OXYUSD trade ideas
Notable Pause in Price Action At an 88.6% RetraceThere is not much of a pattern here we are basically trading at all time lows but we are at a point where it can only literally lose all of it's value if it goes lower and a stop loss while fairly wide can be easily applied and justified when thinking of the potential reward. I believe that if it holds these lows that it will retrace back up to the 88.6% retrace from high to low and the return on such a trade would greatly outweigh the wide potential risks so long as one is prepared to potentially lose 42% of what they decide to put down on this trade here in anticipation of a potential gain that could be in the thousands of percentage points.
OXY 4H shortSetup: Oxy just got rejected off the 4h 20 EMA. On higher timeframe, Oxy also looks bearish, adding confluence to our chart
Entry: When Macd crosses down
SL: 1 Atr above the 20 EMA( for a aggression trade) or 1 ATR above the 50 EMA( for a safer trade)
TP: Recent swing low at 0.21 or Ride the trend
OXYPERP 4h shortOXY has been consistently lower highs and lows, so we will ride the strong trend. We can see that OXY respect the 20 MA, so we will wait for a price rejection candle formed after it hits the 20 MA or wait for a breakout. This will be our entry point. We will exit after OXY break 1 ATR above the 4h 20 MA
Oxygen / BTC / USD - brokerage service built on SolanaOn the above 1-day chart price action has corrected 50% since late September. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal of course.
2) RSI is printing higher lows as a breakout of RSI resistance is confirmed.
3) Multiple ‘bullish engulfing’ candles.
4) Price action makes an impulsive move to the upper half the Bollinger Band (not shown here).
5) On the 6-day chart (below) a perfect ‘Dragonfly DOJI’ is printed. Fantastic.
6) On the 3-day dollar chart (bottom) a ‘incredible buy’ signal was printed. Price action is now on support having printed a higher low. 10 oscillators, yes 10! are currently printing hidden bullish divergence. There is no more resistance after $3.40.
Normally fundamentals don’t interest me much. On this one the I think of as a ‘bankers token’. The CEO has over 16 years of investment banking (Managing Director at Merrill Lynch, Goldman Sachs) and fintech experience; but does indeed seem very interesting.
www.topionetworks.com
It is possible for price action to fall further? Sure.
Is it probable? Very unlikely.
Good luck!
WW
6-day chart - DOJI
3-day dollar chart
The Oxy Protocol Gartley Trade Lives On!We Have 4 Hour Bullish Divergence and a Double Bottom at the PCZ of this Bullish Gartley that price action has held itself together surprisingly well at during the Bearish price Action on Bitcoin. We did however see a weird wick down in the Spot Market but the Futures Market held together very well at this PCZ and we might see another decent rise up.
Long setup triggered on OXYUSDOXY is a Solana based project that launched recently.
Price has just confirmed bullish market structure on the 4hr on bullish MACD Divergence in the reload Zone.
Still below trendline resistance, this one one we'll be looking at closely on any dips that follow with invalidation at lows
What's next?So... I entered at 2.91 like 1 month ago. Now there are 2 plausible scenarios. If it goes up, I recommend going on short term. If it drops, it might fall to USD 2.6-2.4.
It would be very helpful if you could make some "marketing" on reddit forums for OXY. It has a relatively low market cap (180 million USD), so it would be very easy to take OXY to the moon. And on the opposite of DOGE, behind OXY there is (in my opinion) a serious project with realistic ambitions, where even some institutions have already invested millions of dollars (Alameda Research invested 40 million 2 months ago). This just shows how serious the team behind this project is. Stay bullish!