterns can also be observed with amazing consistency:
- 80 days from initial body high, OXT hit a new low.
- 160 days from that low, OXT hit a new high.
- 80 days from that new high, it hit another low.
- If the previous patterns repeat, we can track the time from the previous low, to a projected new high in around 160 days, give or take a few days.
- Each recession measured almost exactly 50 cents.
- If we double the 50 cents fractal from our previous low of around 20 cents and add this $1.00 value to it, the final target is $1.20
All of this data is exactly consistent with where many cryptos are ending up in the current market, which is at about a 3x multiple of their 200 day moving average. At it's current rate of increase, we can project the moving average to be right at or around 40 cents by the end target time frame of 160 days. 40 x 3 is ...$1.20
We often see chart patterns consistently repeat in market movements. Repeating patterns can be used both as future potential indicators of price action as well as confirmation of current sentiment.
One additional note worth mentioning as additional confirmation here is that Bitcoin recently fell through some fairly strong market dominance support at %62.3. Next support levels are %59 and %57 respectively. Such events are only more good indication news for altcoins like OXT.
I will be entering this trade with some of my reserve cash and holding till we reach approximately $1.00+. OXT is not done pumping yet. To the moon!
I wish you the best traders! Thank you for liking/subscribing and supporting.
Comment below if you will enter this trade and/or have any additional confirmation or contra-indicators.
Best of luck traders!
OXTUSD - Still pumping. New target 56 cents!TLDR: Previous post showed our CUP AND HANDLE pattern with target @49 cents. However, OXT does not appear to be finished. Bull flag formation presently occurring. New target = .56 cents.
Hello traders. If you've been following my posts on this ALT and have been trading along with me, then you've done well. I congratulate you on your success.
Though I took profits at 50 cents and closed the last trade (), I have re-entered this trade at 41 cents.
Reason? You can see from the chart, OXT still appears to have momentum. The bears have not been able to reverse this down to previous levels. Resultantly, a BULL FLAG has been forming. If I take the height of the last bull move, clone it, and then estimate an exit from the flag, I come up with a 56 cent target. Not bad!
Let me know if you all are seeing similar trajectories and if you have entered this trade by commenting below.
As always, I wish you the best!
✳️Orchid/USDT Analysis (7/1) #OXT $OXTOXT is approaching the key resistance zone at $0.32, if it conquers this zone, OXT will easily approach $0.38-0.39 price zone over the next few days.
Note, OXT is a pump coin that easily generates flash pumps, so only buy at low prices, do not buy when the price has pumped.
If OXT fails at $0.32, it will be a bearish signal and it will fall to $0.26 support zone and will continue to fall.
📅NEWS
No News
📈BUY
-Buy: 0.31-0.32$ if A. SL if B
📉SELL
-Sell: 0.38-0.39$. SL if A
♻️BACK-UP
-Sell: 0.31-0.32$ if B. SL if A
-Buy: 0.255-0.265$. SL if B
-Sell: 0.255-0.265$ if B. SL if A
-Buy: 0.23-0.24$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"