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Orchid

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OXTUSD trade ideas

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.
CLong
by Theinvertedtrader
5
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 👍 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
CLong
by MoneyGrind
5
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.
CLong
by trashpanda19
8
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
CLong
by MoneyGrind
7
This Pattern Could Cause OXT To PUMPOverview - Long-term OXT remains bullish as March has already been a great month for this project. Let's start from the top! Price Chart - Daily Chart for OXT with 20/50/200 MA's shown to help indicate future supports - Still possible for OXT to be making a large inverse head-and-shoulders (Shown on chart, yellow) - Could be testing the 20/50 MA's if BTC sees a pullback from its recent run - Bullish as long as we stay in the triangle RSI - RSI is still healthy and would like to see it above the green dotted line soon. Why? Could be the resistance of a triangle in the RSI and if broken, could cause a breakout Stoch - Stoch value is high so not the best place you would like to put an entry unless other indicators are telling otherwise. Could see short-term selling before going higher 4-Hour Chart 1-Hour Chart - I'm a big fan of the red trendline in the RSI, great entries to longs or swing trades. Dotted green marks potential sell if hit Additional Info - Learn about OXT here: www.orchid.com - OXT Volume: coinmarketcap.com - Expand your trading knowledge by understanding the Inverse Head & Shoulders pattern here: www.investopedia.com If you enjoyed this analysis or learned something new, please LIKE this idea so more people can be aware of the possibilities of this coin.👍 Feel free to FOLLOW for for important updates for this coin and 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
CLong
by MoneyGrind
9
OXT Short TermOXT is a cup and handle machine, 1yr, 1 week, and now daily all leading up to a big explosion. Guessing it'll break first resistance and hit the longer term resistance with a 38% fib retracement which would form another short term cup and handle before fully going to the moon. PRIV8 conference with Edward Snowden in less than 10 days plus stimulus checks coming out as we speak. Should be a big move 🚀👨‍🚀👩‍🚀 -Strong RSI -Positive MACD on daily and about to flip the 4HR -Bollinger Bands about to burst on the daily chart🔥 Minimum $1.20 for my reserved guess by April, but have a feeling it could be much more. 🤷‍♂️ NOT FINANCIAL ADVICE
B
by CrypTac-Toe
1