DING DING! Round Three Has Begun For OXTOverview
- Overall OXT is getting even more bullish being above the 20MA and Stoch activity. Let's start from the top!
Price Chart
- Chart is represented in the daily timeframe and is mixed in with the 20/50/200 MA lines. Lowest is green
- You'll also see two flag patterns, a micro(smaller) and macro(largest), break the macro and could see another run up to $0.74
- Would like to test the 20MA and then bounce up to higher prices. Break the macro flag and great things could happen
RSI
- RSI you will see the channel plotted with OXT in the makings of starting the third round up
- Expect to hit the green trend line on the next break up, if it does make contact, could also expect some selling
- It's normal to take longer before the next round begins and at this time we are currently longer than the second round RSI length
Stoch
- Before each round began, you'll see the stoch indicator quickly shoot up in the beginning. Current stoch value could be indicating that the third round is beginning
- When the next run occurs, would like to see an ascending pattern as that led to a 251% gain over time in the previous run(second)
Bitcoin Dominance
- The lower the value the better odds for an Alt Season to arrive. We also seen a break to the downside which is what we want to occur
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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
