OXT
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
OXT - Is it going to break down lower?OXT is used for some VPN payments. Who uses it and why - I have no idea but everyone keeps telling me crypto is changing the world for the past 7 years. As I look around, we are in exactly same spot - nothing is changed, just more coins with more applications, higher prices, melted ice caps and purple haired goblins pushing liberal decentralized agenda everywhere.
I am buying it today because the world is changing and I dont want to have fun staying poor. I am not even sure if I want to have any fun until this thing bounces.
oh!! And technicals, dont forget, technicals and charting is where its at. To the moon! (not! it will probably be flat for the next few weeks).
Here is how you make money, the ultimate formula to your success - "BUY LOW SELL HIGH". It works, every time, I tried it, trust me.
PS: Tech gods - Please bring Trump back on Twitter. Its not the same without him.
$OXT. Room to grow makes it unpassable.$OXT has been underperforming compared to the rest of the crypto-market this year. In a market where almost every coin has had it's time in the sun you almost can't pass up on the coins that haven't seen 1000% growth on the year.
The price action is a little sloppy, but the potential for going 3x or 4x from where current price is makes it impossible for me to keep it out of my active holdings. Missing a 3x or 4x-er is the same as having 4 positions go to absolute 0. This is a numbers game.
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.