OAX bringing us the OX of profits!
Updated
Running out of puns for these titles, but here we have a DEX that is a low mkt cap, hasn't ran yet, nice tight bollingers as we've consolidated above the 1.61 extention and now broken the downtrend. I think we can see a 3-400% move on this one. I'm a big fan of all the DEX plays as I believe they are the future of crypto.
Note
Nice higher daily close on high volume, ready for more moves up!
I'd like to see the 17300 level break so we can approach my next target at 23200 and 26800.
Note
Getting to an apex of a descending triangle, decision time soon! When we zoom to the 15 or 5 minute we can see a bullish divergence on the RSI. It's possible whales are accumulating above the 1.61 fib extension at the blue line, we see steady low volume in the that trading range with red box. Would like to see the blue fib extension line hold to maintain upward movement.
Note
***copy and paste for link not working correctly, this should be the OAX chart
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.