Potential Blue Sky Breakout Setup For OXT (Long)(Inverted Chart) Reasons to be bullish on OXT for the next few weeks and months.
- Golden cross has recently formed indicating the beginning of a multi-month bull cycle. The 50 and 200 MA setup is a very reliable trend validator.
- Price has tested the .75 - .80 all-time high on three separate occasions, potentially weakening this level of resistance.
- The cupping price action looks to be pointing towards a breakout over the next few weeks.
- After the previous high is broken OXT will go into price discovery mode. Meaning the price could increase by multiples of the current all-time high.
- OXT is on a short list of altcoins that are tradeable on Coinbase. This provides easy access for plenty of liquidity to flow into OXT. Marketcap is currently sitting under 250 Million.
- Lastly, from a fundamentals perspective the Orchid team is hosting a 3-Day conference discussing the importance of digital privacy. With several big names in media, technology and finance taking part in the discussion.
Target 1: $1
Target 2: $2
Target 3: Will make an update post when other targets are met.
