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OAX / Bitcoin

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OAXBTC trade ideas

OAXBTC Nice breakout from the falling wedge 🦐OAXBTC Nice breakout from the falling wedge, and now the price is testing daily resistance. IF the price will break the resistance and turns it into new support According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
9
OAX 100% ON THE WAYReally important to me Please support my work by like or leave a comment By "following" you can always get new information quickly. "THANKS" you in advance for your support .............................................................................................. EMA50 (Red line) crosses up MA200(Yellow line) and EMA200 (Blue line) Now to make sure the golden cross happened, we see the price was able to surpass EMA 300 and EMA 400. Passing the price of MA10(white line) can be considered as small pullbacks As long as the price above EMA50(Red line) Trend is Bullish Risk/Reward with you GOOD LUCK
Long
by E_PLURIBUS_UNUM
2
OAXBTC Falling Wedge| Weekly S/R| Swing High| Low Volume Evening Traders, Today’s Analysis – OAXBTC- trading in a falling wedge structure holding weekly S/R, a break bullish will see continuation. Points to consider, - Bullish chart formation - Weekly S/R Support confluence - Swing high immediate target - RSI diverting - Volume declining OAXBTC is trading in a falling wedge pattern that has a higher probability of breaking bullish. Price is approaching its apex, signalling a break imminent in the immediate term. The weekly S/R is holding true confirming an S/R Flip retest. This level has multiple technical confluence, the 200 DMA & DEMA with the .50 Fibonacci – proving to be a strong trade location. Activation of the falling wedge will make the immediate target swing high, breaking this level will confirm trend continuation. The RSI is currently diverting, a reclaim above the 50 mid-point is an early indication of price breaking. The volume profile is declining, common in patterns as price finds its equilibrium. An influx will signal price breaking leading to an expansion. Overall, in my opinion, OAXBTC is likely to hold weekly S/R allowing for a long trade with defined risk. Price action is to be used upon discretion| management of the trade. What are your thoughts? Thank you for following my work! And remember, “You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas
Long
by AzizKhanZamani
4