OXTUSD trade ideas
Which interpretation to win short term? $OXTDecending triangle or falling wedge
Bias bull but could go either way
OXT cup and handle cup and handle formation, looking for a brake out from current triangle. target .60, support .44
Ascending channelAscending channel. if we break near .5 fib then the measured move would put us around .635 area. Which lines up with resistance from the original move up.
Trend.Old triangle resistance becomes support and creates new falling wedge. breakout ideas that reach out to fib
ORCHID (OXT) MAY JUST BE GETTING STARTED...After rising more than 6x in a month, and then falling back, many traders think OXT is done. But all good trend followers know this could be the beginning.
OXT tried to take out the all-time-high but failed. If it makes another attempt, and succeeds, there will be nothing but clear blue sky above the price, and that means no more unpleasant selling pressure from people who bought at the first peak late last year, then HODL'D, lost nearly all their money and are now desperate to sell at their breakeven point. This is one of the psychological factors that often causes stocks/cryptos to soar once they pass their previous all-time-high.
I am waiting for the current short-term pattern to mature and hopefully break out to the upside. If it does, that's when I'll buy, as the risk/reward will offer the possibility of a big win, with my stop-loss ensuring very limited downside.
OXT rip soon?OXT pulled off a 300% run recently and retracted to the 100% and mark and has been consolidating now. This seems like a bullish pennant to me. So, I'll throw a few dollars at it. Bought at 0.62 and 0.48
$OXT Symmetrical TriangleWe've had a lot of sideways movement since the run up to $1. I'm seeing a symmetrical triangle on the 1 hour chart and we'll hopefully see another leg up for reversal. Will update with any invalidations or continuations.
OXT looks bullishGreat project, I am using Orchid VPN as I write this post. Tiny market cap, who is the competition? Basic Attention/ Brave? Yet to see any of their solutions...
Long and short of it. Looks bullish.
OXT holding a 15 min and continues to be suppressed by downtrendbullish signs - following uptrend
bearish signs - making lower highs, following downtrend
Short $OXTUSD for $0.28Short $OXTUSD for $0.28
Note: I do not have live trade on this. this is just an idea.
OXT Looking like in a crucial point.Its looking like OXT is in a crucial point, assuming it follows the old addage of filling 80% of its pattern before breaking. This could break to the upside. The wicking and candling do appear as though the market is trying to set it into another bullrun, as Gemini has spiked up to .61 over the past few hours and fallen back down.
