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OXTUSD trade ideas

OXT lookin for the breakout soon.What a wild week it's been. At least for me - the trader who can't put his emotions aside. But I'm learning how to keep those diamond hands strong. I believe OXT has been consolidating since it's high of 0.79. Currently it's looking to break out of the symmetrical wedge. If the 4H candle closes above the previous candle or even better yet, above the wedge, we should see a break to the upside for that elusive dollar. The next 12 hrs should confirm our long signal. Target Price #1: 0.94 Target Price #2: 1.18 Target Price #3: 1.50 Good luck, trade safe and know that anything can happen, even to the downside.
COINBASE:OXTUSD
by FloppinFish
1
OXTUSD Could Be Fueling Up For Another RunOverview - Overall, still very bullish on OXT and I believe great things can happen to this coin as long as BTC does not dump. Since we are still in the triangle, there really isn't too much more data but hope this helps yah out at least a little. Let's start from the top! Price Chart - Plotted a trendline that followed the new higher lows(light-yellow) off the U-shaped price pattern that is being created inside the flag. Same pattern that started it all - Since BTC dumped a little, this trend could be a little broken if the 4hr doesn't close above the line - very bullish as long as we stay above the strong support of $0.56 - Tomorrow will start the three day range( days 8-11) since the last high so we'll see if a break out occurs (really just curious to see if my weird calculations are accurate) RSI - 44.9 value is holding nicely on the RSI. Break above the 60.0 value and good things are to come - Why 60.0? Price has bounced off this value lots of times in the past so breaking this would add to the bullish argument MACD - OXT is having a tough time shaking selling pressure but still holding it's ground above bullish levels I do my best to bring all the data to the table so 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 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
COINBASE:OXTUSDLong
by MoneyGrind
6
The truth is Neo, you are a slave...I imagine that right now you are feeling a bit like Alice. Tumbling down the rabbit hole? Hmm? I can see it in your eyes. You have the look of a man who accepts what he sees because he's expecting to wake up. Ironically, this is not far from the truth. Let me tell you why you're here. You're here because you know something. What you know you can't explain, but you feel it. You've felt it your entire life. That there's something wrong with the world, you don't know what it is, but it's there. Like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. Do you know what I'm talking about? You generate a lot of data. Major corporations makes billions annually from that data. What do you get in return? Insomnia, mental illness and a few memes. Starve them with Orchid!
COINBASE:OXTUSDLong
by Hazel-Ra-Owsla
7
Worried About Your OXT? Read ThisOverview - We all know charts contain data that's waiting to be explored. Since we now have more data to work off of after the previous breakout, I found something that made me feel pretty relaxed and hopefully it does for you too! Price Chart - I don't normally look at the 1hr chart but when I did I wished I looked at it a lot earlier. The bullish flag pattern really is only made up of two lines with the resistance line having the sharper of the two angles. With the new data, we can see that $0.56 is an area of support for this flag. We can also see that the $0.56 area has been tested multiple times and price even quickly jumped back above it when ALT prices were falling double-digit%. - On the day we almost touched $0.80, I did some weird calculation and came up with a range of 8-11 days before we see a break to the upside. We are currently at day 6 and in a couple days(Day 8), the 20-day moving average will be coming to get real close to the price if it continues the way its going. Could this be when the breakout occurs? Interested to hear what you guys think RSI - The secondary bounce line(lower red line) is proving to be useful. You can see that the only time it was broken was when the ALT's tanked temporarily, then, quickly shot back up above the line. BTC - Remember, if BTC decides to crash it's most likely that OXT will too. I do my best to bring all the data to the table so 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 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
COINBASE:OXTUSDLong
by MoneyGrind
15
Possible Patterns For OXTUSDOverview - OXTUSD has been quite unpredictable all thanks to BTC price fluctuations but I hope this can still provide some type of an idea on what OXT could do next. Let's start from the top! Price Chart - Added two possible patterns, the falling wedge and the inverse head and shoulders. Both of which, would not be considered your "text-book" examples as they are not perfect, however, they are bullish patterns - Would like to make separate ideas on these trading patterns so stay tuned! - With BTC getting closer to 50k, we're starting to see some more volatility within ALT's. It's possible that if BTC breaks 50k, money could be poured back into BTC and away from the ALT's. OR, everything could benefit from BTC's ATH. It's hard to say since we have never seen cryptocurrencies at this current level and frustrating to me because I only want to give you guys the right data. Could we start seeing massive pull backs occur and in a couple years have 50k be the new ATH to beat instead of 20k? Really interested to hear what you guy's think. MACD - Last time we fell under the green line it led to a breakout, could we be seeing the same thing again? Stoch - Certain that the stoch indicator will fall back to the yellow line and bounce off. This could indicate a time to add to your bags or enter a trade position(risky at these levels) RSI - RSI is doing a great job of bouncing off the red line on the 3hr. Hope to see this pattern continue I do my best to bring all the data to the table so 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 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
COINBASE:OXTUSDLong
by MoneyGrind
19
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
OXT - The case for $1.25 PRICE TARGET!Is OXTUSD only halfway to the moon? Hello traders. I have reason to believe that OXTUSD could touch the $1.20-$1.32 mark within one month, maybe weeks? Here is my case briefly bulleted. I'll allow you to decide whether any of this makes sense or not and can add confirmation: Preface. Interesting Data. Potential Fractals: - On Coinbase, OXT hit and introductory body high in Dec. 2019, which was at about 66 cents. - Wick high in Dec. 2019 was 75 cents. Wick high then increased 8 months later by 25 cents and went to $1. Is it possible this pattern repeats once again? If so, we can track 8 months from our previous wick high, to a projected new high of $1.25, an increase of another 25 cents. - It is interesting to note (though not an indicator) that by doubling OXT introductory body high of 66 cents, we end up roughly in the ball park of this $1.25 price projection as well @ $1.32. Additional fractals: - Additional fractal patterns can also be observed with amazing consistency: - 80 days from initial body high, OXT hit a new low. - 160 days from that low, OXT hit a new high. - 80 days from that new high, it hit another low. - If the previous patterns repeat, we can track the time from the previous low, to a projected new high in around 160 days, give or take a few days. - Each recession measured almost exactly 50 cents. - If we double the 50 cents fractal from our previous low of around 20 cents and add this $1.00 value to it, the final target is $1.20 All of this data is exactly consistent with where many cryptos are ending up in the current market, which is at about a 3x multiple of their 200 day moving average. At it's current rate of increase, we can project the moving average to be right at or around 40 cents by the end target time frame of 160 days. 40 x 3 is ...$1.20 We often see chart patterns consistently repeat in market movements. Repeating patterns can be used both as future potential indicators of price action as well as confirmation of current sentiment. One additional note worth mentioning as additional confirmation here is that Bitcoin recently fell through some fairly strong market dominance support at %62.3. Next support levels are %59 and %57 respectively. Such events are only more good indication news for altcoins like OXT. I will be entering this trade with some of my reserve cash and holding till we reach approximately $1.00+. OXT is not done pumping yet. To the moon! I wish you the best traders! Thank you for liking/subscribing and supporting. Comment below if you will enter this trade and/or have any additional confirmation or contra-indicators. Best of luck traders!
COINBASE:OXTUSDLong
by stewdamus
8
OXT/USD Possible 36% Gains Soon ($85)It's not for certain obviously, but Orchid is looking like it's behaving and obeying the trendlines for now. I feel it's been fairly predictable thus far; let's see if it continues so we can cash in on a solid 36% gain. As always, wait for the confirmation, utilize a stop-loss, keep your eye on the target and enjoy the ride. * This is not financial advice; trade at your own risk ** I provide TA for all 37 USD-paired cryptocurrencies on Coinbase, including Elliot Wave count, and post my most potentially lucrative swings here for your benefit. If you find these helpful, please follow and check back as I'm usually looking for new opportunities each week to make good money in crypto swing trading. Safe trading to all! Jalapablo
COINBASE:OXTUSDLong
by jalapablo
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