ALT COIN LONG - OXTUSDLong setup pre altcoin run, lottery ticket #1
I don't have an extensive explanation, the chart does the talking. look for breakouts above key moving average past the recent pullback.
OXTUSD trade ideas
OXTUSD Elliott wave countBelow 0.1777 we are looking to the downside to complete wave (2) of wave ((3)). Possible target for the correction into the previous 4th wave of wave (1) of wave ((3)), approx. 0.1176 where we have also 0.618 fib retracement.
Invalidation below 0.0823.
OXT Bullish Divergenceall you need to know is the bullish divergence on the weekly has tradittionally been a strong indicator for crypto. pointing it out
✴️ Orchid Flat Bottom vs Rounded Bottom By looking at this chart, OXTUSD (Orchid) we can learn about the difference between a flat bottom and a rounded bottom.
Just as it happens with a consolidation phase, the longer it takes for a breakout to happen, the stronger the ensuing move becomes.
Orchid is now facing the current bottom pattern resistance.
Once this resistance breaks, we can expect very strong growth.
It has been battling with this resistance for months.
The bulls have the upper hand now, this pair is ready to grow.
Namaste.
Excitement around OXTIts looking like we finally broke out a multi month descending wedge. Will we keep going up? I certainly don't have a crystal ball, but if the break-away plays out, we can see a good pump to about 10 cent levels followed by a continuation to higher levels. Lets see where it goes and how many people fear getting left behind. -- Lets have another FOMO event!
OXTUSD - Reached Pinch Point in Descending Triangle & Broken OutFollowing on from an extended descending triangle (with a few good trades within!) we seem to have now reached a certain pinch point. From here the price has not only broken out the top edge of this aforementioned triangle, but we've received a Buy signal from our Crypto Tipster indicator; all good signs that a rise could be iminent!
Given the general bullish-ness of the whole crypto-sphere currently, another 10% gain on Orchid would not seem to unreasonable and take us up to the next level of resistance at around $0.085.
vpn on the blockchain,ppletny of room to run for this beaut. range low could take out the upside and copy band run to closests support loset. easy double
OXTUSDLONG-TERM: Descending broadening wedge breakout, double bottom at historical support, classic bullish divergence. (not financial advice)
OXT Riding the MicrotrendOXT is making a series of advancements as it crawls up microtrend support on its way to the Fib ladder. New demand seems to be emerging as it brushes the 1.0 lower level. Looking for more advancements. Profit/Sell zones between the .272 and .618. (.618 caps out the MacLV1). Good luck.
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A beginner's tip for reading candlesticksLooking at this chart we see a lot of candle "wicks" pointing upwards.
As a new trader I had no idea what was going on because it takes some time reading candles to relate all the candles you see to what is happening in the market with actual trades.
Answer: These vertical wicks mean the price spiked over and over, but after each spike selling took place--people took profit each time and kept the actual closing price depressed.
Bonus: The very light line you see is the 50 MA, it has served as the driver for resistance and the price has "bounced" off this boundary.
Hope this helps you to step back and understand what is happening from a practical standpoint using candlesticks.
All in on OXT and here is why!Descending wedge with a measurement right to the top trend line Tracking the peaks. This is too perfect to be true. Can this happen during such an oversold market with FUD running rampant? Well, it wouldn't be the first time OXT took off out of no where to $1 leaving everyone on Coinbase with level 10 FOMO. While many people are speculating that BTC can see prices somewhere near 10 to 12k, there are pretty valid arguments that have been made suggesting 20k is likely the bottom. Ironically enough, BTC is also showing the same type of descending wedge on its daily chart. If BTC goes up, it would further incentivize OXT to take off with the upmost aggression.
I will also mention that at the current prices, we could be seeing a perfect level to make massive gains in the months to come. The market will turn tides and when that does, OXT will almost certainly plow through into, what i predict to be around .50 cents mid term and .80 cents to $1 long term.
OXT to the moonOXT is showing its strength -- can it pull through and get back over previous major support (Now resistance) around the .20 cent range. If it did, it would be a proverbial, three pointer at the buzzer sending them into overtime! ;)
OXT bullish scenarioOXT at the moment is extremely oversold i believe that we can see a push upwards at any moment. Depth charts show that there isn’t much resistance in order to make it back to the .20 cent level minimum. At the moment, OXT is showing a bullishly biased ascending triangle and if we can break the trend line and close above, we could be in for a decent return to normal levels as seen in the last few years.
OXT Getting ready for LIFT OFF!OXT is an interesting coin in that the charts have always been a little easier to read than most others. OXT is currently in its low ends of the price spectrum, which means people are scooping up coins prepping for the next run up. OXT tends to shoot up out of no where and as you can see in the chart, it seems to pop up roughly every 8 months. If this cycle continues, we may be in for a serious pump here soon. Could we see a pump to .50 cents or could we see a pump to $1 as it has done already in the past? I have a feeling that soon, and by soon i mean in the next month or two, we may be a huge rally on OXT.
Update OXT 0.21 Area needs to hold, if we hold this area the move upwards will be unlike anything seen since XRP March 2017. I don't even know how to comprehend how high it will move. if you don't have OXT I urge you to buy some even just a small bag.
Small cap with high short term upsideOXT saw a nice rise yesterday as the crypto market becomes increasingly more attractive to buyers. Typically the market favors BTC/ETH first then money cycles into mid and small caps.
Entry: 0.2665
Stop: 0.25
Target: 0.38
Orchid OXTUSD - Back into an area of interest for me. Traders,
I waited patiently. And now? OXT is finally back into an area in which I become interested again. Over the BLACK ascending trendline is definitely a bullish sign! Now, we do need to see confirmation on the daily. Today's candle should close above that black trendline and then I'd like to see another candle open and close above it tomorrow. But all in all, with the bullish price action I am seeing again in crypto world, I expect this to happen. So, here's what I'll look for:
#1 - We hit resistance at 30.8 cents. Now, I'd like to see a retreat.
#2 - A re-test of our previous resistance, now support, at around 28 cents.
#3 - A bounce from there and continued upward price trajectory.
My entry/re-entry area would be around that 28 cents support level. I'll wait patiently and, should I have some funds set aside, I'll enter there. If the price doesn't retreat to that level? I move on. Plenty of opportunities right now. Can hardly keep up!
Best of luck traders!
- Stewdam.us
OXT to the 50 cent range and beyond?With BTC showing real promise for another run to all time highs, you can expect alts to follow king BTC. OXT is no exception and while messy of a chart (Hey as long as i understand it right?) we can see OXT reaching the .50s once again. I also can see the possibility of it breaking the resistance trend it has been respecting for many months. Crypto rewards the bold and patient, if you are hanging tight, you could be making some serious money on this one -- in my humble opinion.
OXT Primed to go upAfter measuring the current descending triangle, it's looking like we going to see prices reach .31. Of course, if BTC has some significant positive price action, we could see it reach this level and beyond in this next wave.
