OXTUSD trade ideas
$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 $27 billion VPN industry. The growth potential is high as it is not listed on all major exchanges. Binance and Orchid followed each other on Twitter recently and it is only a matter of time.
Amazing Pomp on OXT Orchid Loading next?Impressive Gains was from 0.17-0.24cents after 0.24-0.50cents, then 0.50-1$
Now we see forming the same chart as was in 0.20cnt are!!!
Volume Decrease til finally pumping.
Loading time!!!
Bull flagOne hour chart showing strong consolidation within the $0.68 to $0.72 range. I'm predicting a continuation to retest the previous ATH at $1.
OXT on the 1hrHi,
Trend is finally old enough to make sense on the 1hr. here is the new chart with 1hr levels.
OXT great buy if we hold and bounce off $.54. New ATH coming!We should bounce off $.54 and then back over $.75 and make as new support. Then New ATH!
Orchid breaking out against $BTC now $OXT bullish - Above $0.20$BTC holding and $OXT breaking out against BTC. Long in USDT pairings to max gains.
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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Has potential hereMACD looks good, trend line has been respected if we breach and hold could be a good play. Tiny market cap, won't take much to make it fly.
OXT support levelsCongrats to those that secured profit at $1
We are currently in distribution and would stay away until OXT finds support for another run up. I have my short support levels shown.
OXT Utility and Development OXT also known as Orchid built on the Ethereum Blockchain is the first crypto that I’ve seen that has a real life use that is available to be used by VPN users to maintain privacy between server administrators and end users. This prevents user’s browsing and other internet activity from being under risk of subpoenas.
I downloaded Orchid from the App Store yesterday and have been extremely impressed with the app design and the user experience through their user interface.
So, not only is there utility to the coin through the VPN implementation, but this effort proves that OXT is not merely a pump and dump coin, no, they clearly have a development team who is swinging for the fences with big metal bats (capital).
Revenue generated from the success of their app just increases the size of the proverbial bat. Lastly, Binance does not yet list this coin so there will be a huge buying wave when (not if) it is listed on binance.com and binance.us
