OXT Has Got It's Sights Set For An ATHOverview
- Overall OXT is expressing its bullish behavior and long-term could eventually hit an ATH. Let's start from the top!
Price Chart
- Daily chart with 20/50/200 MA's to help indicate future supports
- $0.78 is a critical resistance test and if broken could easily send OXT to $0.85. Break $0.85, $1 will be tested
- Symmetrical triangles are known to be bullish and that was the case here. We finally got the obvious breakout we were waiting for
- Could be forming an inverse head and shoulders that would send OXT to the moon, for this to occur we might see a short-term price drop (Or this shoulder already occurred in the highlighted 11 bars)
- IF ATH occurs, possible conservative new ATH's are marked
- Daily close above $0.75 and OXT is VERY BULLISH
- Volume is now over $100,000,000 :D
RSI
- Great structure in the RSI with plenty of more room to go, could hit yellow line when ATH is hit
- Starting to become overbought
- Has been bouncing off the red line nicely
- Notice before the last ATH occurred, the ascending trend line was touched three times before mooning, we are in the middle of bounce 3
MACD
- Signal line(blue) over MACD(orange) = rally time
- Momentum pattern 2 seems to be the same as momentum pattern 1. Makes me think we will see consolidation occur above $1 in the future
Extra INFO
Learn about OXT here: www.orchid.com
OXT VOLUME: coinmarketcap.com
OXTBTC Chart
- Text box explain most, overall break this symmetrical and some real magic could happen
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MoneyGrind
OXTUSD trade ideas
In which OXT drops to 36 cents before ascending to $1.25!
Longer term (weeks - 2 mos) I am bullish.
Shorter term (days - weeks) I am bearish.
Previous triangle pattern was annulled. Only one target hit. See link below under "Related Ideas"
BTC and ETH (our leaders) show further descent possibilities on their charts. Altcoins will exaggerate this price action.
I see many ALTS, if not most, touching the 200 day MA before further ascent.
36 cents is the shorter term target and a great price for re-entry.
Upside targets are: .65, .75, .90, 1.00, and $1.25
I wish you all the best traders. Follow this post as I update throughout.
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.
OXT? More Like POT OF GOLDOverview
- Overall bullish symmetrical triangle forming and upcoming summit meetings(March 23-25) could have a bullish outcome on OXT price. Let's start from the top!
Price Chart
- 4hr time-frame with 20/50/200 MA's included to help indicate future supports
- Cloned the previous "W" formation and copied to current trend, looks similar
- Point on the symmetrical triangle ends where the summit meetings occur so this could have a bullish effect on OXT price
- Range when the meetings occur is highlighted on the chart
RSI
- Obvious declining structure with the potential to breakout
- Would like to see RSI value return to the ascending channel
Stoch
- Last time the value was at these levels price rose 50%
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
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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
Made this chart in December As the title says, I made this chart in december and have not touched since. This is a slow coin but follow those orange trendlines. The trend lines have been extremely accurate. The hot new kraze is NFTs, so I dont see this coin jumping any time soon. The only way this coin will jump is if Bitcoin rallies to 70K but you better be on the boat before then.
OXTUSD - BULLISH FORMATION - INVERSE H&S 14-3-2021OXTUSD
Showing inverse head and shoulder pattern clearly on daily TF.
Expecting to broke ATH by next couple days
Reasons to be bullish
1) 2 days MACD flip green
2) Showing bullish pattern - H&S, currently in bullish falling wedge pattern
3) Above all MA on daily
4) RSI above 55
5) Greed index increase
6) Golden cross on 4 hours TF
Possible entry : USD 0.6-0.61
Exit target : USD 0.76, USD 0.8, USD 0.9
OXTUSD: 1D Looking bearish to meAs above...
As I previously published, OXTUSD has not lived up to the hype this bull market with NO ATH unlocked. It is on course for me into bearish territory on the 1D chart.
Would not be surprised to see 0.4 to 0.25 price range before a turn around again.
Good luck traders!
What's so special about ORCHID? READIt has taken more than 1 year to form that W pattern that you see. Once this thing breaks out, it will skyrocket for a long time. I smh at people with price targets of 1.5/2/3. This is crypto people. However this one has taken its sweet time to really form support/accumulation. On the flip side what is really the risk? going to 11 cents? I will take that risk anytime. I hope it dips that much it will be a steal but highly doubt it will happen. Not financial advice but that's my view on this.
Breakout Watch For OXTOverview
- If $0.68 is broken we could see a breakout to $0.74 and could potentially break $0.74 if volume is present. Let's start from the top!
Price Chart
- Daily chart with 20/50/200 MA's to help indicate price movement and future supports
- OXT has been battling the top of the macro triangle for awhile and the bulls are trying to push through
- Break $0.68, $0.74 could come fast and higher if high volume is present
- Yellow line is an estimated move, not 100% what's going to happen
- As long as BTC stays strong and volume is present, OXT is looking primed for higher prices
- Close above the solid green trendline then $0.74 is more likely
RSI
- RSI has crossed the dotted green trendline but I would like to see it clearly cross before labeling OXT as very bullish.
- Strong, bullish RSI value
4-Hour Chart
- Overall great ascending structure in the RSI
1-Hour Chart
- Overall short-term selling could occur before going higher
Extra Info
- Learn about the Orchid here: www.orchid.com
- OXT VOLUME: coinmarketcap.com
- Take 5min to improve yourself as a trader by learning the ins-and-outs of trading triangles here: www.investopedia.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