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OXTUSD trade ideas

History has a tendency to repeat itself.I’ve found that chart patterns frequently repeat themselves, and this occurs in all markets, whether it’s equities, forex, crypto, etc. You can find almost identical movement in every time frame. For OXTUSD's chart in particular, you can see a shape that’s similar to an “m” frequently through its down trend. You can spot this throughout the 5-minute, as well as any of the higher time frames. If you zoom out on the chart and look at the daily, we are making the same exact pattern that we made when OXTUSD was first listed. It’s nearly identical. I have the first big run it made as well as the sideways movement that followed overlayed onto its latest big run. So in my humble opinion, I don’t think this is where OXTUSD breaks out. I think we experience some slight downward followed by sideways movement for a while like it did before. ** Please note that I’ve only been trading since March. I am still very inexperienced. The ideas that I post are solely used to help me improve upon my own skills. I like to reflect on my ideas and see what I did wrong and determine how I could have done better. My ideas are not to be taken as financial advice. This is an update to my previous analysis on OXTUSD. **
COINBASE:OXTUSDLong
by CLAIR_V0YANT
8
OXT Due a Pump- BUT WHAT ABOUT EQUITY DUMP?FUNDAMENTALS: If you have done your research, it will already be clear that the Orchid Network is a great project. Here are just a few reasons why: Full release of Android, iOS, Windows and Mac apps recently. The application has been in beta testing over the past months but is now live. OpenVPN and WireGuard, VPN network providers have partnered with Orchid. This will increase user connectivity speeds and allow for network scalability. I use the VPN regularly with little to no issues. One may stake OXT tokens to become a bandwidth provider- this means that one is able to earn OXT through fees from selling their bandwidth to network users. Setup is currently the barrier to entry as it must be built from source code provided on Github. This is due to change soon! Orchid Network are developing an easy to use platform which can facilitate this. TECHNICALS: Bullish flag pattern/ descending wedge. Most people here will have already identified this, however, I am using Fib Retracement to speculate on where the next pump will end (roughly 400% from here- sounds like a lot but the market cap is only 17.3 million GBP).
COINBASE:OXTUSDLong
by HEILMA0
6