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OXT

OXTUSDT.1DThe chart represents a daily time frame analysis of OXT/USDT (Orchid Protocol paired with US Dollar Tether) from June to early December 2024. My analysis begins by identifying a significant downtrend marked by the descending red trend line, termed R1, which highlights the resistance levels that have contained price movements since June. Initially, the OXT price reached its high around mid-June at approximately $0.1190, and since then, it has been forming lower highs and lower lows, indicative of a bearish trend. The price tested the descending trend line in early August but failed to break through, confirming the strength of the resistance. As of now, in early August, the price is attempting to stabilize above a support level, S1, marked at $0.0625. This support level is critical because it represents a previous price consolidation area from late July, suggesting it could be a potential reversal zone. However, if the price fails to sustain this level, it could fall towards the next support, S2, at $0.0535, which would align with the continuation of the existing bearish trend. Looking at the technical indicators (not shown in the chart but typically used in such analysis), if the Relative Strength Index (RSI) is trending towards oversold conditions, and the Moving Average Convergence Divergence (MACD) shows a potential bullish crossover, it could indicate an impending bullish reversal or pullback. To conclude, my current strategy would be cautious. I would monitor if the price can maintain above the S1 level and look for any bullish signals in the indicators to consider a long position. Otherwise, if the price breaks below S1, I would prepare for a potential short position, targeting the S2 as the next support level. As always, it’s crucial to place stop-loss orders to manage risk effectively in such volatile markets.
by MarsSignals
OXTUSDT's Situation: What Shall we Expect!Hi. COINEX:OXTUSDT Chart is Speaking It Self!!! Simple analysis... It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
OXT - A confirmed Breakout for LONG Trade#OXT/USDT Analysis Description --------------------------------------------------------------- + As you can see in the 1 Day chart, OXT is showing clear confirmation of breakout from the resistance and currently trade around the resistance zone. + i'm seeing this as a good chance to enter a long trade with a nice profit chance. + i'm keeping the stoploss around the support zone as the price can get rejected from the resistance. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.1208 Stop Loss: 0.0822 ------------------------------ Target 1: 0.1503 Target 2: 0.1807 Target 3: 0.2392 Target 4: 0.2909 Target 5: 0.3639 ------------------------------ Timeframe: Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Best Regards, VectorAlgo
Long
by VectorAlgo
OXT/USDT Gearing up for the Next Bull Run? 👀🚀OXT Analysis💎 Paradisers, focus your attention on OXTUSDT, as it exhibits notable market dynamics. The asset is signaling a potential bullish trend from an essential support level. 💎 Recently, Orchid faced a challenge at the $0.1135 resistance mark. If OXT can maintain stability at the key support level of $0.0794, there's a possibility we could see a continuation of its bullish trend. 💎This positive prospect is reinforced by OXT's strong showing above the EMA, indicating a likelihood of ongoing upward movement from this level of support. 💎 On the other hand, should OXT find it challenging to hold its position at the $0.0794 support, it may be time to consider an alternative approach. In such a case, we might need to anticipate a downward movement beginning from a lower demand zone. A significant point to watch is if OXT falls below this support level, as it could signal a shift to a bearish trend. 💎 Stay vigilant and proactive, Paradisers. Your ParadiseTeam is dedicated to providing you with the crucial insights needed to navigate these market trends, ensuring your trading choices are both informed and tactically sound.
Long
by MyCryptoParadise_Simon
OXT ANALYSIS (4H)The MAV symbol has a bullish structure and we see higher H's and L's. Under the candles in the recent data, a liquidity pool has formed which may break soon. The green range is a good place for buy/long. If it reaches the green range, we enter the buy/long position. Do not use this analysis as a sell/short setup For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
2
OXT/USDT Had a Good Run | What's Next for OXT?💎 Paradisers, focus your attention on OXTUSDT, as it exhibits notable market dynamics. The asset is signaling a potential bullish trend from an essential support level. 💎 Recently, Orchid faced a challenge at the $0.1135 resistance mark. If OXT can maintain stability at the key support level of $0.0794, there's a possibility we could see a continuation of its bullish trend. 💎This positive prospect is reinforced by OXT's strong showing above the EMA, indicating a likelihood of ongoing upward movement from this level of support. 💎 On the other hand, should OXT find it challenging to hold its position at the $0.0794 support, it may be time to consider an alternative approach. In such a case, we might need to anticipate a downward movement beginning from a lower demand zone. A significant point to watch is if OXT falls below this support level, as it could signal a shift to a bearish trend. 💎 Stay vigilant and proactive, Paradisers. Your ParadiseTeam is dedicated to providing you with the crucial insights needed to navigate these market trends, ensuring your trading choices are both informed and tactically sound.
Long
by MyCryptoParadise_Simon
1
OXT/USDT TRADE SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this OXT/USDT Trade setup. OXT looks good here. Breaks out from the symmetrical triangle. Currently, retesting the trendline. Long some here and add more in the dip. Entry range:- $0.073-$0.076 Target1:- $0.086 Target2:- $0.098 Target3:- $0.112 Target4:- $0.134 SL:- $0.070 Buy on the spot or use low leverage. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
OXT Might be Preparing For a Possible Correction| 💎 OXT/USDT seems poised for a potential pullback, with indicators pointing towards diminishing strength and a likely descent. 💎 The first engagement with the OB will be pivotal. Should a rejection manifest, it could indicate a liquidity drain, suggesting a shift to tackle the Bullish Order Block and a possible bearish progression. 💎 Conversely, the price might find resilience at the prior order block, steering its trajectory northward. 💎 In the ever-evolving crypto realm, knowledge and adaptability remain paramount. Keep an ear to the ground for further insights and relish your trading voyage.
Short
by MyCryptoParadise_Nathan
1
OXT/USDT - Orchid: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $OXT / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.0933 | 0.0999 | 0.1124, and the major support zones can be found at 0.0808 | 0.0749 | 0.0624. Consider entering a trade at the current price zone of 0.088 and targeting higher levels. ◰◲ General info : ▣ Name: Orchid ▣ Rank: 350 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Services - Data Management ▣ Overview: Orchid aims to serve a privacy-preserving role in Ethereum’s web3 stack. It is an incentivized peer-to-peer privacy network and decentralized VPN application that enables private access to the Internet. Users pay Orchid node providers in exchange for bandwidth. These providers stake Orchid tokens, OXT, to sell bandwidth on the Orchid Network. Providers receive user requests for traffic in proportion to their stake weight. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.088 ₮ ▣ 24HVol: 261,896.641 ₮ ▣ 24H Chng: 2.564% ▣ 7-Days Chng: 2.13% ▣ 1-Month Chng: -3.04% ▣ 3-Months Chng: 29.28% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0933 | 0.0999 | 0.1124 ◢ Support: 0.0808 | 0.0749 | 0.0624 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.09 ▣ Last 90D: 1.61 ▣ Last 1-Y: -1.03 ▣ Last 3-Y: 0.46 ◲◰ Volatility : ▣ Last 30D: 0.55 ▣ Last 90D: 0.76 ▣ Last 1-Y: 0.84 ▣ Last 3-Y: 1.24 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.54 - Bullish ▣ Reddit sentiment score is 0.72 - Bullish ▣ In-depth OXTUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
✳️ Orchid Double | Recovery & Bitcoin Correction ConfirmationThe same pattern we just reviewed on the 1INCHBTC chart is present here as well. OXTBTC prints a lower low but produces no volume. This lower low is an attempt by the market to look for liquidity before moving up strong. As OXTBTC moves to recover, BTCUSD moves to retrace. The next confirmation comes from Stratis (STRAXBTC) whom already went ahead. What one does, the rest follows... I did mention that the Altcoins vs Bitcoin pairs will have their turn, this is now becoming truth. Namaste.
OLong
by AlanSantana
1
✳️ Orchid vs Bitcoin Is Ready To Grow (Easy 110%)Another pair that is looking good and we even shared a trade for it yesterday is OXTBTC. Today it moved above EMA100 for the first time since September 2022, it has been battling with this level for many months. Moving above it is a major bullish development. The RSI is super strong, the same long-term higher low and there is plenty of room for growth. Another one... Stay tuned because there is more. Thanks for your support, it is appreciated. Namaste. P.S. The target mapped on the chart is just the easy target, the potential is much higher as usual in the long-term. Please keep this in mind always when reading my charts.
OLong
by AlanSantana
3