OXT Has Got It's Sights Set For An ATH
Overview
- 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: orchid.com/oxt
OXT VOLUME: coinmarketcap.com/currencies/orchid/
OXTBTC Chart
- Text box explain most, overall break this symmetrical and some real magic could happen
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
- 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: orchid.com/oxt
OXT VOLUME: coinmarketcap.com/currencies/orchid/
OXTBTC Chart
- Text box explain most, overall break this symmetrical and some real magic could happen
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.