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OXTUSD trade ideas

OXT - Does history repeat itself?My two previous charts on BTC were woefully wrong, but here's one I think might be a little better. I'm in this one myself, although not on leverage. As during the previous breakout, we see a breakout from the triangle and a wick touching the resistance zone represented by the purple rectangle. Previously we saw a similar kind of resistance zone on the prior breakout, which took four days to break through before a violent pump on the fifth day. We saw similar RSI conditions on the day chart at the time, with the MACD displaying a slow rise above the breakout and very low volume above the triangle, giving the impression of a weak or false breakout. I feel that if OXT can stay within this current consolidation zone, that should give it the power to experience a massive pump. But, as always, in this market, we shall see. The fear of course, is a drop off, and this fear might shake some people out. Keep in mind however that when bitcoin ranges near all-time highs as we are seeing now, money flows into altcoins, and every indicator from this morning seems to say that altcoin season has finally begun.
GEMINI:OXTUSDLong
by FraterOculus
3
OXTUSD wake up and smell the orchidsThe OXTUSD chart looks unbelievably bullish. There is a huge amount of resistance between here and the ATH from Aug 2020, which I've marked on the chart based on price action. You can extrapolate from the price action at this point to create a few cup & handle setups with targets in these zones, and I think it makes sense to take a bit of profit at each resistance zone with the goal to reload at slightly lower levels on pullbacks. The real targets, however, are above the all time high. If you draw the uptrend resistance line from the first to the second ATH wicks, it is absolutely valid, but not parallel with the uptrend support. If instead you draw the same line from the first ATH daily close to the second ATH wick, it is unusually parallel to the uptrend support -- I will call this line the uptrend ceiling, and consider it valid. If you play with Fibonacci extensions created from the last impulse cycle, you will find a few fuzzy targets up near the $2 range, almost 10x from the current price. I have marked the confluence of these Fib zones with the uptrend ceiling as super target 1, 2, and 3. These are my primary targets for the year if a bull market in alts materializes in 2021. I have also marked targets 4 and 5 based on distant Fib extensions, but I consider these far less likely to materialize because they are above the uptrend ceiling. In the case of a bearish breakdown, I have also marked some weak anchor targets that weren't picked up in the last cycle. I would honestly be shocked if the price fell below the support levels drawn on the chart, but anything is possible in crypto and stop hunts aren't out of the question. As always, let's see what happens!
COINBASE:OXTUSDLong
by swilton
3
OXT headed to $1 in the next 35-40 days!If you like my idea please hit that like button and let me know! Feel free to comment your ideas below! We've found support along the trend line and are going to head toward the median line on the pitch fork, I believe we'll hit $1 in the next 35-40 days, hold tight as this could be explosive. This is a great entry zone with a stop loss around the 20 cent mark, this is not financial advice, please trade at your own risk and do your own due diligence. Cheers!
COINBASE:OXTUSDLong
by lolimssulose