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OXTUSD trade ideas

OXT---Possible Scenario: Rising Wedge Pattern FormingHello Traders, It looks like we may have a rising wedge pattern forming on the daily chart. These can typically signify a bearish pullback. Though I am weary of this happening just based on the overall bullish sentiment of the market. To be safe I will be cutting some profit at the top of that trendline and then I will wait for confirmation if it can break and hold above it. Weekends can always be an iffy time to hold depending on your trade style but it can be one of the best times to load up on cheaper buy in's. Good Luck!
COINBASE:OXTUSDLong
by MarkStPeter
2
OXT - Parabolic Bullish Sweeping Pattern - 200% Possible GiansHello Traders, I'm eyeing OXT/ Orchird ATM. Hugely undervalued at this time, market cap hoovering the $250+/- Mil range. It's completely possible that OXT hits a $800 Mil market cap, which would bring the price close to the $4.90 range. Right now, I'm seeing a large increase in the overall volume of the Portfolio sector of the market. If you look at cycles we've been experiencing since early November 2020, you'll notice the market is focusing on certain sectors/ categories. It was Smart Contracts, DEFI, NFT's, and now I'm seeing something similar for the portfolio category. Going into the weekends can always be inconsistent but one thing I like to focus on is grabbing a few key projects before the beginning of the week and DCA my purchase orders from Friday evening until Sunday evening. I'm more of a swing trader, hanging onto coins for no longer than a couple of weeks and usually a min. of 2-3 days. Buy, hold, and realize gains!
COINBASE:OXTUSDLong
by MarkStPeter
19
OXT is Flipping A CoinOverview - Overall OXT will be making a decision whether it will breakout of the bullish flag or begin to dump to the next support. Let's start from the top! Price Chart - 4hr chart with a price currently nearing the end of a bullish flag. - Needs to break above the 20MA(green) to really get traction for higher prices. Also means turning green back into a support. - Breakout possible prices are marked on chart - Get above the 50MA and OXT starts getting really bullish, especially if $0.75 is broken - If attempt to break triangle fails, could find OXT making it's way down to the lower green trend line around $0.61-$0.63, or red ascending pattern line ($0.55-$0.58) - NEED BTC to not dump, crucial - Still think we could be seeing an ATH in April RSI - Fighting to stay inside the channel, stay in here OXT remains bullish long-term - Possible indication that are strong move could be on the way due to accumulation Stoch - Strongest argument for OXT breakout at the moment. - Last time value was this low. prices rose 40% 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
9
OXTUSD Orchid Ready to Explode $1.25 by April 15th!Morning Traders, You can see in my "Link to Related Ideas" section below that I have been tracking OXTUSD for some time now. OXT moves fast! Probably, faster than many other ALTS (at least on Coinbase) and that is simply because it is one of the ALTS with the least amount of market cap, though that has been changing over the last few months. There is now a preponderance of charting evidence leading me to believe that OXT's time is imminent. And if you look at my past idea below: "OXT - The case for $1.25 PRICE TARGET!" I show why the price target of $1.25 is reasonable and the time of around mid-April is the perfect time to hit this target. Once OXT breaks through the descending GREEN resistance of the current triangle it resides in, I will pick up a little more. This is our signal that it is "GO TIME". I will then hold till around $1.00 where I will probably begin to take profits. Then again at around $1.15. A big chunk at $1.20 and then finally, most of what's left at $1.25. I will hold a small amount more for the possibility of exceeding this price point, which I have also made the case could likely occur. In fact, my suspicion is that OXT could even hit the $1.40 mark! This is a 2-3 week swing trade friends. Please let me know how it goes for you all and if my idea helped you in any way! I wish you the best!
COINBASE:OXTUSDLong
by stewdamus
27
OXTUSD Orchid Target Still $1.25-$1.40 before April 15thHi guys. A few months ago I posted the following idea which made a case for OXT reaching $1.25 on or before April 15th. You can view that idea here: This chart really is just adding to that original idea. It's a noisy chart, I know. I failed to clean it up before posting only because I wanted to keep all of the indicators in place for my own information. So, after you go back and read my original post, come back here and find a few more indicators leading me to believe OXTUSD will reach, at least, $1.25 - and quite possibly $1.40! What I have observed (and you can take this for what it's worth), is that BATUSDC and OXTUSD seem to feed of each other's PUMP. First BAT rises and then OXT follows this ALTCOIN's lead. After that, many of the other alts on Coinbase will generally follow. So, on Coinbase, traders obviously start with the big dawg, Bitcoin. Ethereum will follow. Then bigger alts like LTC. Then BAT. Finally, OXT. And then the other ALTS. The money seems to trickle down in about that order. Obviously, not always. But a pretty good generality to observe. I simply use this precedent as another timing indicator of sorts. Because OXT likes to copycat what BAT does, I have included some of those calculations on this chart simply for reference. BAT recently mooned. Much of this was on the news that it would be developing it's own DEX. This is great news. Obviously, from my profile pic, you can see I am a huge fan of BAT. I do think it will join the ranks of the big dawgs in short time. But enough about BAT. You came here to read about OXT. Here's what I have calculated so far: I have noticed, on average, most crypto will top out or have a top line resistance/target of 2.8x multiple from current 200 day moving avg. Therefore, if you take the current 200ma and multiply it time 2.8x, you can have an idea of where your coin might go. In this case, OXT current 200ma sits at .33 cents. This gives us a fairly reasonable and safe target (IMO) of around .92 cents. That could be a first target which we have almost reached today, as of this post. My second line takes the BAT price, which OXT tends to copy, to find what that multiple is. BAT topped out at $1.38 so far. Still could go higher (and I think it will). But let's take that price for now and use it in our calculations to give us another idea of where OXT might end up. BAT reached $1.38 but it's 200ma was only .32 cents. That give's us a multiple of 4.3x BAT's current 200ma! Awesome! Now, if OXT were to follow the same results, which it surprisingly tends to do historically, then we should see OXT reaching a price of $1.41. Now, this, to me seems like a pretty aggressive target and I don't see myself holding OXT past the $1.25 mark, however, anything can happen as you all know. And this only gives me further affirmation that my $1.25 price point from a few months ago is not far off! I will attempt to hold at least %33 of my entire stake here until we reach this mark. I will be taking profits (and have already) at various markers along the way. One final indicator is that $1.40 is exactly 2.168 Fib retracement of OXT's previous high from a few weeks ago! And this, you can note, is where a LOT of the ALTCOINS are headed. Some, like BAT, have already reached! Anywho, I just wanted to give a few more talking points to discuss on my previous price prediction here. Let me know what you all think in the comments below. I wish you all the very best! Please be sure to go back and read my previous post from a few weeks ago here:
COINBASE:OXTUSDLong
by stewdamus
2
Look Familiar? BULLISH Pennant in the MakingOverview - Overall could be forming the SAME previous ATH structure(see below) that will REALLY make OXT breakout! This could get exciting real fast if this actually plays out. Let's start from the top! Price Chart - 4hr Chart with 20/50/200 MA's to help indicate future supports - Currently forming a bullish pennant that could propel OXT's price even higher. Hopefully splashing through the $0.85 and $0.92 resistances and towards a new ATH - 20MA(green) starting to work its way above the 50MA(yellow). Better to have shorter time frame over the longer time frame. If this is confusing feel free to ask for a complete definition down below! - Breakout could also occur when we break the declining resistance shown on the chart - BTC stays bullish, enjoy the HUGE move OXT could possibly make a 37% gain if we reach $1 RSI - Jumped back into the ascending channel! very bullish Stoch - Stoch currently has a value of 70 which is bullish Before ATH Structure 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
10
OXTUSD Looking Beautiful With The Recent Dip - The SequelOverview - My first idea had the a very similar title and look where OXT is now! But, it's time for the sequel to come out. Overall OXT's daily is implying that a move to the upside is becoming more likely. I guess four days of constant selling will do that? Let's start from the top! Price Chart - Daily chart with 20/50/200 MA's to help indicate future supports - Previous large correction was violent as well, dropping roughly the same percentage - Previous large correction also did not break the 50MA(yellow), however, did break the 20MA(green) but rose back above it - Could break the 50MA, but if OXT is still very bullish it will reclaim position above - Need to break above $0.74 to start getting really bullish and see ATH - Measured start-to-end of last run and cloned percentage gain to current area, takes us perfectly to $1.20 as the next move top - Long-term a higher low was made! - Once a $1 is broken could very well go past $1.20 since OXT will be in price-discovery-mode - Break below $0.58 and could start getting a little less bullish - Orchid Meetings could have a positive effect on price in a couple weeks if media starts telling news stories about the meetings - Let's hope BTC doesn't have a massive correction :) RSI - Hit the bottom of the channel, could now start seeing higher prices. - Top of next move could hit the horizontal blue line indicating ATH is set before a retrace occurs - Break below the red line and could start becoming bearish Stoch - Stoch is now showing that its getting closer to another rally due to it reaching lower levels - Could bounce off the green line 4-Hour Chart - Text boxes explain chart! 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
5