OXTUSD
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.
OXTTuesday, 27 April 2021
11:20 AM (WIB)
Why build a privacy network?
The Internet opened up an unlimited world of information. Its creators invited us to bring our curiosity and explore that world freely. As the Internet grew, exploring freely became harder. Web 2.0 business models incentivized companies to watch and track us and sell our data. And in some places, limits were placed on the information we can see. But that is changing. The decentralized Web 3.0 being built on Ethereum is allowing the Internet to be reclaimed by its users. At Orchid we share in this mission. We use Web 3.0 technology to offer users better digital privacy today, so we can realize the promise of the Web 1.0 and explore freely again.
Orchid was founded in 2017 to help restore the open and accessible Internet for everyone. Since then, we have grown an incredible team based in San Francisco and Berlin and launched the first incentivized, peer-to-peer privacy network in December, 2019.
Our Values
The Internet is as integral to modern life as writing was to the ancient Greeks. Our lives are digital, and the ramifications of the things we do and say online are as real as those in the physical world. Orchid grew from the dream of a future in which our whole lives -- both the physical and the digital -- could be private, decentralized, and censorship-free.
Orchid’s mission is privacy, and privacy is a human right.
Privacy is an easy target for those in power, who say “if you have nothing to hide, you have nothing to fear.” This is a lie. The truth is that the people in positions of power have the least to worry about being private. If a powerful dictator is caught doing something, they are beyond reproach. We should never forget the routine violations of privacy visited upon King, Gandhi, Ai Weiwei and many others in the name of “law enforcement” and “national security.”
Privacy and freedom are not in conflict; they are one and the same.
www.orchid.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
"Patient One's Always Win" - OXTOverview
-Ideas are a bit spread out since I'm spending a TON of time trying to finish making a COMPLETE trading guide so stay tuned for when that gets released!
-Overall OXT as always is a bit disappointing while the rest of the market is pumping. However, it may have just been taking some time to put on its running shoes. Let's start from the top!
Price Chart
- Price is currently trying to make the 20MA the new support. If the 20MA(green) can get above the 50MA(yellow) could see another run up
- Making a symmetrical triangle pattern that usually results in a breakout
- If breakout does occur, places where price could see some resistance is marked on the chart (1,2,3)
- OXT is only for the patient, still looks strong and if the symmetrical pattern plays out, expect a continuation
RSI
- RSI is deciding what to do by being in the middle, plenty of room if a run occurs
- If no run, we could see a short-term price drop to form a double-bottom on the RSI before going back up
Stoch
- Stoch is high, but I wouldn't be surprised if the stoch value bounced around in this area like it has in the past
Extra Info
- Learn about OXT here: www.orchid.com
- OXT VOLUME: coinmarketcap.com
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful trading strategies 🏆
Would also like to know your thoughts! Remember this is not financial advice , however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
MoneyGrind
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
OXT No Need To WorryAs long as .78 can hold as support OXT is only beginning a massive journey.
We could see brief dips below in coming days but bigger picture we would like to see a weekly Candle Body close above .78 USD.
That would be extremely bullish.
Price discovery can be a fantastic time for asset holders.
Real world usability and demand to pull OXT higher in cmc ranking list.
not investement advice. DYOR.
$OXT Looking to Breakout SoonKeeping this chart simple:
$OXT looking primed to breakout, and I’m betting on the upside. Daily close above $0.8178 (blue dotted line) would give us a short term target of $1.4969, but my long term target is much higher.
The low volume (yellow dotted line) typically indicates a breakout is imminent. Higher time frame indicators look good for continuation higher, as well as the underlying bullish crypto market.
OXT/USD Weekly Chart, Inverted
Sometimes I like to invert my charts just for a different perspective. If this was top I would be thinking bear , I certainly would be looking for locations too short (but remember the chart is inverted 🐂). Perhaps the $1.00 wick, exactly $1 wick, come on! This seems like a really important level for me. I think OXT over time will grow even more bullish, but if BTC changes its mind that can really throw all TA out the window, IMO.
*Not trade or financial advice
Beginning trader and technical analyst. Just trying to learn something new everyday. Always appreciate any feedback.
COINBASE:OXTUSD
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