Very risky but has a chance for ATH. Does this #OXT have a potenVery risky but has a chance for ATH. Does this #OXT have a potential p&d attitude in the next few months?
OXTUSD trade ideas
OXTUSD Potential MoveGood evening/morning traders and OXT fans,
OXTUSD is forming an interesting pattern and might give us some profits. Please see the following key points on the 4 hourly chart:
1. Forming classic RSI and MACD bullish divergence for the 1st and 2nd low.
2. The 3rd low is a higher low: proving that the bullish divergence could be real for a trend reversal.
The potential pattern could be an inverse head and shoulder (not perfect because the right shoulder is lower than the left one, but the trend should be similar) if the price hits the neck line.
The neck line is a strong resistance so remember to take profit first. If the neck line is broken and the price holds, the 100% measured move of the target is at 0.2042 USD, aligned with a long-term strong resistance.
This trade is very speculative in my humble opinion. Do your research and make your own decision.
HakoneDream
Not a good lookJust calling it how it is. Potential double bottom from .12-.10? It's also almost oversold on the daily RSI so it's possible to have a higher low.
A View of OXTIn a previous chart, I had mentioned that OXT may move to the downside possibly to the .1600 level. With the exception of the slight breakout of the bearish trend line, price still shows respect for it. A fairly new coin, it has for the moment found it's bottom. Meanwhile, as it has been in accumulation with several bursts to the upside. It has now pretty much over extended itself during its upward push and now needs to come to rest for another accumulation period, IMHO.
OXT poised for rebound?OXT has been nicely growing in the channel. It’s at a decision point. Will we see rebound and continued channel growth or will it break out of the channel heading for $0.1800?
Gotta see if she holds it boysThat last push brought us out of triangle.
Wait for confirmation.
Support at previous 4h open @ 0.20 region (aka top of triangle)
OXT possible retracementHere are the support structures to beware of in the next few hours if OXT retraces pay attention to these key levels. I'm new t sharing ideas so sorry about the bare chart. the red lines are key structures.
Time for trianglesoxt has had some crazy spreads. Remember to ignore wicks when needed, as low maker volume will cause price jumps.
OXT is forming a clear triangle, and has been ahead of the market by roughly a day and a half. There is a good chance it may be stalled to see if eth will continue it's climb.
Small accum begins around 0.1975. Larger accum if it falls below 0.1950
OXTUSD Possible breakout! Seems like this descending wedge should break out here soon.. as long as volume picks up should be a solid play.
Every pump is followed by a dumpEverytime it's pumped, it gets dumped. Maybe one day it'll be the real deal.
Just a guessI predict we'll hit $.14 or lower, depends on BTC. I currently don't own any OXT, but I've watched/held for various lengths of time.
Whale manipulation The only OXT traders are whales.The volume looks fake. I'd stay far away. There is a lot of odd behavior going on. The price will stagnate for days and every pump is just sold off. The only thing keep it up is 1-2 whales. If BTC did poorly, I wouldn't be surprised if we saw .10-.12 again. I'm not sure how OXT has manage to slowly go up while also looking like it's being sold off. Are whale's accumulating or is no one trading this coin?
Remember that in Q2 of 2018, 85 million tokens were bought for $.50 each.
OXTUSD Trying to breakout, after that, there is not much between breakout and price discovery.
Volume will need to step in, or it'll take a much slower route up.
OXT/USD IdeaDescending wedge: Check
HS Pattern: Check
Support: Check
EMAs Crossing: Check
We are cleared for take off.
