Orchid, Lets see if history repeats itself???!!! Volatile!!!As you can see on the 4hr chart, the price has reached the bottom line of the channel. The price has retraced 0.618 from the previous rally. Lets see if history will repeat itself. If you want to enter for a position, be extremely cautious, this is a meme coin, the fluctuation can be crazy, super volatile. Volatility is bi-directional. If it goes down, it can turn ugly as well. Be cautious. Not a financial advice. Let me know what is your thought.
OXTUSD trade ideas
OXT vs LPT A VERY IMPORTANT PATTERN IS EMERGING!!!I have been following this pattern since September, and I'm sharing it with you since I believe it's an important one to be aware of... I share this for those that have loyally followed my work! Cheers! If you look carefully, this pattern
can be found on many Altcoins...I'm fortunate here with OXT since I bought it at a much lower price, and I can afford to let the pattern run out, especially if it challenges the lower trend line of the "Launching Triangle".
Regarding the labeling of this chart, it's not necessarily Elliot Wave, but rather, a way of identifying the pattern. So, don't freak out with the labeling!
Have a great day!
Cheers!
OXT - Elliott Wave 4 almost complete - wave 5 to come!OXTUSD has painted a wedge/triangle as a wave 4. Wave 3 went to nearly $0.75, and now wave 4 is nearly done. Wave 5 is about to come and should get back to $0.75 and go beyond it! With Pantera capital as one of the investors in OXT, we should easily see prices above $1
Not financial advice.
OXT 1HR - PUMPING BUT RSI HIGHOXT is doing very well but RSI on the 1H, 4H are very high. Possible cool down before a potential next leg up (similar to the last pattern).
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
OXT consolidation before breakoutOXT has been consolidation during the second part of October and found support on technical area, Daily MM100 and Weekly MM20.
Im expecting a bounce from here which would take another few days to develop with a slow increase before a potential pop targeting 80ct.
The signal for a return of the bull would be given by MACD Daily turning green or a break above the 50ct.
As long as we are above 34ct my plan is not changing and i still see it as buying opportunity on mid term time frame
#OXT Orchid 1D ChartOXT hasn't touched the top of the trend line in over 200 days as shown in the chart. RSI seems to be ready for a nice move if the upside comes. Let's see!
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
OXT Middle range for top rangeOXT had a strong breakout of 44ct / 33ct which is the centre of the range with high volumes.
Im expecting the prices to retest this area, MACD Weekly has just turned green and the Daily is also bullish. OXTBTC pair seems to have find support and if confirmed could push the usd prices higher.
Anything between current price and 40ct (35ct as max bottom) should be seen as buying opportunity with 1st target at 80ct.
OXTUSD Orchid Hit 48 CENTS Resistance Exactly. Now Where To NextThe previous video explained the bullish behavior of OXT.
Inside bullish triangle
Consolidation phase nearing an end
Testing huge resistance many times
Etc. (see link to Related Ideas below)
In this video, I analyse the greatest probability of where OXT goes next:
Currently hitting our heads on resistance at 48 cents
How strong is the 48 cent resistance line?
Where did the 48 cents resistance come from? How did I develop it?
What will OXTUSD do next? Greatest play scenariors.