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OrchidOrchidOrchid
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Orchid

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OXTUSD trade ideas

$OXT. Room to grow makes it unpassable.$OXT has been underperforming compared to the rest of the crypto-market this year. In a market where almost every coin has had it's time in the sun you almost can't pass up on the coins that haven't seen 1000% growth on the year. The price action is a little sloppy, but the potential for going 3x or 4x from where current price is makes it impossible for me to keep it out of my active holdings. Missing a 3x or 4x-er is the same as having 4 positions go to absolute 0. This is a numbers game.
COINBASE:OXTUSDLong
by emehoke
1
Charting Works! OXTUSD Target .85 CentsI know, I know. I haven't always gotten it right. But, by and large, my understanding of technical analysis has helped me to net gobs of profit. Here's an example of my most recent trading activity on OXTUSD (which I still believe will hit $1.25+ before this year is over). Notice how my first trade noted on the chart was a stop out. Always, always, always put your stops in kids. This is both a smart and humble approach to trading. It is like saying, "In case I am wrong, I will sell here". And then the machines automagically do the work for you. This was what happened to me the first time. The rest you can see on the chart. A nice cup and handle has now formed on this chart. My bet is that we move to .85 cents area rather quickly. I am guessing before next weekend. Don't be greedy. Take those profits along the way. And always put your stops in! Happy trading friends.
COINBASE:OXTUSDLong
by stewdamus
ascending channel ideajust the thoughts of a complete newb. I marked the upper,lower and middle range of the current channel OXT is in. Spends a lot of time in the lower half consolidating with brief spikes to the upper line. Only to then fall back to the lower line. wash,rinse,repeat. If the distance between the last two upward spikes is any indicator, the next one should be in about 7 days. I think if we can get above the middle line and hold there before going to the upper line it may break through the upper and then its go time. failure to do so will make it harder to break out. sideways at best if it fails.
COINBASE:OXTUSDLong
by HemiRebel
4
"Patient One's Always Win" - OXTOverview -Ideas are a bit spread out since I'm spending a TON of time trying to finish making a COMPLETE trading guide so stay tuned for when that gets released! -Overall OXT as always is a bit disappointing while the rest of the market is pumping. However, it may have just been taking some time to put on its running shoes. Let's start from the top! Price Chart - Price is currently trying to make the 20MA the new support. If the 20MA(green) can get above the 50MA(yellow) could see another run up - Making a symmetrical triangle pattern that usually results in a breakout - If breakout does occur, places where price could see some resistance is marked on the chart (1,2,3) - OXT is only for the patient, still looks strong and if the symmetrical pattern plays out, expect a continuation RSI - RSI is deciding what to do by being in the middle, plenty of room if a run occurs - If no run, we could see a short-term price drop to form a double-bottom on the RSI before going back up Stoch - Stoch is high, but I wouldn't be surprised if the stoch value bounced around in this area like it has in the past Extra Info - Learn about OXT here: www.orchid.com - OXT VOLUME: coinmarketcap.com If you enjoyed this analysis or learned something new, please LIKE this idea 👍 FOLLOW for important updates for this coin and helpful trading strategies 🏆 Would also like to know your thoughts! Remember this is not financial advice , however, it is an overview of what I am seeing in this coin's price action. -Happy Trading MoneyGrind
COINBASE:OXTUSDLong
by MoneyGrind
15