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OXTUSD trade ideas

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
Make OXTUSD Your Valentine This HolidayOverview - This altcoin will be having an interesting future as long as BTC does not dump. If your short on time, know that OXTUSD is still very bullish in my opinion and has some more gas in the tank. Let's start from the top! Price Chart - Made flags easier to see (with time frame) from starting high to breakout - Added $0.59 primary support and $0.49 as secondary support - For the current flag I would like to stay in this area 8-11 days to continue the pattern of breaking resistances and setting new supports - If you're interested in how I got 8-11 range, 1) I did 6/4 which was 1.5 and multiplied by 20% to adjust for higher volatility from higher prices which = 0.3 2) Added 1.5 + 0.3 to get 1.8 3) Multiplied previous day length(6) by 1.8 to get 10.8 to get longest date 4) To make range, subtracted 3 from 11 to get 8 5) We'll find out if formula will need adjusting in future but an idea is better than nothing - If BTC does not crash, expect a bounce or breakthrough $1 on the next rise up MACD - When MACD line(Blue) passes Signal line(Red), notice that a couple candles away from that crossing, the high was set for the flag. - Notice that after every time a breakout occurs, the next breakout tends to have a longer consolidation period - Negative momentum will be seen soon, hopefully in the shape of a "U" like the second flag negative momentum Stoch - Could either bounce off of path 1 and have higher prices(In flag) or slowly fall to path 2 which is what I would like to see since the previous declining stoch pattern ended in a breakout RSI - Would like to see us bounce off the green trend line for a couple days, then break to the lower red trend line to make that double bottom to help prepare us for a big bounce to $1 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
12
OXTUSD And The Journey To $1Overview - Hope you guy's have been enjoying MORE green candles. I sure hope you didn't short due to seeing the all the other ALT coins popping off before this one did. Let's start from the top! Price Chart - We just about hit $0.80 which is crazy! I do expect us to keep going to the upside whether that be before or after consolidating a bit, maybe forming a bullish flag? - If we did form another bullish flag before going up I could see $0.67 as the current support, if we do see this I'll mark it on future ideas - Would like to see this coin get above $2 - Weekend will be interesting MACD - I added another trend line (yellow) that shows the tops of the positive momentums. Could we see negative momentum before going back up? Possibly (what'd I like to see so it's not another pump and dump) - Positive momentum is only half the of the previous all time high so could be a sign we're not done yet? RSI - As of this point we are extremely overbought so I wouldn't be surprised if we dropped in price and consolidated for a little bit. This sort of activity would be great for the RSI - RSI could lower to the 80.0 before going back up as that is a typical spot where the RSI likes to jump in the past 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
9
OXTUSD - Still pumping. New target 56 cents!TLDR: Previous post showed our CUP AND HANDLE pattern with target @49 cents. However, OXT does not appear to be finished. Bull flag formation presently occurring. New target = .56 cents. Hello traders. If you've been following my posts on this ALT and have been trading along with me, then you've done well. I congratulate you on your success. Though I took profits at 50 cents and closed the last trade (), I have re-entered this trade at 41 cents. Reason? You can see from the chart, OXT still appears to have momentum. The bears have not been able to reverse this down to previous levels. Resultantly, a BULL FLAG has been forming. If I take the height of the last bull move, clone it, and then estimate an exit from the flag, I come up with a 56 cent target. Not bad! Let me know if you all are seeing similar trajectories and if you have entered this trade by commenting below. As always, I wish you the best!
COINBASE:OXTUSDLong
by stewdamus
OXTUSD Still Has A Long Way To GoOverview - If you're short on time, OXTUSD is still very bullish in my eyes because it continues to break resistances and make new supports. Now let's start from the top! Price Chart - We finally broke through the $0.48 resistance and even went upwards toward $0.52 before testing the new support $0.48 . - Horizontal line on the chart is the previous resistance and as you can see the current 4hr candle tested the support and bounced off indicating the buyers are still here MACD - Added another trend line(yellow) that indicates where the MACD and Signal like are bouncing off of, hope to see that trend continue Stoch Indicator - Stoch indicator is currently saying it's a risky buy in area by being above 80.0 but hopefully you got in when it was in the 20.0 values as you're now up 30%! RSI - You'll see that we broke the trend line (Green) and almost immediately went back above it. This is bullish to me and lets hope it continues to bounce off these lines - Could possibly a test of the RSI line another time before we go up further 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
8