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.
OXTUSD trade ideas
OXTContinued correction with hopefully a good bounce from 45 cents. We are in a bull market so overall I am long.
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$OXT Bullish ContinuationTechnical Analysis
$OXT did a healthy retrace and found support. Stoch RSI showing oversold and MACD looks like it is about to make a push up. We'll see where this goes by the end of the day.
Fundamental Analysis
Orchid Protocol is backed by the largest VC in Silicon Valley Crypto space.
a16z
Sequoia Capital
Polychain Capital
Orchid Protocol was founded by a great team
Gustav Simonsson - one of the core developers at Ethereum that focused on blockchain security and helped launch Ether
Jay Freeman - Software engineer and developer of Cydia software for jailbroken iOS devices
Dr. Steven R. Waterhouse - Led cryptocurrency investments at Pantera Capital
The market cap for Orchid Protocol is very small in comparison to the top 100 coins (based on market cap).
$OXT current MC: ~$40 million
100th coin MC: ~$100 million
Orchid Protocol has a functioning application for a decentralized VPN, plans to release a windows version soon, and is part of a $27 billion VPN industry. The growth potential is high as it is not listed on all major exchanges. Binance and Orchid followed each other on Twitter recently and it is only a matter of time.
OXT.usd parabolic rise with the Golden Fib, now at Key SupportOXT exploded, perhaps on news of partnership with LINK.
The parabolic rise is a typical example of "Golden Growth".
Such Golden Fibs have some commonalities to be noted.
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My "Book" detailing my Methodology with Numerous Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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