OXT about to retest up trend.Updated Chart OXT about to retest up trend. Lets see .65 hold and then to .75 we go!
OXTUSD trade ideas
oxt showing signs of weakness for short scalp look at areas to take profit on the white lines. price dropping under moving averages. could be a good move short term
use this link for free oxt on coinbase learn and earn section
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OXT.usd Parabolic launch ran out of fuel, now in Retrace watchXOZ shot up with two "Parabolic" waves and is now retracing
Looking for supports at confluences of Fibs from two series.
If this was NOT a pump-n-dump, then it needs to bounce soon.
50/51 cents is the obvious first support, round number plus fibs there.
45/46 and 42.43 are next supports but neither will be as strong at 50
38/39 should be very strong support, and is " Bulls Last Stand".
My previous analysis, a heads up of the Parabolic waves:
$oxt broke up but still need to break local highIf .75 breaks, $1.00 should be up for grabs. Watch closely to the reaction there and plan accordingly.
$oxt symmetrical triangle?Thought it was forming a bullish ascending triangle earlier today but, the market is leaning towards rejecting these patterns and bullish patterns aren’t being playing out ($link at $3) and yes I understand both these assets were moving at well over 200% gains in the movement.
Let’s see if this plays out. I’m still looking to take this asset out of the pattern, how ever it develops and watch what happens with the $1.00 mark.
Pulse of an asset in Fibonacci: OXT is born with "Golden Growth"This type of growth has been called "Exponential" or "Parabolic" by many analysts.
This occurrence is actually NOT very common in markets at a scale we can see.
This DOES occur at microscopic levels but is difficult to capture at those levels.
Most moves are "Linear" growth such as 2.618, 3.618, 4.618, as most of my plots.
But once a while we will see this " Golden Growth ", 2.619, 4.618, 6.853, etc.
This can occur early in life, or later during a "ReBirth" like BTC in early 2019 .
But this growth pattern is the ONLY manner in which things grow in Nature.
It applies from the length of your finger bones, to the arms of a spiral Galaxy.
It makes sense, 1+1=2, 1+2=3, 2+3=5, 5+3=8, etc. A natural means of growth.
This particular specimen is OXT (Orchid) recently launched on CoinBase.
It has since grown by leaps and bounds (literally) with over 300% gains.
Each expansion and each retrace have been in sync with this Fib.
So will it now crash and burn? or will it reach for the Next Golden Fib?
Of note, it was not able to reach the blue 13.706 ratio before pulling back.
If it comes back to a fib and bounces with a " Ping ", that is when to buy.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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Oxt reformulated my idea Re drew some trend lines and was looking at price on too small time frame. Looks like it could bounce around a bit before making another ascending triangle. It we head towards 1.00 things could get interesting. Sold at .65 and will re enter on a retest of the top of triangle if it breaks out later today. Not financial advice!
$oxt maybe a buy at $.56Oxt broke out of ascending triangle downward and should see support at .56.
Coinbase coins, newly added moved up a lot and had a blow off top to .72.
Potential buy at .56
Let me know your view of this coin.
