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Usdoxt

Biggest Bullish Hammer In OXTUSD History Forming?Overview - This will be a shorter idea so that we can get a better look at this candlestick pattern What is a Bullish Hammer? - Can help indicate reversal points - Can close red or green and candle body must be 2x the size of the wick (longer the better) - Best to be used in a downward trend - Volume can help confirm reversal or if next candle is green So What Does This Mean? - Well, OXT is currently on a downtrend so you can check that off the list. - The wick is definitely longer than 2x the candle body so another check. - According to coinmarketcap.com the volume is up 20% in the last 24 hrs. so check #3 - By having all these checked, price could reverse to higher prices but in order to confirm this, the next candle is needed - Must also remember that one should not trade solely based off these candles as anything can happen in these markets If you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin. As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for this coin. 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
COINBASE:OXTUSDLong
by MoneyGrind
6
Another Interesting Time For OXTUSDOverview - Overall, long term I am still very bullish in this coin and haven't even started selling the bag yet. Let's start from the top! Price Chart - Readjusted the flag because I wasn't a fan of it and so far price is going well with it - Added the blue line of my predicted move for the OXTUSD, if BTC pumps or dumps this could easily change this path - Remember, chance of a dump increases as we continue rising and making new supports/resistances MACD - Wanting to see the momentum return back to the green horizontal line as in the past the breakouts occurred when this happened Stoch - Could the stoch indicator be indicating another time to buy in before prices rise? - Could have a short term rise in price - Last time the stoch value was at a value of 20.0, prices rose by 95% RSI - Broke through the green trend line which is not a bad thing as going below the red line is the one we're worried about - Could we be making another ascending RSI trend? This same pattern occurred before going up 132% - Added a secondary bounce line in the case the red line is broken as it could be either one if a breakout is to occur If you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin. As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for this coin. 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
COINBASE:OXTUSDLong
by MoneyGrind
7
Make OXTUSD Your Valentine This HolidayOverview - This altcoin will be having an interesting future as long as BTC does not dump. If your short on time, know that OXTUSD is still very bullish in my opinion and has some more gas in the tank. Let's start from the top! Price Chart - Made flags easier to see (with time frame) from starting high to breakout - Added $0.59 primary support and $0.49 as secondary support - For the current flag I would like to stay in this area 8-11 days to continue the pattern of breaking resistances and setting new supports - If you're interested in how I got 8-11 range, 1) I did 6/4 which was 1.5 and multiplied by 20% to adjust for higher volatility from higher prices which = 0.3 2) Added 1.5 + 0.3 to get 1.8 3) Multiplied previous day length(6) by 1.8 to get 10.8 to get longest date 4) To make range, subtracted 3 from 11 to get 8 5) We'll find out if formula will need adjusting in future but an idea is better than nothing - If BTC does not crash, expect a bounce or breakthrough $1 on the next rise up MACD - When MACD line(Blue) passes Signal line(Red), notice that a couple candles away from that crossing, the high was set for the flag. - Notice that after every time a breakout occurs, the next breakout tends to have a longer consolidation period - Negative momentum will be seen soon, hopefully in the shape of a "U" like the second flag negative momentum Stoch - Could either bounce off of path 1 and have higher prices(In flag) or slowly fall to path 2 which is what I would like to see since the previous declining stoch pattern ended in a breakout RSI - Would like to see us bounce off the green trend line for a couple days, then break to the lower red trend line to make that double bottom to help prepare us for a big bounce to $1 If you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin. As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for this coin. 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
COINBASE:OXTUSDLong
by MoneyGrind
12