OXT SUPPORT PATTERNOXT seems to bounce off the bottom support lines and then immediately zig zag up to the resistance line. I've highlighted some very similar patterns after coming in contact with the support line.
OXTUSD trade ideas
OXT is a STILL A STRONG BUY. Make 30%The bounce held true to the bottom of the triangle. Crypto is going a bit crazy right now but prices are okay again. OXT should be around .70 in the next 72 hours.
OXT is a STRONG BUY. OXT chart is not an ALT tied to BTC and ETH like other ALTS. Seems to follow Technical Indicators well. Stayed inside symmetrical triangle, seems to be headed north to .69-.73
OXT next stops base purely off of statistics
* Based purely on my statistical calculations (my profession)
I calculated the correlation between BTC and OXT and past corrections. Based on that our next stop is .41 then .54 then .50 then .59
We shall see! This is not financial advice, just a nut doodling calculations.
OXT Could Be Preparing For Round #2Overview
- Spent a TON of time trying to get this chart all formatted with as much information as I could for you guys so hope you enjoy. Long-term still bullish on OXT and I recommend following along with the idea description to make things more clear(unless you're an adventurous type) Let's start from the top!
Price Chart
- Let's start before the breakouts even occurred. At this time, OXT was in a channel and at the end of the breakouts, prices rose 119% from the top of the channel
- Now we could be in another channel for some time if the symmetrical triangle pattern does not play out. If another breakout occurs and rises by the same %, we can predict to reach $1.62 to be the close of the candle(could go higher)
- 20 EMA acted as a support, let's hope it continues
- Even if we fall outside the symmetrical triangle pattern, we are still bullish because instead we may just be in a channel
RSI
- Here's where things get interesting. To start, drew two ascending channels(green) inside a curve(yellow)
- We can see that before the breakouts started to occur, the RSI dropped down to touch the secondary line. Could we be doing that again now?
- Also notice we have an ascending trend when the RSI tries to touch the secondary line
- Used a curve because I wanted to see if it had any impact on a future breakout if it occurs
Stoch
- Also great stuff here. To start, drew two descending trends and a dashed line that represents the two lows
- Notice that the descending trends start just a little after the ascending trends in the RSI on both sides
- The "W" structure in the middle also looks fairly similar to the "W" structure that occurred before the breakouts with a sharp rise, drop, rise, and drop
Additional
- Don't have much info about this chart showing a double bottom or double top as both seem possible
If you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and 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
Bullish on OXT: Short term opportunity for 40% GAINS to .69Larger symmetrical triangle forming, OXT is still a great buy at .48 and should have a nice bounce up to .69 in the next 7 days. Larger bounce should take us to $1 - $1.25 range by mid-April.
'The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.'
Bearish outlook on OXTUSDIf no daily close above Monday high, we should see repricing to the 50 cent range.
OXT I'll be optimistic if the daily close is above .6150
If you accumulated, CONGRATS! If not, don't worry it's just another day in crypto. (I sold @ .67 and was waiting for a better entry, I had .5050 buy order...but I got impatient and reentered @ .60. Gotta stop doing that!)
Obviously, all coins were affected today. If we have a daily close above .6150 and BTC stays around 57K we should still be on track to our previous predictions. If not, it's back to the drawing boards. We might be in for some 40's and possibly 30's in the near future.
I'm extremely good at predicting the corrections and crashes (way more than the booms and moons) so ill be sure to update on here as soon the crystal ball defoggs a bit.
Not financial advice, just my la di da opinion.
Oxt tea anyone??Formed a beautiful rounded bottom currently forming handle side ways price action and up we go arrow pointed left is old ath 1.00 other alts currently creating new highs when oxt haven't touched ath why not be bullish?? This is pure speculation and not financial advice 😁☕🚀
continuation bet on OXTbreakout trade on the backtest targeting the measured move, then alltime highs i believe?
$OXT to $1.00? 4HR TF IdeaCOINBASE:OXTUSD to $1.00? 40% gains await us if so! The ride might be a choppy one if patterns continue. Let's see...
Massive C&H OXT Daily! Send it!Send it! a Close above the neckline will bring us to 1.20 Price target
OXT - Pennant & Ascending ChannelUPT: 75
DPT: 50
More power to all your trades, my friends!
Ron
Intrepid_Trader
Break Through This And OXT Is Set For ATHOverview
- OXT is beginning to show some bullish price action that could lead to an even bigger breakout. Let's start from the top!
Price Chart
- Bounced off of $0.74 which isn't terrible but never good to bounce off resistances multiple times.
- Break $0.74 and great things will happen. Could easily see $0.85
- Created a channel that OXT could follow through before we see another breakout (Dashed line could be the place price bounces or it could be the solid yellow)
Stoch
- Looking like the yellow trend line was useful as the stoch value bounced off of it and appears to be in a channel as well
RSI
- Have a channel that the RSI has been bouncing in, could see a drop in RSI which would lead to temporary lower prices before another breakout
- What the daily triangle pattern looks like, thought it was interesting and has some "big picture" value
- Also what'd I'd like to see the price do. Don't worry about the time frame moves.
- If a breakout were to happen, could happen before we reach the end of the triangle pattern
If you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and 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
$OXTUSD - Wait for a triangle breakoutHello everyone!
Waiting for a triangle breakout on OXTUSD!
As it seems, the pair has completed the E wave of the 5-wave correction
Getting A Closer Look At OXT's Supports- In this idea we'll cover supports that OXT currently has and how these can add to the bullish argument
Price Chart
- We continue to see what looks like a symmetrical triangle pattern , which, usually have a bullish outcome
- You'll also see an EMA indicator with lines showing 20/50/100/200(Lower EMA is usually above the others)
- I think of the EMA as the longer the time period of the EMA , the stronger the support. EX) 20 EMA < 200 EMA (200 EMA is stronger)
- Price has now shot above the 20 EMA so as long as we continue to see price above the EMA's good things are to come
- 50 EMA has got our backs in the past price action so hoping we have it's support as we near the end of the triangle
- Worse case scenario we return to $0.59 -> $0.53 -> $0.48 but we wouldn't want that to happen
If you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and 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
OXT Just Needs That Confirmation To LaunchOverview
- Overall as long as BTC remains bullish and does not dump, OXT is looking primed for higher prices as long as it remains to stay above the red line on the price chart
Price Chart
- Cleaned it up a bit so that the triangle is easier to see. Great to see the price jump up to the upper half of the triangle as now the midline($0.64) could be used as a support that helps start the breakout if it is to occur
- Would like to see the price stay in the upper region
- Still in the breakout range I calculated(8-11 Days) with today being the 9th day
- Once broken out of the triangle, we could face a little resistance at the $0.74 area but hoping there is enough volume to blast through
RSI
- Put my prediction of where the RSI could be bouncing off in the future if it doesn't have an early breakout
- Did some math with previous RSI values and with some adjusting from the higher price breakout and got the value of around 95.36 where the next breakout could bounce off of due to selling
MACD
- Nothing new here, MACD line(blue) remains over the signal line(orange) which was the same thing that occurred before the previous breakout so could this be an indication for round two?
If you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and 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
Potential break to the upside on OXTNeed further confirmation and volume to support this break out of the wedge/pennant that has been forming over the past week or so.
OXTUSD: 1W What a grand disappointment ...As above.
OXT is a huge disappoint compared to most other ALT coin performance/gains over the last two weeks..... see BNT and UNI etc.
Bulls completely abandoned this coin in such a hurry and time has run out.
1D,3D, and 1W chart looking bleak for any last attempt at ATH.
Resistance above 0.7 just too much to overcome currently with this low volume.
Bears are going to rule the day soon once OXT falls below 0.57 again.
Good luck traders!
Positive Momentum Returns To OXT!Overview
- Overall excited for what this weekend will bring. Bullish patterns could be playing out due to BTC continuing to make new ATH. Let's start from the top!
Price Chart
- We are still staying inside the bullish triangle but OXT is doing it's best to break out to the upside
RSI
- Break above the green line and you could be seeing a breakout
MACD
- After a long negative momentum trend, we are finally starting to see some green momentum. Could this be the beginning of another breakout?
- MACD Line(blue) crossed the signal line(orange) which is the same thing that occurred before the previous breakout
If you 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 useful trading strategies and 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
