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
