Get started
OrchidOrchidOrchid
#363#363#363

Orchid

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Markets

OXTUSD trade ideas

Next Step For OXTUSDHope you all enjoyed waking up to higher prices! This time we'll talk about what the next possible steps will be for this coin. Overview - If your short on time, overall OXTUSD still look bullish and needs to break through the $0.48 resistance in order for us to see $0.53. We also could be forming a bullish flag Price Chart - I added a bullish flag pattern to the chart in hope this is what occurs. It's possible we could be staying in this area longer ($0.40 to $0.48) , however, if we break that $0.48 resistance, great things are to come. MACD - The momentum had surged to the upside but it had stayed along that green trend line. If we break $0.48, expect that to change Stoch Indicator - This is why I incorporated this indicator into the mix. If you bought in when the indicator was around the 20.0 value, you're already up 20%! RSI - We're finally starting to see that long awaited rise in the RSI, however, we are only at 65.0 so we are neither oversold or overbought. This area (65.0) is an amazing RSI to be at because it sometimes leads to large rallies. - If you need a quick refresher, oversold is when the value is less than 30.0(Lower the better for longs) and overbought is values over 70.0 (Risky buy in area) 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
15
OXTUSD Getting Closer To That Time!Hope yah all had an awesome Super Bowl Sunday! BTC is now setting ATH's so hopefully altcoins follow! Overview - In this Idea I show some new data that is coming in with the bullish OXTUSD price chart starting from the top Price Chart - If we look at the previous rise pattern, you'll see that after the price fell about half of the rise, it steadily began to rise before it suddenly popped up again. Could it be possible we see the same thing again? Lets hope MACD - On my first idea I was not a fan of the MACD, but as I look at it more it's starting to look better an better for two reasons - 1) Looking at the MACD (Blue) and Signal (Orange) Lines, you will see that as soon as it hit the green trend line created by the positive momentum, the lines started to shift upwards so we can hope that this pattern continues - 2) Selling pressure is starting to weaken which could lead to the momentum to turn green resulting in a higher price Stoch Indicator - As noted in the last idea, the stoch indicator was falling to the 20.0 range which I interpreted as being a great place to enter a long position or add to your bags. If yah did you're already around 8% up! - Now we wait for it to return to the low range RSI - Pretty much nothing has changed here. We continue to bounce off the green line (Created by the trend of the previous RSI low and when dip occurred) - However! I did notice that the RSI level that is represented by the red line, was the SAME level that the previous ATH bounced off. Could it do it again? 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
10
OXT to $1+ soon and possibly $2?OXT has bounced off several times off the 0.236 fib level around $0.3833. The bears seem to be losing steam. Currently into a triple bottom setup in the lower time frame (15m). If OXT can manage to break above $0.43 soon. We will likely see the breakout from the 0.386 fib level soon after. The measured breakout target currently is upto $1.12, the upward longterm channel line is around $1.20 if broken the breakout measured target from $1.20 will be around $2.
COINBASE:OXTUSDLong
by PenguinOffisial
15
OXTUSD Is Coming Closer To Making A DecisionOverview - BTC falling $2,000+ had a slightly negative impact on the OXTUSD price, however, long-term this may prove to be a good thing for several reasons Price Chart - Currently the price is nearing $0.40 after just testing the $0.39 support. My thought is as long as we stay above $0.38 support and BTC doesn't crash, the long position of reaching $1 is still in play Stoch Indicator - We are now getting closer to the oversold territory (Anything under 20). This means we now have a safer window to enter the long position or add to our bags RSI - In my last post I mentioned the formation of the "W" that could possibly play out. We are now at the stage where we could possibly see a break to the upside in price that would complete this structure. The RSI could also go up or down again making a "W" with two middles before going up, or BTC could crash and the RSI would continue to fall to oversold territory If you are in a long position in this asset you must continue to be patient and sipping your wine as these price fluctuations shouldn't be anything to worry about 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
2
OXTUSD Looking Beautiful With The Recent DipOXTUSD is still very bullish in my opinion and I'll tell yah why starting from the top: Price Chart - The support at $0.39 was successful at holding with a quick bounce back up to $0.41 - Remember, a higher low was still made during the dip down MACD - Only indicator I'm not a fan of because the selling pressure has increased from the previous negative momentum - However, there is a ascending pattern with the positive momentum so it's possible that pattern could continue ( My gut tells me not more than five bounces and we currently completed three bounces) Stoch Indicator - Been using this indicator for awhile now and I've seen that when the descending pattern continues until reaching oversold territory in the RSI(Below 20) the prices go up greatly. (Look at RENUSD 4hr stoch example) RSI - RSI is a traders best friend. Incredible bounce that occurs at the 50. as this occurrence usually signals a upside in price when it bounces off the horizontal line of the previous RSI low OVERALL PREDICTION - With 3 of the 4 indicators showing bullish signs it's looking like a return back to $0.48 and after that hello $0.53. Be patient and relaxed, good things to come 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
5
OXTUSD Bullish Setup (50%-300% Profit Potential)(Inverted chart) Orchid is a decentralized VPN service using blockchain technology to offer a more competitive pricing structure along with a faster service for users. This altcoin has been beat down while Bitcoin ran from 10K to 32K. My thesis for this trade setup is simple, as Bitcoin has its much needed correction I believe this altcoin could make a move to higher prices. The moving averages are currently bullish as the faster moving average is still below the slower one. Another reason to consider the trade is that the Commodity Channel Index is indicating a buy signal relative to my trading strategy. With the market-cap currently trading near 80 Million it wont take much to move this coin to these target prices. Lastly, respect the stop-loss level as Bitcoin could dump and drag the altcoins down with it. If you get stopped out you could always re-enter at lower levels. Don't let the market turn you from a swing trader to a bag hodler. Entry: $.23 Target 1: $.35 Target 2: $.50 Target 3: $1.00 Stop-loss: Sub .20
COINBASE:OXTUSDLong
by Theinvertedtrader
2